MOSCOW, December 4 (RIA Novosti) - State-controlled foreign trade bank Vneshtorgbank (VTB) said Monday its net profit in January-November 2006 was 9.8 billion rubles ($373.3 million), up 17% from the January-October figure.
VTB said the growth of net profit was due to revenues on operations with securities.
Earlier it was reported that VTB's net profit in January-October 2006 was 13.6% lower than the January-September figure.
VTB is Russia's second-largest bank, with the government holding 99.9% of its stock.
