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    VTB RAS net profit down 20% in 1Q07 y-on-y, to $100 mln

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    MOSCOW, April 3 (RIA Novosti) - Vneshtorgbank (VTB), Russia's state-run foreign-trade bank, said Tuesday its net profit in January-March 2007, calculated to Russian Accounting Standards, fell 20%, year-on-year, to 2,68 billion rubles ($100 million).

    The bank posted a January-February 2007 net profit of 894.94 million rubles ($34 million), 240% down year-on-year.

    VTB reported a 2006 net profit at 18 billion rubles ($700 million), up 50% year-on-year.

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