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Russia's VTB reports 15.4% rise in Q1 profit, sticks to 2025 target

MOSCOW (Reuters) -Russia's second largest lender VTB said on Friday that its first quarter net profit rose by 15.4% year-on-year, reaching 141.2 billion roubles ($1.70 billion), despite falling margins due to high interest rates. VTB maintained its 2025 net profit forecast of 430 billion roubles. The bank's net interest margin fell to 0.7% compared to 2.2% in the first quarter of 2024.

MOSCOW (Reuters) -Russia's second largest lender VTB said on Friday that its first quarter net profit rose by 15.4% year-on-year, reaching 141.2 billion roubles ($1.

70 billion), despite falling margins due to high interest rates. VTB maintained its 2025 net profit forecast of 430 billion roubles. The bank's net interest margin fell to 0.

7% compared to 2.2% in the first quarter of 2024..