VTB said it expected to bounce back from a sanctions-induced $7.7 billion loss last year to post record profits in 2023, boosted by the purchase of rival Otkritie Bank and a profitable start to the year. (Reporting by Reuters; Writing by Alexander Marrow; Editing by Kevin Liffey)
MOSCOW, April 5 (Reuters) - Russian state lender VTB on Wednesday said it had built up large reserves as it
expected Western sanctions pressure and Moscow's conflict in
Ukraine to last for a long time.
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