Sunday, February 27, 2022


Gold Hits 21-Month Excessive Amid Ukraine Turmoil

Reuters Russian financial institution VTB holds off forecasts regardless of report 2021 revenue MOSCOW (Reuters) -Russian state financial institution VTB…

By Staff , in Gold , at February 22, 2022


Reuters

Russian financial institution VTB holds off forecasts regardless of report 2021 revenue

MOSCOW (Reuters) -Russian state financial institution VTB on Tuesday reported a report internet revenue of 327.4 billion roubles ($4.1 billion) in 2021, however stated it might not give any forecasts till markets stabilise. Collectively, Russian banks made a report 2.4 trillion roubles revenue final yr as a rebound from the coronavirus disaster revived mortgage progress and boosted curiosity in actual property property, the central financial institution stated final month. Nevertheless, VTB shares slumped 18.25% decrease on Monday, underperforming the broader Russian market, amid fears that new Western sanctions in response to Moscow sending troops to 2 Russia-backed separatist areas in jap Ukraine could goal key monetary establishments.



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