VTB, the second largest Russian Bank assets, continues to increase reserves and no hope of big profits in 2014, said the head of the Bank Andrey Kostin.
" our reserves will grow, and We will continue to build, and We are making a good profit In the current year do not count, " said Kostin reporters on the sidelines of the Sochi economic forum.
VTB had previously reported that in January-June was sent to the reserves for impairment of debt financial assets 92, 8 billion rubles against 50, 7 billion the year before.
" You see on the first six months that We have doubled the formation of reserves, they are at the level of Sberbank, although Sberbank 2 times more assets, for this reason We will continue. We wish to have a healthy Bank with a strong airbag. Even if no pillows, no questions asked, " said Kostin, noting that the problems of the Bank shall include provisions in Ukraine and " Mechel ".
sections: Politics |