RBC, 08.12.2011, Moscow 15:59:07.The Bank of Moscow’s (BoM) net profit is expected to reach RUB 15bn (approx. USD 481.5m) in 2011, Herbert Moos, CFO at VTB, a state-owned bank which took over BoM in September 2011, told reporters.
BoM reported a RUB 12bn (approx. USD 385.2m) profit in Q3 2011, and expects to generate a RUB 3bn (approx. USD 96.3m) profit in Q4, Moos said.
In January-October 2011, BoM’s RAS net profit dropped 2.4-fold year-on-year to RUB 4.1bn (approx. USD 131.6m).