VTB reported lower profits in May

VTB's IFRS net profit in May 2024 amounted to ₽30 billion, down 7.7% from ₽32.5 billion in the previous year. Net interest income fell 32.6% to ₽45.4 billion against ₽67.4 billion a year earlier. Commission income rose 6.6% to ₽19.3 billion.