Russia’s VTB Bank Sees Lending Income Collapse Amid War Pressure

Russia’s second largest bank, VTB Bank PJSC, is seeing a sustained deterioration in profits made from lending, feeding concern at the bank over its stability amid the economic pressures from President Vladimir Putin’s war on Ukraine.

​Russia’s second largest bank, VTB Bank PJSC, is seeing a sustained deterioration in profits made from lending, feeding concern at the bank over its stability amid the economic pressures from President Vladimir Putin’s war on Ukraine.