Key Points
June 27 (Reuters) - Russia's No. 2 lender (VTBR.MM) on Tuesday said it was on track to post record profits this year and played down the impact of the weekend's aborted mutiny by heavily armed mercenaries on its activities and the wider economy...
Mercenaries led by Yevgeny Prigozhin withdrew from the southern Russian city of Rostov-on-Don overnight on Saturday under a deal that halted their rapid advance on Moscow but left questions about President Vladimir Putin's grip on power and sent the rouble tumbling to a 15-month low on Monday.. "From the point of view of last weekend's events, we in principle, due to the fact that it was relatively short-lived, do not see any significant impacts of this event either on macroeconomics, or on the bank's activities," CFO Dmitry Pyanov told reporters in comments cleared for publication on Tuesday...
"The achieved results allow us to fully confirm the optimistic forecasts for record profit and return on capital this year," Pyanov said, adding the positive results were built on operational efficiency, business growth and a conservative balance sheet...
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