Moscow, Russia – Russia’s second-largest bank, VTB, reported a slight 0.6% year-on-year increase in net profit for the first ten months of 2025, reaching 407.2 billion roubles ($5.20 billion), the lender said on Friday.

The bank’s October results, however, showed a decline, with net profit falling 11.1% from a year earlier to 26.4 billion roubles.

VTB, which operates across retail and corporate banking segments, continues to navigate a challenging economic environment marked by geopolitical pressures, sanctions, and fluctuations in interest rates, yet has maintained overall profitability.

($1 = 78.2455 roubles)