Sberbank - 1Q16 The Russian central bank's decision to raise interest rates by 25 basis points on Thursday was seen as a sign of the country's economic recovery. Russia’s second-largest bank VTB made net profit of just 0.6 billion roubles in the first quarter, while many smaller Russian banks remain loss-making. but warned its margins will remain under pressure.
Sberbank - 1Q16 The Russian central bank's decision to raise interest rates by 25 basis points on Thursday was seen as a sign of the country's economic recovery. but warned its margins will remain under pressure.