Nov. 9 (Bloomberg) -- Vnesheconombank, Russia’s state development bank known as VEB, posted a 65 percent increase in first-half profit to 23.3 billion rubles ($762 million) based on international accounting standards, the lender said today on its website.
The bank had a second-quarter profit of 2.4 billion rubles compared with a 14.2 billion ruble loss a year earlier. Interest income in the first-half was 75 billion rubles.
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