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Russia’s VTB will use central bank incentives amid capital problems – CEO

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Russia’s second biggest bank VTB will continue to take advantage of all incentives offered by the central bank next year, Chief Executive Andrei Kostin said on Thursday, adding that it was “no secret” the bank had capital problems.

Asked whether the bank would pay a dividend in 2023, Kostin said it would look into this but that the bank planned to use the bulk of its profits to boost capital. (Reporting by Reuters; Editing by Jan Harvey)



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