Russia’s second-largest bank state-controlled VTB posted a 33% year-on-year decline in net IFRS profit to RUB61.3bn, according to a report by the bank. VTB still plans to receive more than RUB100bn net profit under IFRS for the first quarter of 2024. VTB Group posted record profit under IFRS of RUB432bn ($4.6bn) for 2023, with net profit of RUB56bn in 4Q23 alone. The group has also revised upwards its record loss for 2022, from RUB613bn to RUB668bn ($7.2bn). Despite record profit of 2023, VTB’s management still has no plans to offer shareholders dividends. VTB’s net interest income for the two…