Equity Analysis /
Russia

VTB: 2022 might be 'The Year', upgrading to O/W

  • We upgrade VTB to O/W

  • Record-breaking 2021 builds the base for sustainably solid returns going forward

  • Long-awaited dividend story may finally unfold

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
14 December 2021
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