VTB Bank handily beat earnings forecasts in the third quarter, as Western countries' sanctions begin to lose their bite, the bank's chairman told CNBC.
CNBC: VTB Bank – Russia sanctions losing their bite
Andrey Kostin, Chairman and CEO of the Russian Bank VTB, looks on during a session of the World Economic Forum (WEF) annual meeting on Jan. 23, 2015 in Davos.