Russia's VTB leasing reports 2010 result

Russia's largest leasing company VTB Leasing announced a net profit of RUB1.3 billion for 2010. Revenue from core operations was RUB11.2 billion, with aircraft and aviation equipment leasing accounting for 23.4% of its total portfolio.

Some 75% of the company's leasing activities are in Russia, with the remainder spread across CIS nations. The company is a unit of Bank VTB.

AerCap shares dropped 3.9% on Wednesday, on a mixed day for leasing firms. The stock has lost 7% for the year to date, after hitting a 30-month high in Feb-2011.

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