CEO: VTB sees С17 IFRS net profit at 107 bln rbl, raises С18Ц19 plan
DAVOS, Jan 23 (PRIME) -- VTB expects a 107 billion ruble net profit in 2017, as calculated under International Financial Reporting Standards (IFRS) and has raised the 2018 and 2019 forecasts to 150Ц170 billion rubles and 200Ц220 billion rubles from 150 and 200 billion rubles respectively, CEO Andrei Kostin told PRIME Tuesday.
УNext year we expect a profit of about 150Ц170 billion (rubles). And we are absolutely sure that if there are no shocks, we will attain an at least 200Ц220 billion net profit in 2019. I think this is quite realistic,Ф Kostin said.
VTB can pay the same dividends for 2017 as for 2016 but the issue has not been discussed with the government, Kostin said. УThe government has given no recommendations yet this is why we presume that the dividends will probably be on the last yearТs level. We have not submitted the proposals and have not discussed this with the government.Ф
VTB earned a 98.8 billion ruble net profit in JanuaryЦNovember 2017 under IFRS. Kostin said earlier that he sees 50% of the IFRS net profit as maximum for dividends.
Kostin also said he plans to meet with several representatives of large U.S. banks during the World Economic Forum in Davos.
(56.6261 rubles Ц U.S. $1)