Russia’s VTB IFRS net profit rises 80% to 73 bln rbl in Oct–Dec
MOSCOW, Feb 26 (PRIME) -- The net profit of Russia’s second biggest lender VTB grew 80% on the year to 73.2 billion rubles in October–December, the bank said in a statement on Wednesday.
The net interest income increased to 440.6 billion rubles from 439.7 billion rubles a year ago.
Spending on reserves declined to 25.5 billion rubles from 55.7 billion rubles.
In 2019, the net profit of the bank grew 12.9% to 201.2 billion rubles, spending on reserves fell 33.2% to 103.3 billion rubles.
Corporate loans fell 4% to 8.096 trillion rubles as of December 31, retail loans rose 12.6% to 3.365 trillion rubles.
For further details, see the company’s statement on its official website:
(64.9213 – U.S. $1)