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:

https://www.vtb.com/o-banke/press-centr/novosti-i-press-relizy/2020/02/2020-02-26-ifrs-y19/

(64.9213 – U.S. $1)

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