VTB Bank Jan–Jul IFRS net profit plummets 55.8% to 43 bln rbl
MOSCOW, Sep 2 (PRIME) -- The net profit of Russia’s second largest bank VTB plummeted by 55.8% on the year to 43 billion rubles in January–July and by 94.6% on the year to 1.1 billion rubles in July, the bank said in a statement on Wednesday.
“VTB Group’s net profit amounted to 43.0 billion rubles and 1.1 billion rubles, decreasing by 55.8% and 94.6% year-on-year, respectively, in January–July and July 2020,” the bank said.
The net interest income rose by 18.2% on the year to 297.4 billion rubles in January–July.
Loans and advances to customers went up by 9.1% in the period to 12.5 trillion rubles as of July 31, with loans to individuals rising 8.6% to 3.7 trillion rubles, and loans to companies growing 9.3% to 8.9 trillion rubles.
Customer deposits with the bank went up 10.3% to 12.1 trillion rubles, with corporate deposits expanding by 13.3% to 6.7 trillion rubles, and retail deposits gaining 6.8% to 5.4 trillion rubles.
For further details, see the bank’s statement on its official website:
(73.5849 rubles – U.S. $1)
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