VTB Bank plans to raise net profit by 10% per year after 2022

MOSCOW, Jun 29 (PRIME) -- Russia’s second largest bank VTB plans to raise its net profit calculated under International Financial Reporting Standards (IFRS) by 10% per year after 2022, Dmitry Pyanov, member of the management board of the bank, said in a conference on Tuesday.

“In the post-forecast and post-strategic period, I mean the period until the next strategy, we plan that the net profit will grow by 10% each year, and our goal for return on equity in the following period is 17%,” he said.

VTB Bank expects its net profit to amount to around 270 billion rubles in 2021 and to 310 billion rubles in 2022, he said.

(72.1777 rubles – U.S. $1)

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