VTB Bank’s IFRS net profit jumps 50.5% to 58.4 bln rbl in Jan–Feb

MOSCOW, Mar 31 (PRIME) -- The net profit of Russia’s second biggest bank VTB soared by 50.5% on the year to 58.4 billion rubles in January–February, as calculated under International Financial Reporting Standards (IFRS), the bank said in a statement on Wednesday.

The net interest income grew by 23.7% on the year to 94.6 billion rubles in the period, with the net interest margin rising 10 basis points to 3.7%. The net fee and commission income gained 36.4% to 24 billion rubles.

The bank’s combined loan portfolio increased by 0.4% in the period to 13.2 trillion rubles as of February 28, with retail loans rising by 2.9% to 4 trillion rubles and corporate loans falling by 0.7%. Customer funding increased by 6.9% to 13.7 trillion rubles.

For further details, see the bank’s statement on its official website:

https://www.vtb.com/o-banke/press-centr/novosti-i-press-relizy/2021/03/2021-03-31-gruppa-vtb-obyavlyaet-finansovye-rezultaty-po-msfo-za-2-mesyatsa-2021-goda/

(75.7023 rubles – U.S. $1)

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