VTB Bank’s IFRS net profit rises to 170.6 bln rbl in Jan–Jun

MOSCOW, Jul 30 (PRIME) -- The net profit of Russia’s second biggest bank VTB rose to 170.6 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the bank said in a statement on Friday.

In April–June, the net profit of the bank grew to a record high of 85.5 billion rubles.

VTB increased its net profit outlook for 2021 to 295 billion rubles from 250–270 billion rubles.

In January–June, the bank’s retail loans rose 2.2% to 4.3 trillion rubles, and corporate loans grew 10.8% to 9.5 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/2021/07/2021-07-30-gruppa-vtb-obyavlyaet-finansovye-rezultaty-po-msfo-za-vtoroy-kvartal-2021-goda/   

(73.1904 rubles – U.S. $1)

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