VTB Bank’s IFRS net profit soars to 98.5 bln rbl in Jan–Jun

MOSCOW, Aug 9 (PRIME) -- The net profit of Russia’s second largest bank VTB soared about 70% on the year to 98.5 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the bank said in a statement on Thursday.

The net interest income grew 4.8% to 238.1 billion rubles, and the net fee and commission income went up 7% to 46.1 billion rubles.

Provision charges shrank 9.2% to 69 billion rubles.

The bank’s portfolio of corporate loans rose 2.1% in the period to 7.458 trillion rubles as of June 30, and the portfolio of retail loans increased 8.5% to 2.749 trillion rubles. The combined credit portfolio went up 3.7% to 10.206 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/2018/08/2018-08-09-vtb-group-announces-ifrs-results-for-2q-2018/

(63.5950 rubles – U.S. $1)

End