VTB Jan–Sep IFRS net profit jumps to 75 bln rbl from 34 bln rbl

MOSCOW, Nov 9 (PRIME) -- The net profit of Russia’s second largest bank VTB jumped to 75.3 billion rubles in January–September from 34.1 billion rubles in the same period of 2016, as calculated under International Financial Reporting Standards (IFRS), the bank said in a statement on Thursday.

The net interest income rose 10.7% on the year to 343.7 billion rubles, while the net fee and commission income grew 19.9% to 67 billion rubles. Operating income before provisions went up 11.9% to 404.2 billion rubles.

The corporate loan portfolio of VTB shrank 1.5% in the period to 7.2 trillion rubles as of September 30, while the portfolio of retail loans gained 11.5% to 2.426 trillion rubles.

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

https://www.vtb.com/group/press/news/fin_releases/579262/

(59.2480 rubles – U.S. $1)

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