VTB retains 2019 IFRS net profit forecast at about 200 bln rbl

MOSCOW, Nov 7 (PRIME) -- VTB has its 2019 net profit guidance under International Financial Reporting Standards (IFRS) at about 200 billion rubles, CEO Andrei Kostin said, as cited in a statement released on Thursday.

“VTB demonstrated confident growth of profitability in the third quarter of 2019, which confirms our forecast for the net profit in 2019. Continuing digital transformation of our services, as well as work on strengthening client-centeredness of the business model will allow VTB group to achieve new goals in the future,” Kostin said.

In 2018, the bank’s net profit was 178.8 billion rubles.

(63.5880 rubles – U.S. $1)

End