VTB in January-November increased its net profit under IFRS 2.2 times
VTB in January-November 2017 increased its net profit under IFRS 2.2 times compared to the same period last year, to 98.8 billion rubles, the Bank said.
In November, the Bank’s net profit amounted to 7.9 billion rubles, an increase of 5.3% in annual terms.
Net fee and Commission income amounted to 7.6 billion rubles in November and 82.6 billion for eleven months, showing grew by 2.7% and 17.2%, respectively. Net interest income in November rose 12.2%, to 37.8 billion rubles, in January-November, up by 11.2% to 420,5 billion. Net interest margin was 4% in November, up from 3.7% in the previous year, eleven months, 4.1 percent vs 3.7 percent.
The total expenditure of the group on the establishment of a reserve for impairment of debt financial assets and other assets, credit related commitments and legal claims made in November to 14.7 billion rubles (growth by 31.3%) and of 144.3 billion rubles in January-November (a decline of 18.6%).
Total assets of the VTB group as of November 30, 2017 $ 12,945 trillion rubles, an increase of 2.8% since the beginning of the year. Loans and advances to customers before provisions increased by 2% over the past eleven months, to 9.68 trillion rubles. Loans to legal entities before provisions fell by 1.6% YTD, while loans to individuals before provisions increased by 14.2%.
Customer funds increased by 22.7% in January-November, up to 9,016 trillion rubles. Funds of legal entities increased by 28.6% since the beginning of the year, individuals – by 14.2%.