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VTB increases its profit

6 May 2008

According to the Russian Accounting Standards, over the last 4 months of 2008, VTB Bank net profit amounted to RUR 6.6 billion, which is a 38% growth against 2007. Such increase was underpinned by interests on credits to corporate customers and the fees.

According to Vasily Titov, VTB Deputy Chairman, VTB achievements over the first four months in 2008 prove the Banks successful cooperation with Russian companies. Today, VTB priority is to increase operations with corporate customers, which is also a basis for its further effective activity in line with the current Development Strategy.

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