As of 1 March 2009, VTB Bank`s assets reached RUB 2,880 billion as compared to RUB 3,057 billion posted on 1 February 2009. Against the year-start, the Bank`s assets have increased 13%.
As of 1 March 2009, VTB corporate loan portfolio exceeded RUB 1,647 billion, which is a 12% increase to the beginning of the year. The funds raised from corporate customers reached RUB 854 billion showing a 19% increase compared to 1 January.
Over the first two months of 2009, VTB Bank`s net profit amounted to RUB 16.8 billion. In February, the Bank`s net profit grew by RUB 3.6 billion driven mainly by growing interest and fee incomes.
The unconsolidated financial statements have been prepared under Russian Accounting Standards only for the Parent Bank, JSC VTB Bank.