VTB Bank`s assets increased 20% to RUB 3.057 billion as of 1 February 2009 from RUB 2.552 billion at the end of 2008.
As part of its role in providing support to the real economy, VTB further extended financing to leading industries. In January 2009, the Bank`s corporate loan portfolio increased 19% to over RUB 1.752 billion. Total funds raised from corporate customers grew 12% to RUB 806 billion.
VTB Bank`s net profit totaled RUB 13.2 billion in January 2009, impacted by positive results from revaluation of currency assets.
The unconsolidated financial statements have been prepared under Russian Accounting Standards only for JSC VTB Bank.