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VTB publishes its unconsolidated RAS financial statements for June 2009

 
3 July 2009

As of 1 July 2009, VTB Bank’s assets were RUB 2,688 billion compared to RUB 2,551 billion on 1 January 2009. Against the year-start, the assets have increased 5%.

The Bank’s corporate loan portfolio reached RUB 1,477 billion compared to RUB 1,471 billion on 1 January 2009.

Corporate customer deposits and accounts exceeded RUB 1,115 billion compared to RUB 718 billion on 1 January 2009, a 55% increase since the beginning of the year.

Over the first six months of 2009, net loss of the Bank amounted to RUB 26.45 billion. The RUB 2.2 billion increase in net loss in June was primarily due to higher provisions for loan impairment. As of 1 July 2009, allowances for loan impairment were at 4.3% of the Bank’s corporate loan portfolio.

The unconsolidated financial statements are only for the Parent Bank, JSC VTB Bank, and are prepared under Russian Accounting Standards.


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