As of 1 September 2009, VTB Bank’s assets amounted to RUR 2,816 billion as compared to RUR 2,551 billion posted on 1 January 2009. The Bank’s assets increased 10% from the year start.
VTB corporate customer accounts and deposits grew by 46% to RUR 1,047 billion as compared to RUR 719 billion on 1 January 2009.
The Bank’s net loss for the eight months of 2009 increased to RUR 16.58 form RUR 9.71 billion as of 1 August 2009. This RUR 6.87 billion increase in August is primarily due to the growing provisioning charges. As of 1 September 2009, the allowances for loan impairment amounted to RUR 86.7 billion.
The Bank’s financial result was also affected by negative revaluation of its foreign currencies positions.
The unconsolidated financial statements have been prepared under Russian Accounting Standards only for the Parent Bank, JSC VTB Bank.