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VTB publishes its unconsolidated RAS financial statements for September 2009

 
5 October 2009

As of 1 October 2009, VTB Bank’s assets exceeded RUB 2,696 billion as compared to RUB 2,551 billion on 1 January 2009. Since the beginning of the year, the Bank’s assets have increased 6%.

On 25 September 2009, the Bank of Russia registered the Report on the Results of Additional Issuance of Common Registered Shares of JSC VTB Bank. As a result of additional share placement the Bank’s equity capital has increased by half and its charter capital exeeds RUB 104 billion.

As of 1 October 2009, corporate customer deposits amounted to RUB 1,086 billion as compared to RUB 719 billion as of 1 January 2009. The funds raised from corporate customers have increased 51% since the beginning of the year.

Over the first nine months, the Bank’s net profit was RUB 7.92 billion as compared to RUB 16.58 billion net loss as of 1 September 2009. The net profit growth in September was caused by increased net interest income, positive results from release of loan impairment provisions, income from securities transactions and from dividends paid by subsidiaries.

These unconsolidated financial statements have been prepared under Russian Accounting Standards only for the Parent Bank, JSC VTB Bank.


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