As a further step to improve transparency and disclosure standards VTB Bank, the parent company of VTB Group, launches publication of monthly unaudited consolidated IFRS results. The published data will include key balance sheet and income statement lines, selected ratios, and a segmental breakdown.
Herbert Moos, Deputy President and Chairman of the Management Board said: “VTB is committed to providing market-leading transparency and disclosure to investors and analysts and our Finance Department has made further significant improvements to the quality of the Group’s IFRS reporting over the past year. In addition to preparing best-in-class segmental reporting and reducing the time required for publication of quarterly results, we are now able to provide consolidated IFRS results on a monthly basis. We believe this disclosure will be a useful tool for the investment community, and will further enhance transparency of our performance.” The first VTB Group IFRS monthly report for August and the first eight months 2015 will be published today; the remaining reporting dates for 2015 are as follows: