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Analyst Consensus

Сonsensus for the 2Q 2016 and 1H 2016, as well as for the years of 2016–2018 is based on the analytical data from 12 investment banks (Sberbank CIB, Gazprombank, JP Morgan, HSBC, Citi, BCS, UBS, Uralsib, Societe Generale, BofA – Merrill Lynch, Morgan Stanley) as of August 12, 2016.

The forecasts are provided to VTB by contributing investment analysts, and are, as such, publicly available information. These forecasts are not, in any way, based on VTB proprietary forecasts, not endorsed by VTB, neither does VTB assume any obligation to revise them to reflect circumstances arising after the date below. The consensus data below is compiled and updated by VTB’s Investor Relations and aggregates estimates of publicly available forecasts made by contributing sell side investment analysts. 

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