VTB Bank publishes unconsolidated RAS financial statements for January 2010

As of February 1, 2010, JSC VTB Bank’s assets amounted to RUB 2,591 billion compared to RUB 2,673 billion on January 1, 2010. The assets have decreased 3% against the year-start.

VTB Bank corporate loan portfolio amounted to RUB 1,445 billion, up 1% from RUB 1,431 billion as of year end 2009.

Corporate deposits amounted to RUB 981 billion, down from RUB 1,002 billion as of 1 January 2010, mainly due to the maturity of the Ministry of Finance deposits. Corporate deposits adjusted for the Ministry of Finance funds have risen 3% from RUB 952 billion as of January 1, 2010.

The Bank posted a net profit of RUB 6.16 billion for January 2010 driven by а steady core income.

The unconsolidated financial statements were prepared in accordance with the Russian Accounting Standards only for the Parent Bank, JSC VTB Bank.