VTB unconsolidated RAS financial statements for November 2009
4 december 2009
As of 1 December 2009, JSC VTB Bank’s assets reached RUB 2,755 billion compared to RUB 2,551 billion on 1 January 2009. Since the beginning of the year, the Bank’s assets have increased 8%.
The corporate loan portfolio amounted to RUB 1,081 billion against RUB 719 billion at the beginning of 2009. Funds raised from corporate customers increased 50%.
Over the eleven months of 2009, the Bank’s net profit was RUB 31.88 billion. In November, the net profit grew by RUB 8.44 billion driven mainly by high income from operations and the release of loan impairment provisions.
The unconsolidated financial statements have been prepared under Russian Accounting Standards only for the Parent Bank, JSC VTB Bank.
The corporate loan portfolio amounted to RUB 1,081 billion against RUB 719 billion at the beginning of 2009. Funds raised from corporate customers increased 50%.
Over the eleven months of 2009, the Bank’s net profit was RUB 31.88 billion. In November, the net profit grew by RUB 8.44 billion driven mainly by high income from operations and the release of loan impairment provisions.
The unconsolidated financial statements have been prepared under Russian Accounting Standards only for the Parent Bank, JSC VTB Bank.
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