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VTB increased its net profit

2 November 2007

As of 1 November 2007, JSC VTB Bank`s net profit amounted to RUR 12.2 billion, which has resulted in at least a 46 % increase against the previous year.

The single increase of the issuer`s net profit for more than 10 percent was stipulated by interest on credits granted, commission and fees received, and gains from securities trading. This increase resulted in further enhancement of customer business, growth of credit portfolio, and
income realization on securities portfolio in terms of a 7% increase of the RTS index. 

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