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Analyst Consensus

Сonsensus for the 3Q and 9M 2017, as well as for the years of 2017–2019 is based on the analytical data from 12 investment banks (Morgan Stanley, Sberbank CIB, JP Morgan, HSBC, Citi, BCS, Uralsib, Societe Generale, BofA – Merrill Lynch, Veles Capital, Gazprombank and ATON) as of November 8th, 2017.

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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