08.05.2008 /Financial Statements
 VTB increases its profit
According to the Russian Accounting Standards, over the last 4 months of 2008, VTB Bank net profit amounted to RUR 6.6 billion, which is a 38% growth against 2007. Such increase was underpinned by interests on credits to corporate customers and the fees.According to Vasily Titov, VTB Deputy Chairman, “VTB achievements over the first four months in 2008 prove the Bank’s successful cooperation with Russian companies. Today, VTB priority is to increase operations with corporate customers, which is also a basis for its further effective activity in line with the current Development Strategy.”
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VTB Bank announces its performance results
For the last two years, outstanding loans increased more than 2.3 times to RUR 108 billion, customer deposits accounted for 230.8% to RUR 93 billion. And VTB Bank succeeded in achieving transaction growth ahead of the average market rates. [Read...]
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