VTB's loan portfolio to IFRS up 1.7%, customer deposits rise 3.2%
MOSCOW. August 8 (Interfax) - The VTB Group's gross loan portfolio audited to International Financial Reporting Standards (IFRS) grew 1.7% in H1 2019 to 11.623 trillion rubles.
Customer deposits rose 3.2% to 10.738 trillion rubles, the bank said in a statement.
Retail lending grew 10.4% in H1 to 3.3 trillion rubles while corporate lending fell 1.3% to 8.324 trillion rubles. Corporate lending grew 2.5% in Q2 and retail rose 4.2%.
The Group's NPL ratio was to 5.7% of gross customer loans as of June 30, 2019, unchanged from January 1 but was down 10 basis points from March 31, 2019. The allowance for loan impairments at the end of the first half was 6.3% of the total loan book, compared to 6.4% as of January 1, 2019 and 6.5% as of March 31, 2019. The NPL coverage ratio was 110.8% as of June 30, 2019.
VTB's assets grew 2.0% in H1 2019 to 15.055 trillion rubles.
Corporate deposits rose 0.6% in H1 2019 to 4.709 trillion rubles and retail deposits grew 6.8% to 4.709 trillion rubles.
The total capital adequacy ratio was 13.2% as of June 30 2019, down from 13.5% at the start of the year, and the Tier 1 CAR was unchanged at 12.0%.