VTB 24 increases RAS retail loan portfolio 1.4% in Q1, VTB group up 2.5%
MOSCOW. May 11 (Interfax) - VTB 24 saw its credit portfolio increase 1.2% to 1.88 trillion rubles to Russian Accounting Standards (RAS) in Q1, including a 1.4% rise in the retail portfolio to 1.7 trillion rubles, the bank said in materials.
The VTB Group as a whole, including VTB 24, BM Bank and Post Bank boosted its credit portfolio 2.5% to 2.17 trillion rubles.
The portfolio of loans issued to private individuals by VTB 24 as of April 1, 2017 was 2.06 trillion rubles. The volume of fixed-term deposits fell 2% to 1.65 trillion rubles. VTB 24 CEO Mikhail Zadornov told journalists that the drop was due to forex revaluations and the reorientation of private individuals from forex deposits to other forex investment instruments. "[Private individuals' funds] are not leaving the group," he said.
VTB 24 increased net profit to RAS almost four-fold in January-March 2017 to 12.9 billion rubles.
Net profit for 4M 2017 to RAS has trebled to 20.2 billion rubles.