VTB ups net profit to RAS 2.4% to 21.56 bln rubles in 2012
MOSCOW. Jan 23 (Interfax) - VTB raised net profit to Russian Accounting Standards (RAS) 2.4% in 2012.
The bank said it closed the year with 21.561 billion rubles net profit, not including events after the reporting period. Net profit was 21.061 billion rubles in 2011.
The bank posted net profit of 17.055 billion rubles in January-November, so profit for December was 4.5 billion rubles.
VTB Group members VTB24 , TransCreditBank (TCB) and Bank of Moscow also raised net profit to RAS in 2012.
VTB24 said in a statement posted on the Central Bank website that it boosted earnings 28% to 36.953 billion rubles. Bank of Moscow's net profit jumped 45% to 8.215 billion rubles and TCB's profit grew 45% to 8.215 billion rubles.
VTB is Russia's second biggest. VTB 24, Bank of Moscow and TCB were the country's fifth, sixth and 13th largest banks by assets at the end of Q3 2012, according to the Interfax-100 ranking at the end of H1 2012.