VTB Boosts 9M IFRS net profit 90% to 72.6 bln rubles, above forecast

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VTB Boosts 9M IFRS net profit 90% to 72.6 bln rubles, above forecast

MOSCOW. Dec 8 (Interfax) - VTB boosted net profit to International Financial Reporting Standards (IFRS) 90% year-on-year in January-September to 72.6 billion rubles from 38.8 billion rubles, the bank said in a statement.

This was above the 68.7 billion rubles that analysts predicted in a consensus forecast for Interfax.

VTB said its NPL ratio fell to 5.9% in Q3 2011, from 7.7% in Q2 2011.