18 Jul 2011 14:18

VTB anticipates 4.8% net interest margin in 2011 - Moos

MOSCOW. July 18 (Interfax) - VTB expects to end this year with a net interest margin of 4.8%, the bank's deputy chief Herbert Moos told reporters.

"We expect the margin will be at the first-quarter level, 4.8%, that is," Moos said.

Bank of Moscow will not have a major impact on VTB's profit margin, he said. "Bank of Moscow's results will be positive, but small. I don't expect them to significantly affect the margins of the VTB group," he said.

VTB expects net profit to total 100 billion rubles in 2011, including a net profit of 3 billion rubles at Bank of Moscow.

RTS$#&: MMBM, VTBR