VTB strategy includes an increase in net profit to 520 bln rubles in 2025

MOSCOW. March 1 (Interfax) - VTB's IFRS net profit in 2025 could reach 520 billion rubles, the bank said at the presentation of its three-year strategy on Friday.

This is the year for which VTB plans to return to paying dividends after a pause of several years.

VTB earned a record IFRS net profit of 432.2 billion rubles in 2023. This year, as reported, the bank plans to at least repeat that result, earning 435 billion rubles. The bank's three-year strategy shows a 50% increase in profit by 2026 compared to the plan for 2024 to about 650 billion rubles.

"We have outlined quite ambitious targets in terms of financial results. We plan for our profit to increase to about 650 billion rubles [in 2026], that the market share in assets will be at least 18% and at least 15% in foreign economic activity," CEO of VTB Andrey Kostin said at the presentation.