1 Mar 2024 12:32

VTB does not rely on raising capital on market in new strategy, will use profits

MOSCOW. March 1 (Interfax) - VTB in its new development strategy for 2024-2026 has not included raising capital on the market, and it intends to use profits, VTB President and Board Chairman Andrei Kostin said during the presentation of the strategy.

The bank forecasts the capital adequacy ratio on a group basis N20 at 9.4% by the end of 2024 and its growth to 9.7% in 2025, then to 10.6% in 2026.