The net profit of Otkritie Bank according to RAS in the first quarter amounted to 17.6 billion rubles.
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According to the results of the first quarter, the assets of Otkritie according to RAS increased by 30 billion rubles. or by 1%, up to 3.4 trillion rubles, follows from reporting credit organization. The bank’s net profit amounted to 17.6 billion rubles.
The loan portfolio of Otkritie (before provisions) grew by 189 billion rubles. or by 8%, up to 2.5 trillion rubles. The corporate loan portfolio increased by 11% to RUB 1.7 trillion, and to individuals by 2% to RUB 752 billion.
The bank added that “the volume of customer funds is stable”, as of April 1, it amounted to 2.5 trillion rubles. Funds of legal entities decreased by 3%, to 1.3 trillion rubles, funds of individuals increased by 2%, to 1.1 trillion rubles.
In December 2022, the Central Bank of Russia came out from the capital of FC Otkritie and sold 100% of VTB shares. The deal amounted to 340 billion rubles. In February 2023, the head of VTB Andrey Kostin declaredthat the integration of Otkritie and VTB will take up to two years.
Read more about the deal – in the material “Kommersant” “New Year, New Management”.
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