VTB expects about 400 billion rubles of net profit for the year – Kommersant
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VTB’s net profit for the first half of the year amounted to 289 billion rubles. according to IFRS, follows from the bank’s materials for the meeting of the head of VTB Andrey Kostin with President Vladimir Putin. Excerpts from the materials are given by Russian state agencies. At the end of 2023, VTB expects about 400 billion rubles. net profit.
At the end of 2022, VTB Group received losses in the amount of 756.8 billion rubles. under RAS (613 billion rubles under IFRS). Because of this, bank shareholders decided not pay dividends. Nevertheless, Mr. Kostin claimsthat, thanks to the sanctions, the bank “developed a certain immunity and increased its sovereignty.” The head of VTB also believes that Western sanctions against the Russian banking sector have destroyed the global trading system and led to higher inflation.
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