VTB wants to increase the loan portfolio of small and medium-sized businesses by 40% by 2027
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VTB (MOEX: VTBR) plans to increase the loan portfolio of small and medium-sized businesses by 40% by the end of 2026. It is expected that by this time the client base will grow 1.5 times, said Deputy President and Chairman of the Board Denis Bortnikov.
“By 2026, we plan to increase the loan portfolio of SMB clients by 1.4 times, as well as increase the market share of financing entrepreneurs and enterprises,” says Mr. Bortnikov in a statement (his words are quoted in the press release). He named business support, infrastructure and economic transformation as priorities for the bank for the next three years.
VTB intends to continue supporting large-scale infrastructure, industrial, agricultural, and construction projects in all regions and provide micro and small businesses with “easy loans.”
VTB’s loan portfolio in the small and medium-sized business segment at the end of 2023 exceeded RUB 3.1 trillion. It increased by 27%, which is higher than the growth rate of the corporate lending market. The share of preferential programs exceeds 22%: most of all under the Ministry of Agriculture program No. 1528 (235.6 billion rubles) and the Ministry of Economy program No. 1764 (169 billion rubles).
About profits in the banking sector in 2023 – in the material “Kommersant” “Profits have increased for the future”.
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