VTB’s net profit for January-February 2024 decreased by a third – Kommersant
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VTB Group net profit (MOEX: VTBR) according to IFRS for the first two months of 2024 decreased by 33.2% compared to the same period last year, to 61.3 billion rubles. Net profit before tax decreased to RUB 71.8 billion. from 109.9 billion rubles. in the same period of 2023, the company’s report says.
VTB’s net interest income for two months decreased to 107.1 billion rubles. (-3.1%) (.xlsx). Net commission income increased to RUB 33.4 billion. (+29%). Net interest margin was 2.4% compared to 3% in the same period last year.
The volume of the total loan portfolio before provisions amounted to 21.9 trillion rubles (+4.2%). Loans to legal entities increased to RUB 14.9 trillion. (+6.1%), for individuals – up to 7 trillion rubles. (+0.4%).
IN press release The company said that according to the results of the first quarter of 2024, VTB plans to receive more than 100 billion rubles. net profit according to IFRS. The results for the first two months of this year correspond to the company’s expectations for this indicator, the material says.
Read more about the company’s development strategy in the Kommersant text. “Plans for a new time”.
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