VTB net profit for eight months decreased by 4%
Net profit of VTB under IFRS for eight months of 2026 decreased by 4% year-on-year, to 314.8 billion rubles. Assets of the group since the beginning of the year increased by 5.8%, to 39 trillion rubles.
Net profit of VTB under IFRS for eight months of 2026 decreased by 4% year-on-year, to 314.8 billion rubles. Assets of the group since the beginning of the year increased by 5.8%, to 39 trillion rubles.
Net interest income of VTB from January to August increased almost 2.5 times, to 551.9 billion rubles. Commission revenues increased by 23.5% compared to last year and amounted to 243.4 billion rubles. The cost of creating reserves increased by 40.6% to 166.7 billion rubles.
First Deputy Chairman of the Board of VTB Dmitry Pyanov said that the recovery of interest income was “the main driver of our results”. “At the same time, we are continuing the ‘loan maneuver’, replacing the more capital-intensive retail portfolio with lending to high-end corporate borrowers,” he added.
The volume of loans issued for eight months to legal entities has increased by 10.4% since the beginning of the year. Loans to individuals in August since the beginning of the year decreased by 4.7%. The portfolio of retail loans amounted to 7.0 trillion rubles.
