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VTB 24 increased credit portfolio.

In IH 2014 VTB 24 increased the credit portfolio 12% to gain 1.6tril rub., as it was informed by the Bank.

The assets were pushed up 12%. The total volume of raised funds exceeded 1.54tril rub. In IH the 158.5bn rub. worth mortgage credits were released to cover 20% on this market.

VTB 24 (TIN 7710353606) is a sub of VTB. It provides the servicing of the private persons and small-size entities. It is ranked as one of 30 largest banks in Russia. The major holder is VTB (98.9%). The share capital is equal to 50.6bn rub. The Bank has 547 branches in 69 regions of Russia. In Nov. 2013 TransCreditbank was acquired.

The 2013-net profit (IAS) lost 39.9% to come to 22.196bn rub.; pretax profit being down 39.2% to 28.527bn rub. from 46.946bn rub.

The IH 2014 net profit increased 4% (RAS) to 10.747bn rub. from 10.353bn rub.; pretax profit dropped 23% to 10.388bn rub. from 13.504bn rub

"AK&M", 28.07.2014


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