VTB Group increased 3-month net profit by 113.8%

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AK&M 04 May 2021 23:50

Net profit of VTB Group for the first quarter of 2021 increased by 113.8% compared year-on-year to RUB 85.1 billion, the group informed.

The group's net interest income for 1Q21 increased by 21.6% to RUB 145.6 billion from RUB 119.7 earned in January-March 2020.

3-month net fee & commission income increased by 19.1% to RUB 38.6 billion from RUB 32.4 billion for the same period in 2020.

The group's assets increased by 2.5% to RUB 18.6 trillion from RUB 18.1 trillion.

VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all the key segments of the financial market. In the CIS, the group is active in Armenia, Ukraine, Belarus, Kazakhstan, Azerbaijan. VTB's banks in Austria, Germany and France are operating as parts of the European sub-holding led by VTB Bank (Austria). Besides, the group has subsidiary and affiliate banks in the UK, Cyprus, Serbia, Georgia and Angola, as well as one VTB branch in China and India, two VTB Capital Plc branches in Singapore and Dubai.