IFRS net profit of VTB Leasing Group for 2020 increased by 4% year-on-year to reach RUB 13.7 billion. The group's consolidated leasing portfolio increased by 11% to RUB 447.8 billion in 2020. The group's revenue remained flat year-on-year at RUB 58.1 billion, VTB informed.
VTB Leasing signed more than 29,000 new contracts in 2020, providing services to over 28,000 legal entities and sole proprietors.
At the start of 2021, the main constituents of VTB Leasing's portfolio included aircraft (40%), railway vehicles (40%), cars and trucks (11%).
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.
