July 2 16:57
For five months of this year, the VTB group earned a net profit of 233.6 billion rubles. This corresponds to a return on capital 20.3 %, said Dmitry Pyanov, the first deputy chairman of the VTB Board.
“VTB is the main beneficiary in the Russian banking system from reducing interest rates, and a decrease in the key rate that began in June gives us grounds for more optimistic forecasts for 2025. We expect to significantly increase the forecast for a clean interest margin and net profit when publishing six-month financial results, ”the top manager explained.
VTB continues to increase the corporate loan portfolio. By the end of May, the volume of the total loan portfolio before deducting reserves amounted to 23.8 trillion rubles. Earlier, the bank spoke of a credit maneuver – a planned reduction in the lending of individuals. As a result of this maneuver, loans to individuals decreased by 3.6 % in the results of 5 months of 2025. At the same time, in the retail there is a slight increase in delay in unsecured loans issued one and a half to two years ago.
“This is the expected phenomenon, and this is far from peak values during periods when this was not called the problem for financial stability,” Dmitry Pyanov explained. According to him, as the key rate decreases, these loans will also refinance.
“We are going on profit for five months of 2025 against five months of 2024 almost a nostril in the nostril, that is, now we are walking along the record of the record year along net profit. We are still targeting the “silver” result in net profit, but nevertheless, we are going on a par with the “gold” result (551.4 billion rubles in 2024), ”summed up the VTB representative.
