VTB increases the forecast for net profit by 2025 to 500 billion rubles against the background of a decrease in the key rate

VTB Bank revised its forecast for net profit for 2025, increasing it from 430 to 500 billion rubles. The main factors of this solution were a decrease in the cost of attracting capital and the expected further decrease in the key rate of the Central Bank.

“Earlier, we assumed that the key rate will remain at the level of 21 % throughout the year. However, now we expect additional reductions, in addition to the already two. In this regard, we lay the average key rate at 19.1 %in the forecast, ”said Dmitry Pyanov, First Deputy Chairman of the VTB.

According to the top manager, VTB is one of the main beneficiaries of reducing the key rate, which is manifested in a significant increase in the profitability of the bank.

The VTB net profit for the first six months of the current year amounted to 280.4 billion rubles, which is 1.3 % higher than the same period last year (277.1 billion rubles).