US declaration on UN reform is not organization’s document - LavrovRussian Politics & Diplomacy September 24, 13:34
US not to strike on DPRK as it is aware Pyongyang has nuclear weapon - LavrovRussian Politics & Diplomacy September 24, 13:32
US forces assist Syrian opposition force in crossing IS positionsRussian Politics & Diplomacy September 24, 12:55
Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
Lavrov blames Obama administration for souring Russia-US tiesRussian Politics & Diplomacy September 22, 20:41
Waging war on Korean Peninsula inadmissible, says LavrovRussian Politics & Diplomacy September 22, 20:36
Russian Northern Fleet completes drills in ArcticMilitary & Defense September 22, 18:01
MOSCOW, September 28. /TASS/. VTB Group net loss under the International Financial Reporting Standards (IFRS) for 8 months of 2015 amounted to 14.6 bln rubles ($223.05 mln), the bank said Monday.
At the same time VTB reported that in August of 2015 the net profit amounted to 400 mln rubles ($6.1 mln).
The profit earning of VTB in August was influenced by the growth in net interest margin from 2.1% to 3.2%, increase in net commission income to 6.3 bln rubles ($96.1 mln) in August and 44.9 bln rubles ($684.9 mln) for 8 months of 2015, increasing by 43.2% and 20.1% compared to the same period last year.
Expenses on creation of reserves in January-August of 2015 decreased by 17.6% compared to the same period last year.
Total VTB expenses for creating reserves for impairment of financial assets and liabilities amounted to 109.7 bln rubles ($1.67 bln), which is 23.5 bln rubles ($359.03 mln) less than a year earlier.
Corporate lending before allowance increased by 5.3% over 8 months of 2015, loans to individuals decreased by 1.5%.
The share of non-performing loans (NPL) in the total loan portfolio amounted to 6.9% as of August 31, 2015, decreasing by 10 basis points compared to June 30, 2015.