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Net profit of VTB Group reaches around $4 bln in 9 months

Dmitry Pyanov noted that the results correspond to a return on capital for the first nine months of 26.7%, while the return on capital for the third quarter was 16.3%

MOSCOW, October 26. /TASS/. The net profit of the VTB Group under IFRS for the nine months of 2023 amounted to 375.9 bln rubles ($4.01 bln), First Deputy President and Chairman of the Board of the Bank Dmitry Pyanov told reporters.

"We will publish net profit for the third quarter - 86.1 bln rubles, which brings us, taking into account the already published results of the first and second quarters, to nine-month results of 375.9 bln rubles. That is, almost 376 bln rubles of net profit," he said.

Pyanov noted that the results correspond to a return on capital for the first nine months of 26.7%, while the return on capital for the third quarter was 16.3%. In addition, the he reported net interest income for the Q3 in the amount of 197.9 bln rubles ($2.11 bln). At the same time, the net interest margin amounted to 3.1% in the Q3, and at the end of nine months the figure reached 3.2%.