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VTB expects net profit to grow to around $7.1 bln by end of 2026

The market share by assets within the framework of the strategy should reach at least 18% and VTB plans to occupy at least 15% in foreign economic activities

MOSCOW, March 1. /TASS/. VTB has included in its three-year strategy an increase in net profit under IFRS to around 650 bln rubles ($7.1 bln) at the end of 2026, President and Chairman of the VTB Board Andrey Kostin said at a meeting with members of the shareholders advisory council, analysts, and reporters.

"By 2026, we plan that our profit will grow to about 650 bln rubles," Kostin said, clarifying that he meant the results of 2026.

The market share by assets within the framework of the strategy should reach at least 18% and VTB plans to occupy at least 15% in foreign economic activities.

At the end of 2023, VTB Group received a record net profit of 432.2 bln rubles ($4.7 bln) under IFRS after a loss of 667.5 bln rubles ($7.3 bln) a year earlier.

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