MOSCOW, March 1. /TASS/. Net profit of VTB Group for 2025 is set at 520 bln rubles ($5.69 bln), according to the presentation of the bank’s strategic goals for 2024-2026.

In 2024 VTB expects 435 bln rubles ($4.76 bln) of net profit, while in 2025 this figure will reach about 520 bln rubles ($5.69 bln), in 2026 - around 650 bln rubles ($7.12 bln).

In addition, according to VTB forecast, the share of the credit market for individuals in 2026 will be 20%, for legal entities - 18%.

At the same time, according to VTB forecast, the key rate in 2026 will be 9% with inflation of 4%.

President and Chairman of the VTB Board Andrey Kostin said at a meeting with members of the shareholders advisory council, analysts, and reporters that 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. "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.