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VTB expects over $1.28 bln in net profit for Q1

First Deputy President and Chairman of the Management Board Dmitry Pyanov noted that VTB had not yet revised its full-year net profit target

MOSCOW, April 9. /TASS/. VTB Bank expects to report net profit exceeding 100 bln rubles ($1.28 bln) at the disclosure of its results for the Q1 of 2026, First Deputy President and Chairman of the Management Board Dmitry Pyanov told reporters.

"We have estimates. The first-quarter disclosure will take place at the end of April. Everything is proceeding according to plan. It will be a triple-digit profit disclosure in billions of rubles," he said.

Pyanov also noted that VTB has not yet revised its full-year net profit target. "We have not revised it. We have only just set the target. Any revision of targets — and even then only in terms of narrowing the range of 600-650 bln rubles — will be made based on the results of the six-month disclosure," he said.

VTB Group’s net profit under International Financial Reporting Standards (IFRS) totaled 141.2 bln rubles ($1.81 bln) in the Q1 of 2025.

In February 2026, Pyanov said that VTB Group’s net profit for the Q1 of this year could reach 150 bln rubles ($1.92 bln).