VTB Bank Profit Increases 74% in First Five Months of 2018
June 27 2018 - 1:16PM
Dow Jones News
By Adam Clark
VTB Bank (VTBR.MZ) said Wednesday that its profit rose by 74% in
the first five months of 2018 compared with 2017.
The Russian lender said it made a net profit of 87.1 billion
rubles ($1.38 billion) for the period to the end of May.
Net interest income came to RUB198.6 billion, up 5.1% compared
with the year-earlier period, VTB said. The bank's net interest
margin was maintained at 4.1%.
Total customer deposits are up 6% in 2018 to-date, reaching
RUB9.69 trillion as of May 31. The company's Common Equity Tier One
ratio, a key measure of capital strength, stood at 12.2%, down from
12.6% at the start of the year.
Write to Adam Clark at adam.clark@dowjones.com
(END) Dow Jones Newswires
June 27, 2018 13:01 ET (17:01 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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