VTB Bank announced that net profits and total assets for 2021 have increased.
The Russian bank said net profit stood at 242.6 billion rubles ($ 3.18 billion) and that net interest income rose 24 percent year on year to 586.1 billion rubles.
The bank said this was mainly due to the increased loan portfolio and the increased volume of its bond portfolio.
Net commission income for the period increased by 13% to 147.9 billion rubles, mainly due to revenues from the bank’s settlement services and brokerage services.
Total assets on January 1 increased by 17% during the period, to 19.1 trillion. Rubles.
“Last year was a record year for VTB Bank in many ways, including both profitability and business growth. The main factor behind the improvement in profitability was the impressive growth in bank revenues and the quality of fixed assets.” , the bank reported.
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Source From: Capital
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