Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

VTB Certain to Reach $3bn Target
24.12.2012 22:55
VTB Certain to Reach $3bn Target

With a record third quarter total of 26.6 billion roubles, or some $800 million, the bank is on track to generate the 90 billion rouble target ($3 billion) it achieved last year. 


Herbert Moos, Deputy President and Chairman of VTB Bank Management Board, praised the bank's results pointing to the huge potential VTB has to develop further.


The bank boasts a unique business model and its shares are undervalued, he said. Even today it generates a return on capital worth a remarkable 15 percent. 


Retail and transaction banking are the key drivers of growth, with retail credits up 25-27 percent, far ahead of the pace of corporate lending, Moos said. ING analyst Egor Fyodorov says the bank is very likely to boost its share in the retail.


Author: Mikhail Vesely

Tags: VTB Russian banks Andrey Kostin   

Next Previous

You might also find interesting:

Russians Prefer Fast-food Restaurants
The Eastern Economic Forum Business Program
The Bank of Russia has Conducted a Survey of Microlenders
The Board of Directors of Aeroflot PJSC Elected Vitaly Savelyev as its General Director
The New Russian Law Abolishes the State Duty for the Restoration of Documents Lost as a Result of Emergencies

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Vologda Regions  Mercedes-Benz Fashion Week Russia  eBay  anniversary  St. Petersburg  Angela Merkel  Russian Cinema  Russian church  Russian tourism  Theatre Festivals  Festivals in Moscow  energy  Stavropol Territory  deer monument  Russian shops  Russian children  Zenit St. Petersburg  Natalya Tenyakova  Toronto International Film Festival  Kaliningrad  Exhibitions in Moscow  Russian billionaires  Lopukhinsky garden  Frantz Josef Land  Gregorian  Russian television  Kirov Region  Tolbachek Volcano  Moscow  Central House of Artist  Russian business  Fashion Futurum  the Maliy Theatre  Chizh  Sochi  Konstantin Rudakov  public transport  Exhibition in Moscow  Tomsk  Spasskaya Tower Festival  Russian airlines  Russian research  Elections 2012  Ration Cards  Russian Literature  Russian society  Kirghizia  Volgograd Region  Russian Rock Music  Russian history 

Travel Blogs
Top Traveling Sites