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:

1 - the Most Popular Russian Franchise
Joom Marketplace will Start Selling Products Made by Russian Manufacturers
Running Small Businesses in Moscow and St. Petersburg is Becoming Less Profitable
Russia will Get its Cheese Valley
The Most Demanded Specialists in Russia

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Primorye  Krasnodar Territory  Peter the Great  St. Petersburg  New Films  I Want To Go Home  Russian Emigration  Moscow monuments  Russian Cinema  Moscow  Nizhny Novgorod Region  Universal Credit Rating Group  Marat Safin  English National Opera  Russian Literature  Ski resorts  Russian theatre  Mercedes-Benz Fashion Week Russia  Festivals in Moscow  Russian business  Exhibitions in Yaroslavl  economic crisis  Russian music  Circassian Garden  Bakhrushin Museum  Football  Uralkaly  easyJet   Saint Petersburg animal shelters   Chelyabinsk meteorite  Vasily Pushkin  football in Russia  Russian Desman   space  budget  Victory Day  Pattie Boyd  Russian tourism  Russian Poets  Russian Actresses  Russian rugby  Exhibitions in Moscow  Russian visa  travel to Russia  Aeroflot  Rock Music  buy Russian designers  Victor Slavkin  Rosa Khutor  Russian regions 

Travel Blogs
Top Traveling Sites