Wednesday, June 1, 2011

VTB has returned 15 billion

A special VTB Group for distressed debtors company "VTB Debt Centre" returned 15 out of 70 billion more bad debts. Recall that VTB Bank - the second largest asset and the amount of the authorized capital of Russian commercial banks. The main shareholder - the state. According to Russian Accounting Standards (RAS) assets of VTB Bank as of March 1, 2010 amounted to 2,444 billion rubles. compared to 2,590 billion rubles. February 1 and 2, 673 billion rubles. at the beginning of 2010. The size of the corporate loan portfolio has exceeded 1,408 billion rubles. compared to 1,445 billion rubles. on 1 February and 1 431 billion rubles. on January 1, 2010. The amount of funds on accounts and deposits of corporate clients on March 1, 2010 amounted to 875 billion rubles. compared with 981 billion rubles. on February 1, 2010. Net income for the February 2010 exceeded 7.04 billion rubles. due to a stable level of core income. Unconsolidated financial results prepared in accordance with Russian accounting standards IFRS for the parent company - JSC VTB Bank.

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