VTB increased its loan portfolio by 3%

The second largest Russian bank in Russia - VTB for the last 5 months of this year was 21.9 billion rubles of net profit under Russian Accounting Standards (RAS). A year ago, during the same period, the bank received a loss. During January-May 2010 the loan portfolio grew by 3%. About this today said the head Andrei Kostin, VTB at the annual meeting of shareholders. "We do have reports only on RAS: Net Profit for the five months totaled 21.9 billion rubles against the loss of more than 24 billion rubles last year.'s Loan portfolio grew by 3%, or 44 billion rubles," - said Kostin. VTB's net profit under RAS in January-April amounted to 15.8 billion rubles. Thus, the May bank earned 6.1 billion rubles. In addition, Costin reiterated that no repurchase of shares from minority shareholders in 2010 will not. "There is currently no planned a separate purchase of acacias, the only way - to increase the value of shares for all", - considers the head of VTB. Recall that one of the largest minority-natural persons VTB Vasily Sidorov, shortly before the annual meeting, said in an interview with RIA Novosti that minority shareholders will continue to raise the question of the need to repurchase shares, which are currently traded in a much cheaper price of the accommodation in the "popular IPO" . VTB shares are traded on the Russian and London stock exchanges, its shareholders are thousands of Russian citizens.