Arab Today, arab today vtb group\s first half net profit skyrockets 114
Last Updated : GMT 21:26:48
Arab Today, arab today
Arab Today, arab today

VTB group\'s first half net profit skyrockets 114 %

Arab Today, arab today

Arab Today, arab today VTB group\'s first half net profit skyrockets 114 %

Moscow - Ria Novosti

Russia's VTB group, which includes the country's second largest VTB bank, saw its first half 2011 net profit jump 113.5 percent year-on-year to 53.6 billion rubles ($1.85 billion) to IFRS, the bank said in a statement on Wednesday. VTB's return on equity reached 18.1 percent in January-June this year compared to 9.7 percent in the same period in 2010, while operating income before provisions rose 45.2 percent to 153.0 billion rubles. "Net interest income including net recovery of losses on initial recognition of financial instruments and loan restructuring amounted to 105.0 billion rubles for the first six months of 2011, up 21.4 percent year-on-year," VTB said. Staff costs and administrative expenses increased 53.3 percent to 67.3 billion rubles due to the consolidation of TransCreditBank from last December, the expansion of VTB24's retail branch network, and higher revenues in the key operating segments. The non-performing loan ratio shrank to 7.7 percent of total gross loans as of June 30, 2011 compared to 8.6 percent at the end of the first quarter of this year. The volume of corporate loans stood at 2.668 trillion rubles compared to 2.518 trillion rubles at the beginning of the year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vtb group\s first half net profit skyrockets 114 Arab Today, arab today vtb group\s first half net profit skyrockets 114

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today vtb group\s first half net profit skyrockets 114 Arab Today, arab today vtb group\s first half net profit skyrockets 114

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday