As presidential web page reported, Vladimir Putin received Chairman of the VTB Bank Management Board Andrei Kostin who briefed him on the bank’s performance. As Kostin said, bank’s net profit calculated under International Financial Reporting Standards, grew by 50% to RUR 180 bln ($2.8 bln).
He also noted that “corporate loans portfolio increased by 15% over the year and reached RUR 8.4 tln ($130 bln). SME loans growth was 20%. We issued 300,000 mortgage loans last year and plan to issue 425,000 loans worth a total of RUR 1 tln ($15.5) this year.”
“We believe that our construction loans portfolio, which now equals RUR 300 bln ($4.6 bln), will increase by at least 150% within three years. We also plan to open some 25,000 escrow accounts this year,” VTB Chairman concluded.