OREANDA-NEWS. Vneshtorgbank (VTB) announced its consolidated IFRS financial results of VTB Group for the first half of 2006.

VTB Group’s consolidated net profit for 1H2006 was U.S.$576 million, up 294.5%, a record level in the Group’s history.

This increase was underpinned by a 95.9% growth in core revenue to U.S.$1,753 million.

Accordingly, net interest income rose by U.S.$319 million (75.2%), and net fee and commission income rose by U.S.$82 million (103.8%) as compared to 1H2005.

Interest income grew to U.S.$1,571, up 94.2%, fee and commission income rose to U.S.$182 million, up 111.6%, resulting in a 95.9% total core revenue growth to U.S.$1,753 million.