OREANDA-NEWS. On September 27, 2007 VTB, Russia’s leading universal banking group, has announced its consolidated IFRS financial results for 1H2007, reported the press-centre of VTB.

By the end of June 2007, the VTB Group’s total assets increased by 26,4% to US$66,223 million. Total gross loan portfolio of the Group grew by 21,7% to US$36,811 million, with loans to individuals up by 62,1% outperforming market averages. Net interest income before provisions increased by 26,4% year-on-year to US$1,004 million, and net fee and commission income went up by 65,8% amounting to US$267 million. In the reporting period, operating income of the Group increased by 14,2% to US$1,477 million from US$1,293 million in the first six months of 2006.

Full report see here: http://www.vtb.ru/rus/web.html?s1=24&s2=1000&s3=1&l=2