DGAP-Regulatory: VTB Group announces IFRS results for May and first 5 months of 2016 (news with additional features)
Dienstag, 28.06.2016 10:00 von DGAP
JSC VTB Bank / Miscellaneous - Medium Priority
VTB Group announces IFRS results for May and first 5 months of 2016 (news
with additional features)
28-Jun-2016 / 09:55 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS,
LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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VTB Group announces IFRS results for May and first 5 months of 2016
VTB Bank ('VTB' or 'the Bank'), the parent company of VTB Group ('the
Group'), today publishes its unaudited consolidated IFRS results for May
2016 and the 5 months ended 31 May 2016.
Income Statement
- Net profit was RUB 0.5 billion in May and RUB 1.8 billion in 5M 2016
versus net profit of RUB 0.1 billion and net loss of RUB 19.1 billion
in May and 5M 2015, respectively. Net operating income before
provisions grew 67.5% year-on-year in May and 33.3% year-on-year in 5M
2016;
- Net interest income was RUB 35.0 billion in May 2016, up 58.4% year-on-
year, and RUB 167.5 billion in 5M 2016, up 95.9% year-on-year. The
growth of net interest income was driven by continuing recovery of net
interest margin (3.8% in May and 3.5% in 5M 2016, versus 2.5% in May
and 1.9% in 5M 2015);
- Net fee and commission income was RUB 6.3 billion in May and RUB 30.0
billion in 5M 2016, up 21.2% and 14.5% year-on-year, respectively;
- Total provision charges for impairment of debt financial assets and for
impairment of other assets, credit related commitments and legal claims
amounted to RUB 20.3 billion in May and RUB 76.2 billion in 5M 2016, up
160.3% and 6.7% year-on-year, respectively. The Group's cost of risk
was 2.2% in May and 1.6% in 5M 2016, versus 1.1% in May and 1.8% in 5M
2015;
- Staff costs and administrative expenses amounted to RUB 19.2 billion in
May and RUB 100.1 billion for 5M 2016, up 12.9% and 12.6% year-on-year,
respectively. The Group's cost-to-income ratio was 46.6% in May and
52.2% for 5M 2016, versus 65.7% in May and 62.4% for 5M 2015.
Statement of Financial Position
- The Group's total assets amounted to RUB 12,417.3 billion at 31 May
2016, up 1.0% in May and down 9.0% year-to-date. Gross loans and
advances to customers grew 2.3% in May and contracted 7.9% in 5M 2016.
Gross loans to legal entities increased by 2.5% in May and contracted
10.7% in 5M 2016, while gross loans to individuals increased by 1.4% in
May and by 3.6% in 5M 2016;
- The NPL ratio was 7.2% of total gross loans at 31 May 2016, up 10 bps
month-on-month and 90 bps year-to-date. The NPL coverage ratio at 31
May 2016 was 103.8% (30 April 2016: 103.0%, 31 December 2015: 105.8%);
- Total customer deposits grew 1.2% in May and 9.0% year-to-date,
reaching RUB 7,917.8 billion at 31 May 2016. Deposits from legal
entities grew 0.9% in May and 15.8% in 5M 2016, while deposits from
individuals grew 1.7% in May and contracted 1.4% in 5M 2016;
- Debt securities issued amounted to RUB 483.0 billion at 31 May 2016,
down 22.5% year-to-date;
- The adjusted loan-to-deposit ratio was 100.8% as of 31 May 2016 (30
April 2016: 101.0%, 31 December 2015: 104.9%);
- As of 31 May 2016 Tier 1 CAR was 13.9% (30 April 2016: 13.9%, 31
December 2015: 12.4%), and total CAR was 15.8% (30 April 2016: 15.8%,
31 December 2015: 14.3%).
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=LTWRQDOMRS
Document title: VTB 5M Financial Highlights
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28-Jun-2016 The EquityStory.RS, LLC Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
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Language: English
Company: JSC VTB Bank
12, Presnenskaya emb.
Moscow
Russia
Phone: +7 (495) 739-77-99
Fax: +7 (495) 739-77-99
E-mail: info@vtb.ru
Internet: www.vtb.com
ISIN: US46630Q2021
Listed: Foreign Exchange(s) London
Category Code: MSCM
TIDM: VTBR
Sequence Number: 3228
Time of Receipt: 28-Jun-2016 / 09:55 CET/CEST
End of Announcement EquityStory.RS, LLC News Service
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