Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  Bank VTB PAO    VTBR   RU000A0JP5V6

BANK VTB PAO

(VTBR)
  Report  
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

VTB Bank : Azerbaijan intends to increase volume of loan portfolio

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/19/2019 | 11:46am EDT

Baku, Azerbaijan, July 19

By Kheyraddin Nasirzade - Trend:

VTB Bank Azerbaijan intends to increase lending during the third quarter of 2019, Chairman of the Management Board of VTB Bank (Azerbaijan) Yevgeniy Kirin said at a meeting with journalists, Trend reports.

He noted that according to the results of the second quarter of this year, the bank’s net profit amounted to about 5 million manats, and according to international financial reporting standards, the bank predicts a net profit of 10 million manats. He also added that the bank intends to increase profits during the second half of the year, financing economic growth.

The chairman went on to say that there is excess liquidity in the market, and that it is necessary to increase the pace of lending to the economy, particularly with regards to lending to small-sized, medium-sized and corporate enterprises. He also noted that lending to natural persons is growing at a faster rate, as can be inferred from data on the first two quarters of the current year.

“In order for growth to be long-term and sustainable, we need to increase the figure in the corporate segment, including small- and medium-sized enterprises (SMEs). We have plans to increase lending to the corporate segment in the third quarter by 20 percent compared to the second quarter,” Kirin said.

It was also noted that the growth rate of the loan portfolio was slightly reduced during the second quarter, which, Kirin said, will be increased in the next quarter. He explained this with the banks having done a lot of work in connection with the payment of compensations under the decree on problem loans and started the active stage of loan restructuring.

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BANK VTB PAO
09/16BANK VTB : Russian digital major Yandex launches an investment portal with VTB B..
AQ
09/11U.S. Sanctions Tighten Putin's Circle, Extend Kremlin's Reach
DJ
09/09BANK VTB : Russian Bank Threatens Mozambique
AQ
09/09Russia's VTB denies it is in talks with Chinese firms on EN+ investment
RE
09/05BANK VTB : VTB Group announces IFRS results for July and 7 months of 2019
EQ
09/03GLENCORE : Russia's VTB plans to enter grain markets in Africa, Middle East and ..
RE
08/27EXCLUSIVE : French investigators focus on Dentsu partner in sports corruption pr..
RE
08/27BANK VTB : VTB-FX and Rates Comment
AQ
08/26BANK VTB : Government 'Checking the Position' of VTB
AQ
08/26BANK VTB : Russia's VTB bank asks Kremlin to control lucrative grain exports
AQ
More news
Financials (RUB)
Sales 2019 600 B
EBIT 2019 423 B
Net income 2019 176 B
Debt 2019 -
Yield 2019 6,83%
P/E ratio 2019 3,48x
P/E ratio 2020 3,42x
Capi. / Sales2019 0,01x
Capi. / Sales2020 0,01x
Capitalization 8 495 M
Chart BANK VTB PAO
Duration : Period :
Bank VTB PAO Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 0,05  RUB
Last Close Price 0,04  RUB
Spread / Highest target 55,9%
Spread / Average Target 24,3%
Spread / Lowest Target -5,53%
EPS Revisions
Managers
NameTitle
Andrey Leonidovich Kostin Chairman-Management Board & President
Anton Germanovich Siluanov Chairman-Supervisory Council
Herbert Moos Chief Financial Officer
Artur Matthias Warnig Member-Supervisory Council
Serguei Konstantinovich Dubinin Member-Supervisory Council
Sector and Competitors
1st jan.Capitalization (M$)
BANK VTB PAO8 676
JP MORGAN CHASE & COMPANY23.16%380 956
BANK OF AMERICA22.28%280 459
INDUSTRIAL AND COMMERCIAL BANK OF CHINA5.29%272 434
WELLS FARGO & COMPANY6.29%215 811
CHINA CONSTRUCTION BANK CORPORATION12.09%197 863