VTB Bank public joint stock : Group IFRS Unaudited Financial Highlights as of 28 February 2021

VTB Group IFRS Unaudited Financial Highlights

P&L highlights (in RUB bn)	02m'2021	02m'2020	y-o-y
Net interest income	94.6	76.5	23.7%
Net fee and commission income	24.0	17.6	36.4%
Other operating income	4.9	19.2	-74.5%
Net operating income before provisions	123.5	113.3	9.0%
Provision charge for credit losses and other	(8.4)	(18.0)	-53.3%
provisions
Staff costs and administrative expenses	(41.8)	(43.8)	-4.6%
Profit before tax	73.3	51.5	42.3%
Income tax expense	(14.9)	(12.7)	17.3%
Net profit	58.4	38.8	50.5%
Performance indicators	02m'2021	02m'2020	y-o-y
NIM	3.7%	3.6%	10 bp
NCM	0.8%	0.7%	10 bp
CoR	0.4%	1.0%	-60 bp
CIR	33.8%	38.6%	-480 bp
Cost / Assets	1.4%	1.7%	-30 bp
ROA	2.0%	1.5%	50 bp
ROE	20.4%	14.1%	630 bp

The unaudited financial information set forth above represents management data which has been prepared on the basis consistent with IFRS, however its preparation involves approximations and where relevant extrapolation of quarter-end data. It is preliminary and subject to adjustments and modifications that may be identified when preparing quarter-end and/or year-end consolidated financial statements of VTB Bank and its subsidiaries (the "Group"). Such adjustments and modifications could result in certain differences from this preliminary unaudited financial information. Therefore, this unaudited financial information may not be fully consistent with the Group's IFRS consolidated financial statements.

Some of the information in this release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. These statements are not guarantees of future performance and involve risks, uncertainties and other important factors which cannot be predicted with certainty, and the actual outcomes and results may materially differ from what is expressed or forecasted in the forward-looking statements. These forward-looking statements speak only as at the date of this release and are subject to change without notice. These statements will not be updated to make them conform with actual results.

VTB Group IFRS Unaudited Financial Highlights
Balance sheet highlights (in RUB bn)	2/28/2021	ytd	12/31/2020
Cash and short-term funds	1,202.4	-2.2%	1,229.5
Financial assets	1,881.0	2.6%	1,833.5
Due from other banks, including pledged under repurchase agreements	1,127.2	34.5%	837.9
Loans and advances to customers, including pledged under repurchase	13,215.2	0.4%	13,162.6
agreements (gross)
- Loans to legal entities, gross	9,244.6	-0.7%	9,305.4
- Loans to individuals, gross	3,970.6	2.9%	3,857.2
Allowance for loan impairment	(910.9)	1.4%	(898.2)
Other assets	2,008.7	1.6%	1,976.9
Total assets	18,523.6	2.1%	18,142.2
Due to other banks and Other borrowed funds	1,628.0	-24.1%	2,146.2
Customer deposits	13,704.7	6.8%	12,831.0
- Deposits from legal entities	7,963.3	12.2%	7,095.1
- Deposits from individuals	5,741.4	0.1%	5,735.9
Debt securities issued	206.6	-4.2%	215.7
Subordinated debt	325.9	2.9%	316.7
Other liabilities	840.1	-7.7%	910.0
Total liabilities	16,705.3	1.7%	16,419.6
Total equity	1,818.3	5.6%	1,722.6
Balance sheet and asset quality indicators	2/28/2021	ytd	12/31/2020
NPL ratio	5.6%	-10 bp	5.7%
NPL coverage	122.7%	210 bp	120.6%
LDR	89.8%	-580 bp	95.6%
Leverage	9.2	-3.2%	9.5

The unaudited financial information set forth above represents management data which has been prepared on the basis consistent with IFRS, however its preparation involves approximations and where relevant extrapolation of quarter-end data. It is preliminary and subject to adjustments and modifications that may be identified when preparing quarter-end and/or year-end consolidated financial statements of VTB Bank and its subsidiaries (the "Group"). Such adjustments and modifications could result in certain differences from this preliminary unaudited financial information. Therefore, this

unaudited financial information may not be fully consistent with the Group's IFRS consolidated financial statements.

Some of the information in this release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. These statements are not guarantees of future performance and involve risks, uncertainties and other important factors which cannot be predicted with certainty, and the actual outcomes and results may materially differ from what is expressed or forecasted in the forward-looking statements. These forward-looking statements speak only as at the date of this release and are subject to change without notice. These statements will not be updated to make them conform with actual results.

			VTB Group IFRS Unaudited Financial Highlights (Analysis by Segment)
P&L highlights			Medium and Small							Other (1)
	CIB	Retail	Treasury	Corporate center		Total
(in RUB bn)		business
Net interest income before treasury result allocation	29.9	11.0	34.2		22.3	0.0		-2.8	94.6
Treasury result allocation	4.5	2.2	7.0		-23.0	8.9		0.4	-
Net interest income, including treasury result allocation	34.4	13.2	41.2		-0.7	8.9		-2.4	94.6
Net fee and commission income	4.2	4.8	14.3		0.6	-		0.1	24.0
Other operating income
12.2	0.2	-6.1		0.3	-1.4		-0.3	4.9
Net operating income before provisions
50.8	18.2	49.4		0.2	7.5		-2.6	123.5
(Provision charge) / reversal of provision for credit losses
-0.2	-0.7	-7.3		-0.2	0.0		0.0	-8.4
on debt financial assets and other provisions
Staff costs and administrative expenses		-11.5	-6.9	-16.4		-	-6.2		-0.8	-41.8
Segment result: profit before taxation
39.1	10.6	25.7		-	1.3		-3.4	73.3
Income tax expense
	-7.8	-2.1	-5.2		-	-0.4		0.6	-14.9
Net profit / (loss)	31.3	8.5	20.5		-	0.9		-2.8	58.4
Balance sheet highlights			Medium and Small							Other (1)
	СIB	Retail	Treasury	Corporate center		Total
(in RUB bn)		business
Cash and short-term funds		88.1	8.7	179.4		926.2	-		-	1,202.4
Due from other banks		436.5	0.1	2.3		688.3	-		-	1,127.2
Loans and advances to customers (net)
	6,956.2	1,467.1	3,672.6		269.2	(65.4)		4.6	12,304.3
Loans and advances to customers (gross)
	7,363.6	1,631.1	3,931.8		284.1	-		4.6	13,215.2
Allowance for loan impairment		(407.4)	(164.0)	(259.2)		(14.9)	(65.4)		-	(910.9)
Other financial instruments		846.4	0.7	276.7		747.8	0.4		9.0	1,881.0
Other assets items		997.4	120.9	360.4		155.2	58.8		316.0	2,008.7
Net amount of intersegment settlements
	-	475.3	1,525.4		50.7	51.9		(2,103.3)	-
Segment assets		9,324.6	2,072.8	6,016.8		2,837.4	45.7		(1,773.7)	18,523.6
Due to other banks and other borrowed funds	755.8	2.8	8.1		861.3	-		-	1,628.0
Customer deposits	5,682.0	1,861.3	5,106.4		1,053.6	-		1.4	13,704.7
Debt securities issued	23.2	19.8	133.1		30.5	-		-	206.6
Subordinated debt	-	-	-		325.9	-		-	325.9
Other liabilities items	363.3	35.6	360.2		6.9	27.7		46.4	840.1
Net amount of intersegment settlements
1,767.0	-	-		-	-		(1,767.0)	-
Segment liabilities	8,591.3	1,919.5	5,607.8		2,278.2	27.7			(1,719.2)	16,705.3

(1) Including segment "Other" and intersegment eliminations

The unaudited financial information set forth above represents management data which has been prepared on the basis consistent with IFRS, however its preparation involves approximations and where relevant extrapolation of quarter-end data. It is preliminary and subject to adjustments and modifications that may be identified when preparing quarter-end and/or year-end consolidated financial statements of VTB Bank and its subsidiaries (the "Group"). Such adjustments and modifications could result in certain differences from this preliminary unaudited financial information. Therefore, this unaudited financial information may not be fully consistent with the Group's IFRS consolidated financial statements.

Some of the information in this release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group. Such forward-looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. These statements are not guarantees of future performance and involve risks, uncertainties and other important factors which cannot be predicted with certainty, and the actual outcomes and results may materially differ from what is expressed or forecasted in the forward-looking statements. These forward-looking statements speak only as at the date of this release and are subject to change without notice. These statements will not be updated to make them conform with actual results.

АSSETS SUPPLEMENTARY TO BANKING BUSINESS

as of 28 February 2021

P&L highlights	Long-term Investments	Non-bank digital assets		Assets credit
(in RUB bn)		workout
	CIB	Medium and Small	Retail	Corporate	Other
	business	centre
Net interest income before treasury result allocation	(1.5)	-	0.2	-	(2.8)
Treasury result allocation	0.2	-	-	-	0.4
Net interest income, including treasury result allocation	(1.3)	-	0.2	-	(2.4)
Net fee and commission income	-	-	-	-	0.1
Other operating income	1.6	-	(0.3)	-	0.5
Net operating income before provisions	0.3	-	(0.1)	-	(1.8)
(Provision charge) / reversal of provision for credit losses
on debt financial assets and other provisions	(0.1)	-	-	-	-
Staff costs and administrative expenses	-	-	-	-	(0.4)
Segment result: profit before taxation	0.2	-	(0.1)	-	(2.2)
Income tax expense	(0.2)	-	-	-	0.4
Net profit / (loss)	-	-	(0.1)	-	(1.8)
Balance sheet highlights	Long-term Investments	Non-bank digital assets		Assets credit
(in RUB bn)		workout
	CIB	Medium and Small	Retail	Corporate	Other
	business	centre
Cash and short-term funds	-	-	-	-	-
Due from other banks	-	-	-	-	-
Loans and advances to customers (net)	51.1	-	-	-	4.6
Loans and advances to customers (gross)	51.2	-	-	-	4.6
Allowance for loan impairment	(0.1)	-	-	-	-
Other financial instruments	37.6	-	-	-	9.0
Other assets items	246.7	1.2	1.7	0.5	229.5
Net amount of intersegment settlements	-	0.3	31.2	-	-
Segment assets	335.4	1.5	32.9	0.5	243.1
Due to other banks and other borrowed funds	-	-	-	-	-
Customer deposits	30.6	-	31.1	-	1.4
Debt securities issued	-	-	-	-	-
Subordinated debt	-	-	-	-	-
Other liabilities items	13.4	0.2	0.2	-	46.4
Net amount of intersegment settlements	301.6	-	-	-	254.8
Segment liabilities	345.6	0.2	31.3	-	302.6

Definitions

Net operating income before	Calculated including profit from subsidiaries acquired exclusively with a view to resale
provisions
NIM	Net interest income divided by average interest earning assets, which include gross loans and advances to customers, due from other banks (gross),
debt securities and correspondent accounts with other banks
NCM	Net commission income divided by average total assets
Provision charge for credit	Provision charge for credit losses on debt financial assets and on other financial assets and credit related commitments and provision for legal claims
losses and other provisions
CoR	Provision charge for loan credit losses divided by average gross loans and advances to customers
CIR	Staff costs and administrative expenses divided by operating income before provisions, excluding profit from subsidiaries acquired with a view to resale
NPL ratio	The Group defines non-performing loans (NPL) as lifetime expected credit losses (ECL) credit-impaired loans with contractual principal and or interest payments overdue more than 90 days and
purchased or originated credit impaired (POCI) loans with principal and or interest payments becoming overdue more than 90 days after the date of initial recognition.
LDR	Net loans divided by customer deposits
Leverage	Total liabilities divided by total equity