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VTB Bank

VTB's costs (as % of assets) remain unchanged yoy at % in 4Q2020

By Helgi Library - March 24, 2021

VTB Bank's cost to income ratio reached -81.5% in the fourth quarter of 2016, down from when compared to the previous quarter. ...

VTB's costs (as % of assets) remain unchanged yoy at % in 4Q2020

By Helgi Library - March 24, 2021

VTB Bank's cost to income ratio reached -81.5% in the fourth quarter of 2016, down from when compared to the previous quarter. ...

VTB's mortgage loans rose 11.3% yoy to RUB 1,171,000 mil in 2Q2018

By Helgi Library - November 22, 2023

VTB Bank's mortgage loans reached RUB 1,171,000 mil in 2Q2018, up 5.38% compared to the previous year. Russian banking sector p...

Annual Quarterly LTM
Profit Statement 2018 2019 2020
Net Interest Income RUB mil 468,900 441,000 532,200
Net Fee Income RUB mil 80,600 108,500 136,800
Other Income RUB mil 221,700 223,700 236,500
Total Revenues RUB mil 771,200 773,200 905,500
Staff Cost RUB mil 160,800 163,300 171,200
Operating Profit RUB mil 409,100 379,200 479,400
Provisions RUB mil 160,600 92,200 227,000
Net Profit RUB mil 180,960 191,920 177,160
Balance Sheet 2018 2019 2020
Interbank Loans RUB mil 1,178,300 1,238,600 2,104,600
Customer Loans RUB mil 10,260,600 10,324,400 11,629,800
Investments RUB mil 836,100 998,900 1,221,300
Total Assets RUB mil 14,760,600 15,516,100 18,142,200
Shareholders' Equity RUB mil 1,523,000 1,653,300 1,722,600
Interbank Borrowing RUB mil 1,464,500 1,240,700 1,105,500
Customer Deposits RUB mil 10,366,300 10,910,700 12,818,500
Issued Debt Securities RUB mil 801,900 960,400 1,623,000
Ratios 2018 2019 2020
ROE % 12.1 12.1 10.5
ROA % 1.30 1.27 1.05
Costs (As % Of Assets) % 2.61 2.60 2.53
Costs (As % Of Income) % 47.0 51.0 47.1
Capital Adequacy Ratio % 11.4 11.2 11.8
Net Interest Margin % 3.38 2.91 3.16
Loans (As % Of Deposits) % 99.0 94.6 90.7
NPLs (As % Of Loans) % 5.95 4.85 5.95
Provisions (As % Of NPLs) % 112 129 121
Valuation 2018 2019 2020
Market Capitalisation USD mil 6,326 9,589 6,585
Number Of Shares mil 12,945,000 12,954,500 12,957,700
Share Price RUB 0.034 0.046 0.038
Price/Earnings (P/E) 2.62 3.33 3.02
Price/Book Value (P/BV) 0.288 0.360 0.284
Dividend Yield % 3.25 6.54 53.1
Earnings Per Share (EPS) RUB 0.013 0.014 0.013
Book Value Per Share RUB 0.118 0.128 0.133
Dividend Per Share RUB 0.001 0.003 0.020

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summary Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                          
Net Interest Income RUB mil                             347,300 289,100 415,000 460,200 468,900    
Total Revenues RUB mil                             590,400 489,700 581,800 746,600 771,200    
Operating Profit RUB mil                             518,500 431,400 460,600 665,400 409,100    
Net Profit RUB mil                             300 22,460 44,440 136,260 180,960    
balance sheet                                          
Interbank Loans RUB mil                             1,285,800 1,836,000 1,659,000 1,213,700 1,178,300    
Customer Loans RUB mil                             8,250,000 9,124,700 8,289,600 8,793,400 10,260,600    
Investments RUB mil                             638,600 795,600 919,200 920,900 836,100    
Total Assets RUB mil                             12,190,800 13,641,900 12,588,200 13,009,300 14,760,600    
                                             
Shareholders' Equity RUB mil                             1,131,000 1,454,100 1,412,900 1,479,700 1,523,000    
Interbank Borrowing RUB mil                             733,600 1,230,000 1,645,000 817,200 1,464,500    
Customer Deposits RUB mil                             5,669,000 7,261,000 7,346,400 9,137,800 10,366,300    
Issued Debt Securities RUB mil                             3,915,800 3,007,800 1,495,000 820,400 801,900    
ratios                                          
ROE % ...                           0.029 1.74 3.10 9.42 12.1    
ROA % ...                           0.003 0.174 0.339 1.06 1.30    
Costs (As % Of Assets) % ...                           0.681 0.451 0.924 0.634 2.61    
Costs (As % Of Income) %                             12.2 11.9 20.8 10.9 47.0    
Capital Adequacy Ratio % ... ... ... ...     ...               12.0 14.3 14.6 14.8 11.4    
Net Interest Margin % ...                           3.29 2.24 3.16 3.60 3.38    
Interest Income (As % Of Revenues) %                             58.8 59.0 71.3 61.6 60.8    
Fee Income (As % Of Revenues) %                             10.7 15.6 14.1 12.8 10.5    
Staff Cost (As % Of Total Cost) %                             173 237 120 191 44.4    
Equity (As % Of Assets) %                             9.28 10.7 11.2 11.4 10.3    
Loans (As % Of Deposits) %                             146 126 113 96.2 99.0    
Loans (As % Assets) %                             67.7 66.9 65.9 67.6 69.5    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...           6.02 6.49 6.77 5.94 5.95    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...           115 106 105 108 112    
valuation                                          
Market Capitalisation USD mil ... ... ... ... ... ... ...               14,907 14,165 15,666 10,653 6,326    
Number Of Shares mil ... ... ... ...                     12,883,000 12,879,600 12,920,600 12,925,000 12,945,000    
Share Price RUB ... ... ... ... ... ... ...               0.067 0.080 0.074 0.047 0.034    
Earnings Per Share (EPS) RUB ... ... ... ...                     < -0.001 0.001 0.003 0.010 0.013    
Book Value Per Share RUB ... ... ... ...                     0.088 0.113 0.109 0.114 0.118    
Dividend Per Share RUB ... ... ... ... ... ...   ... ...           0.001 0.001 0.001 0.004 0.001    
Price/Earnings (P/E) ... ... ... ... ... ... ...   ...           -134 79.7 28.5 4.83 2.62    
Price/Book Value (P/BV) ... ... ... ... ... ... ...               0.763 0.706 0.677 0.413 0.288    
Dividend Yield % ... ... ... ... ... ... ... ... ...           1.79 1.51 1.62 7.40 3.25    
Earnings Per Share Growth % ... ... ... ... ... ...       ...         -107 -300 160 277 31.6    
Book Value Per Share Growth % ...                           10.4 28.6 -3.14 4.69 2.77    
income statement Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
income statement                                          
Interest Income RUB mil                             844,100 1,100,900 1,107,800 1,056,200 1,034,300    
Interest Cost RUB mil                             496,800 811,800 692,800 596,000 565,400    
Net Interest Income RUB mil                             347,300 289,100 415,000 460,200 468,900    
Net Fee Income RUB mil                             63,100 76,200 81,800 95,300 80,600    
Fee Income RUB mil                             81,500 98,600 109,700 129,600 124,000    
Fee Expense RUB mil                             18,400 22,400 27,900 34,300 43,400    
Other Income RUB mil                             180,000 124,400 85,000 191,100 221,700    
Total Revenues RUB mil                             590,400 489,700 581,800 746,600 771,200    
Staff Cost RUB mil                             124,500 137,900 145,700 155,200 160,800    
Depreciation RUB mil ... ... ... ... ... ... ... ... ...           21,700 21,800 20,700 22,700 21,600    
Other Cost RUB mil ... ... ... ... ... ... ... ... ...           -74,300 -101,400 -45,200 -96,700 179,700    
Operating Cost RUB mil                             71,900 58,300 121,200 81,200 362,100    
Operating Profit RUB mil                             518,500 431,400 460,600 665,400 409,100    
Provisions RUB mil                             255,400 167,500 144,700 169,200 160,600    
Extra and Other Cost RUB mil                             237,100 241,600 250,600 317,100 35,300    
Pre-Tax Profit RUB mil                             26,000 22,300 65,300 179,100 213,200    
Tax RUB mil                             29,000 8,840 21,560 43,040 32,640    
Minorities RUB mil                             -3,300 -9,000 -700 -200 -400    
Net Profit RUB mil                             300 22,460 44,440 136,260 180,960    
Net Profit Avail. to Common RUB mil                             -6,700 13,060 33,240 126,460 167,260    
Dividends RUB mil ... ...     ... ...   ... ...           15,034 15,164 15,164 44,759 14,200    
growth rates                                          
Net Interest Income Growth % ...                           7.52 -16.8 43.5 10.9 1.89    
Net Fee Income Growth % ...                           13.9 20.8 7.35 16.5 -15.4    
Total Revenue Growth % ...                           25.4 -17.1 18.8 28.3 3.29    
Operating Cost Growth % ...                           87.2 -18.9 108 -33.0 346    
Operating Profit Growth % ...                           19.9 -16.8 6.77 44.5 -38.5    
Pre-Tax Profit Growth % ...                           -76.8 -14.2 193 174 19.0    
Net Profit Growth % ...                           -99.7 7,387 97.9 207 32.8    
market share                                          
Market Share in Revenues % ... ... ... ...                     9.82 7.32 4.43 6.85 ... ... ...
Market Share in Net Profit % ... ... ... ...           ...         0.062 26.4 6.78 27.1 ... ... ...
Market Share in Employees % ... ... ... ... ... ... ... ... ... ... ... ... ... ... 10.6 11.1 ... ... ... ... ...
Market Share in Branches % ... ... ... ... ... ...   ...             0.115 0.111 0.094 0.097 ... ... ...
balance sheet Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
balance sheet                                          
Cash & Cash Equivalents RUB mil                             780,700 641,500 548,000 870,900 1,046,800    
Interbank Loans RUB mil                             1,285,800 1,836,000 1,659,000 1,213,700 1,178,300    
Customer Loans RUB mil                             8,250,000 9,124,700 8,289,600 8,793,400 10,260,600    
Retail Loans RUB mil                             1,942,300 1,956,700 2,169,800 2,478,500 2,977,500    
Mortgage Loans RUB mil ... ... ... ... ... ... ... ... ...           795,300 875,100 997,700 1,094,700 1,442,000    
Consumer Loans RUB mil ... ... ... ... ... ... ... ... ...           1,147,000 1,081,600 1,172,100 1,383,800 1,535,500    
Corporate Loans RUB mil                             6,457,700 7,230,200 6,751,900 6,916,300 8,015,000    
Investments RUB mil                             638,600 795,600 919,200 920,900 836,100    
Property and Equipment RUB mil                             246,900 310,300 352,700 348,200 402,300    
Intangible Assets RUB mil ... ... ... ...                     161,800 162,000 155,100 157,400 160,000    
Goodwill RUB mil ... ... ... ... ... ... ... ... ...           116,300 116,100 116,200 116,000 115,600    
Total Assets RUB mil                             12,190,800 13,641,900 12,588,200 13,009,300 14,760,600    
                                             
Shareholders' Equity RUB mil                             1,131,000 1,454,100 1,412,900 1,479,700 1,523,000    
Of Which Minority Interest RUB mil                             13,100 -100 9,700 13,600 -5,000    
Liabilities RUB mil                             11,059,800 12,187,800 11,175,300 11,529,600 13,237,600    
Interbank Borrowing RUB mil                             733,600 1,230,000 1,645,000 817,200 1,464,500    
Customer Deposits RUB mil                             5,669,000 7,261,000 7,346,400 9,137,800 10,366,300    
Sight Deposits RUB mil                             1,259,500 1,474,000 1,689,700 2,301,700 2,660,800    
Term Deposits RUB mil                             4,409,500 5,787,000 5,656,700 6,836,100 7,705,500    
Issued Debt Securities RUB mil                             3,915,800 3,007,800 1,495,000 820,400 801,900    
Other Liabilities RUB mil                             741,400 689,000 688,900 754,200 604,900    
asset quality                                          
Non-Performing Loans RUB mil ... ... ... ... ... ... ... ... ...           533,900 635,400 604,400 558,200 653,700    
Gross Loans RUB mil                             8,863,100 9,797,200 8,921,700 9,394,800 10,992,500    
Risk-Weighted Assets RUB mil ... ... ... ... ... ... ...               10,176,200 10,630,100 9,875,400 10,262,700 15,339,700    
Total Provisions RUB mil                             613,100 672,500 632,100 601,400 731,900    
growth rates                                          
Customer Loan Growth % ...                           36.4 10.6 -9.15 6.08 16.7    
Retail Loan Growth % ... ... ... ... ... ... ...               28.0 0.741 10.9 14.2 20.1    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ...         47.3 10.0 14.0 9.72 31.7    
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ...         17.3 -5.70 8.37 18.1 11.0    
Corporate Loan Growth % ... ... ... ... ... ... ...               40.4 12.0 -6.62 2.43 15.9    
Total Asset Growth % ...                           36.6 11.9 -7.72 3.35 13.5    
Shareholders' Equity Growth % ...                           19.4 28.6 -2.83 4.73 2.93    
Customer Deposit Growth % ...                           29.7 28.1 1.18 24.4 13.4    
market share                                          
Market Share in Customer Loans %                             18.2 18.6 17.7 18.1 18.3 ... ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ...         23.6 23.8 24.6 25.4 ... ... ...
Market Share in Retail Loans % ... ... ... ... ... ... ... ... ...           14.7 16.1 18.6 19.8 ... ... ...
Market Share in Consumer Loans % ... ... ... ...                     17.1 18.3 20.1 20.4 ... ... ...
Market Share in Mortgage Loans % ... ... ... ... ... ... ... ... ...           22.5 22.0 22.2 21.1 ... ... ...
Market Share in Total Assets % ... ... ... ...                     16.7 17.7 17.0 16.7 17.6 ... ...
Market Share in Customer Deposits % ... ... ... ...                     18.0 19.4 20.9 24.4 24.7 ... ...
ratios Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
ROE % ...                           0.029 1.74 3.10 9.42 12.1    
ROTE % ... ... ... ... ...                   0.034 1.99 3.49 10.6 13.5    
ROE (@ 15% of RWA) % ... ... ... ... ... ... ... ...             0.023 1.44 2.89 9.02 9.42    
ROA % ...                           0.003 0.174 0.339 1.06 1.30    
Return on Loans %                             0.004 0.259 0.510 1.60 1.90    
Operating Profit (As % of RWA) % ... ... ... ... ... ... ... ...             5.89 4.15 4.49 6.61 3.20    
Costs (As % Of Assets) % ...                           0.681 0.451 0.924 0.634 2.61    
Costs (As % Of Income) %                             12.2 11.9 20.8 10.9 47.0    
Costs (As % Of Loans) % ...                           1.01 0.671 1.39 0.951 3.80    
Costs (As % Of Loans & Deposits) % ...                           0.591 0.385 0.757 0.484 1.88    
Capital Adequacy Ratio % ... ... ... ...     ...               12.0 14.3 14.6 14.8 11.4    
Tier 1 Ratio % ...       ... ... ...               9.80 12.4 12.9 13.1 9.00    
Net Interest Margin % ...                           3.29 2.24 3.16 3.60 3.38    
Interest Spread % ...                           2.78 1.54 2.52 3.00 2.88    
Asset Yield % ...                           7.99 8.52 8.45 8.25 7.45    
Revenues (As % of RWA) % ... ... ... ... ... ... ... ...             6.71 4.71 5.67 7.41 6.02    
Cost Of Liabilities % ...                           5.22 6.98 5.93 5.25 4.57    
Payout Ratio % ... ...     ... ...   ... ...           5,011 67.5 34.1 32.8 7.85    
Interest Income (As % Of Revenues) %                             58.8 59.0 71.3 61.6 60.8    
Fee Income (As % Of Revenues) %                             10.7 15.6 14.1 12.8 10.5    
Other Income (As % Of Revenues) %                             30.5 25.4 14.6 25.6 28.7    
Staff Cost (As % Of Total Cost) %                             173 237 120 191 44.4    
Equity (As % Of Assets) %                             9.28 10.7 11.2 11.4 10.3    
Equity (As % Of Loans) %                             13.7 15.9 17.0 16.8 14.8    
Loans (As % Of Deposits) %                             146 126 113 96.2 99.0    
Loans (As % Assets) %                             67.7 66.9 65.9 67.6 69.5    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ...           6.02 6.49 6.77 5.94 5.95    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ...           115 106 105 108 112    
Provisions (As % Of Loans) %                             7.43 7.37 7.63 6.84 7.13    
Cost of Provisions (As % Of Loans) % ...                           3.57 1.93 1.66 1.98 1.69    
other data Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
Branches ... ... ... ... ... ...   ...             48.0 41.0 32.0 32.0 ... ... ...
ATMs ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 19.0 ... ... ...
ATMs (As % of Bank Branches) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 59.4 ... ... ...
Employees                             101,072 92,882 94,966 96,957 77,200    
Employees Per Bank Branch ... ... ... ... ... ...   ...             2,106 2,265 2,968 3,030 ... ... ...
Cost Per Employee USD per month                             2,193 1,852 1,915 2,256 2,732    
Cost Per Employee (Local Currency) RUB per month                             102,650 123,723 127,853 133,392 173,575    
Employee Turnover % ... ... ... ... ... ... ...               32.7 32.0 18.4 26.0 26.0   ...
Women (As % of Workforce) % ... ... ... ... ... ... ... ...             70.4 71.0 71.0 75.0 73.0   ...
Women (As % of Management) % ... ... ... ... ... ... ... ... ... ... ... ... ...   25.0 ... ... ... ...   ...
customer breakdown Unit 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
                                           
Customers mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
                                             
Market Value per Customer (Local Currency) RUB ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Revenue per Customer (Local Currency) RUB ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Net Profit per Customer (Local Currency) RUB ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Loan per Customer (Local Currency) RUB ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Deposit per Customer (Local Currency) RUB ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Market Value per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Revenue per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Net Profit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Loan per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Deposit per Customer USD ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  

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VTB's mortgage loans rose 11.3% yoy to RUB 1,171,000 mil in 2Q2018

By Helgi Library - November 22, 2023

VTB Bank's mortgage loans reached RUB 1,171,000 mil in 2Q2018, up 5.38% compared to the previous year. Russian banking sector provided mortgage loans of RUB 5,420 bil in 2Q2018, up 4.48% when compared to the last year. VTB Bank accounted for 20.3% of all ...

VTB's net profit fell 43.2% yoy to RUB 41,620 mil in 4Q2020

By Helgi Library - March 24, 2021

VTB Bank made a net profit of RUB 41,620 mil under revenues of RUB 252,300 mil in the fourth quarter of 2020, down 0% and 0% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of RUB 75,520 mi...

VTB's net profit fell 43.2% yoy to RUB 41,620 mil in 4Q2020

By Helgi Library - March 24, 2021

VTB Bank made a net profit of RUB 41,620 mil under revenues of RUB 252,300 mil in the fourth quarter of 2020, down 0% and 0% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of RUB 75,520 mi...

VTB's net profit fell 43.2% yoy to RUB 41,620 mil in 4Q2020

By Helgi Library - March 24, 2021

VTB Bank made a net profit of RUB 41,620 mil in the fourth quarter of 2020, down 43.2% when compared to the same period of last year. This implies a return on equity of 9.66%. Historically, the bank’s net profit reached an all time high of RUB 75,520 mil in 1Q202...

VTB's net profit fell 43.2% yoy to RUB 41,620 mil in 4Q2020

By Helgi Library - March 24, 2021

VTB Bank made a net profit of RUB 41,620 mil in the fourth quarter of 2020, down 43.2% when compared to the same period of last year. This implies a return on equity of 9.66%. Historically, the bank’s net profit reached an all time high of RUB 75,520 mil in 1Q202...

VTB's customer loans rose 16.5% yoy to RUB 9,795,100 mil in 3Q2018

By Helgi Library - March 24, 2021

VTB Bank's customer loans reached RUB 9,795,100 mil in 2018-09-30, up 9.39% compared to the previous year. Russian banking sector provided customer loans of RUB 54,055 bil in 2018-09-30, up 5.04% when compared to the last year. VTB Bank accounted for 18.1...

VTB's customer loans rose 16.5% yoy to RUB 9,795,100 mil in 3Q2018

By Helgi Library - March 24, 2021

VTB Bank's customer loans reached RUB 9,795,100 mil in 2018-09-30, up 9.39% compared to the previous year. Russian banking sector provided customer loans of RUB 54,055 bil in 2018-09-30, up 5.04% when compared to the last year. VTB Bank accounted for 18.1...

VTB's customer deposits rose 9.93% yoy to RUB 9,736,800 mil in 3Q2018

By Helgi Library - March 24, 2021

VTB Bank's customer deposits reached RUB 9,736,800 mil in 2018-09-30, up 1.11% compared to the previous year. Russian banking sector accepted customer deposits of RUB 40,113 bil in 2018-09-30, up 2.56% when compared to the last year. VTB Bank accounted fo...

VTB's customer deposits rose 9.93% yoy to RUB 9,736,800 mil in 3Q2018

By Helgi Library - March 24, 2021

VTB Bank's customer deposits reached RUB 9,736,800 mil in 2018-09-30, up 1.11% compared to the previous year. Russian banking sector accepted customer deposits of RUB 40,113 bil in 2018-09-30, up 2.56% when compared to the last year. VTB Bank accounted fo...

VTB's consumer loans rose 24.4% yoy to RUB 1,568,700 mil in 2Q2018

By Helgi Library - March 24, 2021

VTB Bank's consumer loans reached RUB 1,568,700 mil in 2018-06-30, up 6.04% compared to the previous year. Russian banking sector provided consumer loans of RUB 7,855 bil in 2018-06-30, up 5.92% when compared to the last year. VTB Bank accounted for 20.0%...

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VTB Bank OAO is the second largest commercial bank in Russia. The Bank offers a variety of services like deposit taking, commercial lending, support of clients' export and import transactions, securities trading, foreign exchange or trading in derivative instruments. It also provides services to its retail and corporate customers in Commonwealth of Independent States, Asia, Europe and Africa. At the end of 2013, the Bank operated a network of 2,600 branches and 12,100 ATMs and employed over 103,000 people. It holds around 15% share of Russia's total banking assets, 9% market share in retail deposits and 13% in retail loans. The Russian government owns 60.9% of VTB Bank’s equity.

Finance

VTB Bank has been growing its revenues and asset by 14.5% and 15.5% a year on average in the last 10 years. Its loans and deposits have grown by 15.6% and 19.3% a year during that time and loans to deposits ratio reached 90.7% at the end of 2020. The company achieved an average return on equity of 8.66% in the last decade with net profit growing 11.6% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.1% in 2020, compared to 22.0% average in the last decade.

Equity represented 9.49% of total assets or 14.8% of loans at the end of 2020. VTB Bank's non-performing loans were 5.95% of total loans while provisions covered some 121% of NPLs at the end of 2020.

Valuation

VTB Bank stock traded at per share at the end of 2020 resulting in a market capitalization of . Over the previous three years, stock price rose by 0% or 0% a year on average. That’s compared to an average ROE of 11.5% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 3.02x and price to book value (PBV) of 0.284x in 2020.

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