Overdue debt VTB 24 on the basis of I quarter 2009. amounted to 2% of the total loan portfolio, said the head of the Bank Mikhail Zadornov. He noted that in the beginning of the year, the delay was about 1.3%. In the whole year, arrears will be lower than for the whole banking system of Russia, ie below 10%, he said.
In addition, M. Zadornov said that the bank’s net profit in I quarter of 2009. “will be about 0. According to him, such a result arose due to the financing bank and its negative revaluation reserves due to the strengthening euro. Reserve Bank in the I quarter of this year amounted to 4-45% of the loan portfolio. In the II quarter of the bank expects to make a profit. “While the business plan in the first half of the net profit we expected a negative result”, – said M. Zadornov.
It is anticipated that in the II quarter of 2009. work program to reduce costs in full force and effect. In addition, according to M. Zadornov, currently is working with the Central Bank of Russian Federation for the registration of mortgage bonds in the collateral list. He recalled that the VTB 24 in the I quarter of this year from its loan portfolio withdrew 30 billion rubles. from 195 billion rubles. mortgage bonds. Consequently, the share of overdue loans is artificially increased.
VTB 24 enters into an international banking group VTB, and specializes in serving individuals, individual entrepreneurs, small business organizations. The main shareholder of the bank is “Bank VTB” (98.01% stake).
