25th Dec 2015 05:45
JSC VTB Bank / MiscellaneousVTB Group announces IFRS results for November and first 11 months of 2015(news with additional features) 25-Dec-2015 / 06:45 CET/CESTDissemination 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. --------------------------------------------------------------------------- VTB Group announces IFRS results for November and first 11 months of 2015 VTB Bank ('VTB or 'the Bank'), the parent company of VTB Group ('theGroup'), today publishes its unaudited consolidated IFRS results forNovember 2015 and the 11 months ended 30 November 2015. Income Statement - Net profit in November 2015 was RUB 10.9 billion, this took the Group above breakeven for the year, with net profit for 11M 2015 amounting to RUB 3.0 billion; - Net operating income before provisions was RUB 34.7 billion in November and RUB 379.2 billion in 11M 2015, down 5.7% and 12.3% 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 1.3 billion in November and RUB 156.6 billion in 11M 2015, down 95.0% and 28.2% year-on-year, respectively; - Staff costs and administrative expenses amounted to RUB 18.8 billion in November 2015 and RUB 210.8 billion for 11M 2015, down 9.6% and up 5.7% year-on-year, respectively. The Group's cost-to-income ratio was 54.0% in November 2015 and 55.3% for 11M 2015, versus 56.6% in November 2014 and 46.3% for 11M 2014. Statement of Financial Position - Total assets amounted to RUB 12,886.8 billion at 30 November 2015, up 2.1% in November and 5.7% in 11M 2015. Gross loans and advances to customers grew 2.2% in November and 5.9% in 11M 2015. Gross loans to legal entities increased 7.7% year-to-date (2.7% in November), while gross loans to individuals contracted 0.8% year-to-date (up 0.1% in November); - The NPL ratio was 6.3% of total gross loans at 30 November 2015, down 40 bps month-on-month, and up 50 bps year-to-date. The NPL coverage ratio at 30 November 2015 was a comfortable 106.3% (31 October 2015: 104.8%); - Total customer deposits grew 1.0% in November and 30.3% in 11M 2015, reaching RUB 7,387.5 billion at 30 November 2015. During 11M 2015, deposits from legal entities grew by 35.0%, which was faster than the 22.6% increase in deposits from individuals. In November 2015, deposits from individuals and deposits from legal entities grew 2.4% and 0.2%, respectively; - The Group continued to reduce its reliance on wholesale funding, with the share of debt securities issued in total liabilities falling to 5.1% at 30 November 2015 (31 October 2015: 5.7%, 31 December 2014: 8.3%). Debt securities issued amounted to RUB 586.1 billion at 30 November 2015, down 36.4% year-to-date; - The adjusted loan-to-deposit ratio remained at a comfortable 106.6% as of 30 November 2015 (31 October 2015: 105.0%, 31 December 2014: 113.4%); - The Group's capital base remains very strong. Tier 1 CAR was 13.0% at 30 November 2015 (31 October 2015: 13.1%, 31 December 2014: 9.8%), and Total CAR was 15.0% (31 October 2015: 15.3%, 31 December 2014: 12.0%). +++++Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=XXPUVSLJSYDocument title: VTB Group IFRS Unaudited Financial Highlights as of 30November 2015 --------------------------------------------------------------------------- 25-Dec-2015 The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap.de/ukreg --------------------------------------------------------------------------- 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: [email protected] Internet: www.vtb.com ISIN: US46630Q2021 Listed: Foreign Exchange(s) London Category Code: MSC TIDM: VTBR Sequence Number: 2946 Time of Receipt: 25-Dec-2015 / 06:45 CET/CEST End of Announcement EquityStory.RS, LLC News Service --------------------------------------------------------------------------- 426215 25-Dec-2015UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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