Enhanced Expected Yearly Profit for VTB: Anticipated Revenue Increase to Staggering 500 Billion Rubles.
Going Bigger: VTB's Potential Profit Boost
Things might be heating up for VTB this year! As the St. Petersburg International Economic Forum (SPIEF) 2025 looms, VTB's First Deputy Chairman, Dmitry Pyanov, dropped a bomb: VTB could raise its annual net profit forecast to an impressive 500 billion rubles!
According to Dmitry, the net interest margin and net operating income will surpass expectations. While they initially aimed for a net profit of 430 billion rubles for this year, they might reach even higher.
In the rearview mirror, 2024 was a staggering success for VTB. They reported a record-breaking 551.4 billion rubles in net profit under international financial reporting standards, up a humongous 27.6% from the previous year. With 24.5 million retail clients and 1.67 million SME entrepreneurs breathing down their necks, it seems the more, the merrier for VTB!
But what about the latest numbers rocking the market? A closer look shows 553.7 thousand rubles (presumably million) reported for 2025 on investing.com, hinting at potential ongoing success yet with no mention of any forecast revision or updated profit target. Other sources delve into broader macroeconomic and sectoral forecasts affecting Russian financial institutions, but no updated specific profit forecast for VTB is cited.
So, there's been no official word as to whether VTB's annual net profit forecast for 2025 has been revised or any new target revealed. Could the cat be about to leap out of the bag at the SPIEF? Only time will tell!
In light of the upcoming St. Petersburg International Economic Forum (SPIEF) 2025, there is speculation about a possible revision of VTB's annual net profit forecast, as indicated by the First Deputy Chairman, Dmitry Pyanov. The proposed forecast could reach an impressive 500 billion rubles, up from the initial aim of 430 billion rubles for this year. This potential increase in net profit could be a positive indication for the finance, business, and investing sectors.
