VTB Posts 1.8% Year-on-Year Net Profit Decline for Jan–April 2026
VTB Financial Results and Future Outlook
Net Profit Performance for January–April 2026
MOSCOW, May 28 (Reuters) - Russia's second-largest lender VTB on Thursday reported an 1.8% year-on-year decline in its net profit for January to April to 162.8 billion roubles ($2.28 billion).
April 2026 Net Profit Growth
Net profit for April 2026 rose by 24.3% year-on-year to 30.2 billion roubles, the bank said.
Executive Commentary
"Overall, the month produced a decent result, but don't expect anything particularly outstanding," first deputy CEO Dmitry Pyanov said.
Profit Targets and Long-Term Goals
The bank's net profit target for 2026 is 600 billion to 650 billion roubles, Pyanov said, adding that in 2027 to 2029 VTB "will be aiming for 1 trillion roubles".
Exchange Rate Information
($1 = 71.4000 roubles)
Reporting Credits
(Reporting by Elena Fabrichnaya; Editing by Alison Williams)
