Russia's VTB Bank nine-month net profit rises 7% to 407.5 billion rubles

VTB Group reported net profit of 407.5 billion rubles for the nine months ended September 30, 2026, up 7% year on year, in its condensed interim IFRS consolidated financial statements.

In the third quarter, the bank earned 182.3 billion rubles, with return on equity at 24.8% versus 14.5% a year earlier. Nine-month return on equity was 19.1%, against 18.6% in the same period of 2025.

First Deputy Chairman of the Management Board and Chief Financial Officer Dmitry Pyanov said a recovery in net interest margin drove operating income growth, lifting net interest income 2.3 times. He said the bank is shifting its focus toward corporate lending and confirmed the group's 2026 net profit forecast of 600 billion rubles.

Group assets reached 39.1 trillion rubles on September 30, up 6% year to date. Total loans rose 6.3% to 26.0 trillion rubles, with corporate loans up 11.2% while retail loans fell 5%.