VTB's net profit for January-September under IFRS decreased in 8, 5 times in comparison with the figure for the same period last year and amounted to 5, 4 billion, follows from the statements of the second largest Russian Bank assets.

The results of VTB was worse than the consensus forecast made Last news on the results of social research analysts. Experts had expected the Bank for the nine months will reduce net profit 5, 1 fold, until 9, 1 billion rubles.

in the 3rd quarter, the Bank enriched 400 million rubles, which is 46 times below last year's figure (18, 4 billion). Analysts had expected decrease in profit in 4, 5 times, up to 4, 1 billion rubles.

Net interest income of the Bank in January-September amounted to 268, 2 billion rubles, an increase of 15%. Net Commission income increased by fifteen, 2%, to 44, 8 billion rubles. Net interest margin decreased by 0, 1 percentage point compared with the same period of 2013 - up to 4, 3%.

" The slowdown in the increase in the Russian Federation, as well as the rapid deterioration in the economic situation in Ukraine contributed to the growth in the cost of risk group 2 and 9% in the nine months of 2014 in comparison with 1, 7% for the same period last year, " added the press release of the Bank. In the 3rd quarter of the cost of risk increased to 3, 4% 2, 5% for the second quarter of the current year.

Corporate loans since the end of last year increased by 21, 3%to 6, 185 trillion roubles loans to individuals - 20, 9%, up 1, 838 trillion rubles. The share of non-performing loans in the total loan portfolio at the end of September amounted to 6% vs. 4, 7% in the beginning, and 5, 9% at the end of June.

sections: Politics