2 lender VTB (VTBR.MM) remains on track for record profits this year, CFO Dmitry Pyanov said, anticipating a further rise in lending and improving the bank's forecast for return on equity to above 20% for 2023.
The bank posted 142.6 billion roubles ($1.58 billion) in second-quarter net profit on Thursday and said returns for the year as a whole could exceed 400 billion.
VTB did not provide comparative figures as banks were ordered to limit disclosures in 2022.
"The target may be higher than 400 billion roubles...I admit that it won't be exactly 400, but it won't be rounded up to 500 - you should not expect this.
Pyanov said VTB would issue "replacement bonds" for three Eurobond issues, two denominated in dollars, and one in Swiss francs.
Persons:
VTB, Dmitry Pyanov, Pyanov, Elena Fabrichnaya, Alexander Marrow, Jason Neely
Organizations:
Bank of, Thomson
Locations:
Russia, Ukraine MOSCOW, Ukraine, Bank of Russia