VTB could potentially adjust its projected yearly earnings to reach up to 500 billion rubles.
Let's dive into the latest buzz from the financial world, folks! VTB Bank's top gun, Dmitry Pyanov, has dropped a bombshell—the bank might adjust its net profit forecast for 2025 to a staggering 500 billion rubles! And here's the kicker: Pyanov shared this exciting tidbit ahead of the St. Petersburg International Economic Forum (SPIEF-2025).
Pyanov hinted that when VTB reveals its half-year results, they'll prob'ly update their net profit expectations. He also mentioned that while breaking the record of 551 billion rubles set in 2024 seems like a long shot, they're aiming high—500 billion rubles, baby!
So, what's causing this bullish sentiment? According to Pyanov, it's all about the growth in net interest income and net operating income. Originally, VTB aimed to earn a more modest 430 billion rubles in profit this year.
In 2024, VTB raked in a record 551.4 billion rubles in net profit under international financial reporting standards, marking a 27.6% increase from the previous year. The bank also boosted its retail client base to 24.5 million, and the number of small and medium-sized businesses skyrocketed to 1.67 million organizations and individual entrepreneurs.
By the way, in related news earlier on DK.RU, VTB was expecting a further reduction in the Bank of Russia’s key rate in 2025.
Now, let's look at some interesting stats from previous sources: As of late May 2025, VTB's net income forecast for 2025 was around 553.7K (again, likely million rubles) with an EPS of 97.56. However, we don't have the full picture on how these 2025 net profit expectations have shifted compared to earlier projections.
Intriguingly, the Russian Central Bank's monetary policy in 2025 might play a significant role in boosting VTB's profitability. The Central Bank is expected to drop the key rate to 20% in June 2025 for the first time in 30 months, which would reduce refinancing costs and improve net interest margins. This could, in turn, lead to stronger operating profits and net income for banks like VTB.
However, it's essential to note that there isn't explicit data on the magnitude or direction of revisions to VTB's net profit forecasts in 2025, as detailed consensus forecast figures or changes compared to previous projections are not readily available. But hey, if the stars align, VTB could very well be looking at record-breaking profits! Stay tuned for more updates!
Dmitry Pyanov, the top executive at VTB Bank, suggested that they will likely revise their net profit expectations when they announce their half-year results. The bank's growth in net interest income and net operating income is expected to contribute to this potential adjustment, with a forecast of 500 billion rubles in net profit for 2025.
