loss of VTB Group has reached up to three quarters in 2009 45.5 billion rubles., an increase for July – September to 14 billion rubles. For the nine months of 2008, VTB has earned 6.9 billion USD.

head bank build up reserves, and investment and retail banking group of profitable, said the group findirector Herbert Moos. Thus, VTB Capital has received just over 11 billion rubles. net income.

Reserves in III quarter increased by 29.8 billion rubles. (from 6,9% to 7,9% of the loan portfolio) – their total by 30 September amounted to 126.4 billion rubles. This is more than the total income of the bank – total 122.1 billion rubles. But the level of coverage of delay reserves exceeded 100%. The peak level of contributions to the reserves performed in the II quarter (47.6 billion rubles.) Believes Moos, then their growth will not be greater than in previous periods.

losses greater than expected mainly because of the “surge restructuring” in the III quarter – to 16.9 billion rubles., adds analyst at Bank of Moscow, Yegor Fyodorov. In July – September VTB dramatically increased the amount of restructured loans, to 146.9 billion rubles. And brought it up to 225.7 billion rubles. – the percentage of such loans in the portfolio has increased from 2,9% to 8,3%. The share of overdue and rescheduled debt now amounts to 14,8%, said Fedorov.

volume restructurings really big, recognizes Moos, the bank mostly extended and increased security for such loans. The loss of it connected with the delay in payment of interest on the loan, but promises that the losses will be compensated as and when payments.

loan portfolio quality continues to deteriorate at the end of the quarter the level of bad loans reached 7.8 % (previously 6%), notes analyst UniCreditSekur “Rustam Botashev. In III quarter of the bank was considered as the bad loans overdue by more than 90 days, reflecting the reporting of the debt principal and interest.

loan portfolio during the quarter has traditionally been reduced – this time at 1 , 1% to 2.5 trillion rubles. Since the beginning of the crisis in VTB quadrupled in volume to 395.9 billion rubles. and three times the share of their loan portfolio to 15% increased volume of loans steel companies, said head of the FFT bank Maxim Osadchy. Part of loans granted to industrial holdings, transferred directly to the company, explained Moos.

yesterday VTB shares fell 2.6% on the MICEX, the MICEX index fell by 2%.

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