Bank, which lost for the first three quarters of last year, 45.5 billion rubles, to account for the entire year in late March. The bank has promised to losses, but did not specify their size. On Tuesday after the market closes bank curdled paint a dismal picture of the past year.

“In connection with the restoration of financial markets and in accordance with International Financial Reporting Standards VTB Group resumed its assessment of its consolidated equity securities, traded on organized markets based on market quotations. The Group expects that it will have a one-time negative impact of $6 billion rubles on its financial results for the fourth quarter of 2009, “- the bank said.

VTB for the debts inherited developer Sistema-Hals will increase losses by another $4 billion rubles.

“In order to determine the value of goodwill associated with this acquisition and the resulting difference between the fair value of assets and liabilities of Sistema-Hals at the date of obtaining control group was independent assessment of real estate projects and companies. As part of a conservative approach to the group intends to reflect the impairment of goodwill, previously estimated at $4 billion rubles, “- said in a statement the bank.

In 2008, VTB has earned $212 million net profit on international standards in 2007 – $1.5 billion.

Head Office VTB earned in 2009, almost 28 billion rubles of net profit and ready to put 10 percent of the amount of the dividends.

nearest rival VTB, the country’s largest state bank Sberbank finished the year with profit both by Russia and by international standards.

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