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VTB Continues Growth Course
The Austrian subsidiary of the Russian VTB Bank registered a 39.8% growth in net income. Total assets grew by 43%.
VTB Continues Growth Course / Picture: © VTB Bank
In 2011, VTB Bank Austria registered remarkable growth rates. Total assets were up by 43% from € 7.5bn to € 10.7bn. In 2013, total assets should grow to € 12.0bn. Net equity was up from € 715m to € 810m. Total equity (with subordinated loans) reached € 1.3bn.
Loans increased from € 3.02bn to € 5.6bn. The cost-income ratio could be lowered from 29.9% to 25.4%. Net…
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