VTB’s shares rose 4.7% on the Moscow Stock Exchange on news that the lending institution will disclose its SAR financial data and some IFRS figures.

VTB shares rose nearly 5% on news of financial disclosures

VTB plans to publish the results on April 5. After the bank’s statement, its shares rose 4.7% to 1.9 kopecks.

In March last year, the Bank of Russia allowed the banking sector to expand the publication of financial statements. In the fall, the Central Bank announced that it would have to return to the disclosure of indicators at least according to RAS in 2023.

VTB is under Western sanctions and has not published its results for 2022. At the same time, it is known that the credit institution closed the last year with losses. However, as Andrey Kostin, head of the bank, previously noted, a record profit is expected in the first quarter of this year.

In December, VTB completed the purchase of Otkritie.


Natalia Gormaleva

Source: RB

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