VTB group in the third quarter of 2015 achieved a net profit of 6.2 billion rubles, the report says the Bank.

**MOSCOW, Nov 17.** Net loss in accordance with IFRS VTB group for the first nine months amounted to 10.9 billion rubles against a profit of 5.4 billion rubles a year earlier, it follows from the second report on the assets of a Russian Bank.

Thus, the rate was better than the consensus forecast, compiled on the basis of poll of analysts. Experts had expected a net loss in the amount of 13.2 billion rubles.

In the third quarter of VTB received a net profit of 6.2 billion versus 0.4 billion for the third quarter of last year. The rate was much higher than expected — analysts had expected a profit of 3.9 billion rubles.

Allocations to reserves in January-September fell compared with the same period in 2014 is 17.7% and amounted to RUR 136.9 billion, which was worse than expected (129.4 deaths billion rubles). The costs of reserves in the third quarter amounted to 57 billion, which is 12.3% lower than a year ago. Analysts predicted that the Bank will increase its reserves by 51.6 billion. The cost of risk in annual terms amounted to 1.9% for the nine months and 2.4% in the third quarter compared to 2.9% and 3.4% for the same periods last year.

Net interest income VTB was reduced by 24.5%, to 202,5 billion rubles. Net interest margin for the first nine months decreased to 2.5% from 4.3% for the same period in 2014. The easing of monetary policy by the Central Bank and continued the revaluation of assets and liabilities, the net interest margin for the third time in a row showed a quarterly increase, growing to 3.2% in the third quarter of 2015 and 2.5% in the second and 1.7% in the first quarter.

Corporate and investment banking business in the first nine months achieved a net profit of 23.1 billion rubles, the retail business in the amount of 2.9 billion rubles. The net loss of the segment “corporate average business” amounted to 9.4 billion rubles. The group received a record net fee and Commission income for the third quarter and first nine months of 21.4 billion and 54 billion, respectively.