VTB in the third quarter reserved 16.4 billion for loans “Transaero”

Moscow. November 17. VTB in the third quarter has created provisions for loans “Transaero” in the amount of 16.4 billion rubles, said the Deputy Chairman of VTB Herbert Moos during a conference call Tuesday.

He noted that the reserves by the airlines will affect the Bank’s financial results in the third quarter of this year. “In the third quarter, an increase in the cost of risk, this is due to the situation in “Transaero” which formed substantial reserves,” he said.

Further actions VTB will depend on the situation: after the improvement of the situation of “Transaero” it will be possible to disband a portion of the reserves, with the deterioration – to increase their.