VTB 1Q loss underlines loan portfolio risk
Published: 04 August, 2009, 22:43
VTB surprised markets to the downside with its 1Q 2009 IFRS result, while underlining the risk to the financial sector from NPL’s.
breakingnews
Russia's Central Bank says the level of non performing loans in the banking sector reached 4.5% in the first half. But many it's likely to get worse as the Russian economy approaches the anniversary of the crisis.
Russia’s second largest bank, VTB, has posted a Net Loss of 20.5 billion Roubles under IFRS.
With VTB posting larger than expected losses for 1Q 2009 Business RT spoke with Mark Rubinshtein, Deputy Head of Research at Metropol, about what they indicate.
Russian cellular provider, Megafon, has posted a 1H 2009 Net Profit of 20.1 billion Roubles under U. S. GAAP.
Russian steelmaker, Severstal, has posted a 1H 2009 Net Loss attributable to shareholders of $944 million under IFRS.
Russian agrochemical producer, EuroChem, has posted a 1H 2009 net Profit of 5.7 billion Roubles under IFRS.
Russian consumer services conglomerate, Sistema, has posted a 2Q 2009 Net Profit of $246.2 million under U.S. GAAP.
Bank Saint Petersburg, has posted a 1H 2009 Net Loss of 48.7 million Roubles under IFRS.
MDM Bank has posted a 1H 2009 Net Loss of 4.3 billion Roubles under IFRS.
Sibirtelecom, the fixed line provider in Russia’s Siberia, has posted a 1H 2010 Net Profit of 2.4 billion roubles under IFRS.
Published: 04 August, 2009, 22:43
VTB surprised markets to the downside with its 1Q 2009 IFRS result, while underlining the risk to the financial sector from NPL’s.