VTB Net Profit Falls 1.8 Percent in Early 2026
Russia's second-largest lender VTB reported a net profit of 162.8 billion roubles for the January to April period. While April saw a 24.3 percent year-on-year increase, the bank maintains its full-year profit target of up to 650 billion roubles.
VTB reported a 1.8% year-on-year decline in net profit to 162.8 billion roubles ($2.28 billion) for the January-April period. The results from Russia's second-largest lender reflect a cooling from previous growth cycles. Investors are tracking the bank's ability to hit its ambitious multi-year profit targets despite the slight four-month dip.
### April Performance Shows Recovery Net profit for April 2026 rose 24.3% year-on-year to 30.2 billion roubles. First deputy CEO Dmitry Pyanov described the monthly result as decent but cautioned against expecting outstanding performance in the immediate term.
