Earnings Report /
Russia

VTB Bank: 3Q21 IFRS results – Slightly positive

  • VTB (VTBR RX: E/W; TP RUB0.04) released its 3Q21 IFRS results

  • Net income posted another quarterly record of RUB87bn in Q3 (17% ROAE), outpacing the consensus by 5%

  • The stock joined the market rally since mid-September (+12% vs +6% by MOEX Index and +14% by SBER RX)

Evgeniy Kipnis
Evgeniy Kipnis

Senior Banking/Consumer Analyst

Alfa
27 October 2021
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