VTB Group's Net Profit Plunges 41% in August 2025
VTB Group, Russia's second-largest bank, has reported a significant drop in net profit for August 2025. The group's earnings fell by 41.1% year-on-year to 23.9 billion rubles, primarily due to a decrease in net interest income and the payment of dividends.
The decrease in net interest income was substantial, dropping by 24.1% in August and by 41.4% for the first eight months of the year compared to the same periods in 2024. This decline was partly attributed to the payment of dividends amounting to 276 billion rubles, which affected both net interest income and net interest margin.
However, the group saw a positive trend in net fee and commission income. This income stream increased by 2.4% in August and by 23.2% for the eight months of 2025 compared to the same periods last year. This growth was driven by favourable effects from forex transactions and transaction fees related to cross-border payments.
Despite the decrease in net profit and net interest income, VTB Group's overall performance for the first eight months of 2025 showed a slight decline of 3.2% year-on-year under IFRS. The group continues to navigate the challenging economic environment, with its net fee and commission income serving as a positive counterbalance.
