The operating income of the group increased 41.9% to $2.6 billion in the first nine months of 2007, from $1.8 billion from the same period of 2006. Total assets had increased by 41.7% to $74.25 billion. Total gross loan portfolio of the group grew by 53.3% to $46.35 billion, with loans to individuals increasing by 2.2 times. Net interest income before provisions increased 46.2% year-on-year to $1.73 billion.
Andrei Kostin, president and chairman of the management board of VTB, said: We are pleased to announce a set of numbers that show continued out-performance, despite the tough global market conditions. We are well on track to hit our targets at year end and will face the challenges of 2008 with a solid and stable foundation.
