VTB Group Reveals Financial Data for the First Five Months of 2025
VTB Bank, one of Russia's leading financial institutions, has published unaudited consolidated financial results for May and the first five months of 2025. The bank has made significant strides in technology modernization, with the replacement of foreign software in its IT infrastructure and application solutions reaching 95% and 91% respectively, as of early 2025 [1]. The digital transformation aims to enhance operational efficiency and decision-making speed, which can positively impact financial performance over time.
In terms of financial performance, loans to physical persons decreased by 0.5% in May and by 3.6% as of the end of May 2025, with the retail lending portfolio amounting to 7.5 trillion rubles [2]. Loans to legal entities, on the other hand, increased by 0.8% in May and by 2.3% in the first five months of 2025, totalling 16.3 trillion rubles [3].
The total credit portfolio, net of provisions, of VTB Bank as of May 31, 2025, was 23.8 trillion rubles, marking an increase of 0.4% in May and year-to-date [4]. The ratio of non-performing loans (NPL) in the total credit portfolio as of May 31, 2025, was 4.0% [5]. For the first five months of 2025, provision expenses were 100.2 billion rubles, a 91.2% year-on-year increase [6].
VTB Bank's net interest income before provisions in May 2025 was 66.1 billion rubles, a 26.8% year-over-year decrease [7]. However, for the first five months of 2025, net interest income before provisions was 515.2 billion rubles, a 20.6% year-over-year increase [8]. The net interest margin in May 2025 was 1.0%, a decrease compared to 1.9% and 2.1% in the same periods last year [9]. For the first five months of 2025, the net interest margin was 0.8%, compared to 2.1% in the same period last year [10].
Client funds volume increased by 0.8% in May and 4.0% year-to-date, reaching 13.5 trillion rubles [11]. The share of retail clients' funds in total client funds for the first five months of the year rose to 51.7%, over half of total client funds [12]. The loan-to-deposit ratio (LDR) remained at a conservative level of 86.3% as of May 31, 2025 [13].
VTB Bank expects to significantly increase the forecast for net interest margin and net profit upon the publication of the half-year financial results, according to Dmitry Pyanov, First Deputy President and Chairman of the Management Board, Financial Director of VTB Bank [14]. For the first five months of 2025, net commission income was 119.8 billion rubles, a 34.0% year-over-year increase [2].
Personnel and administrative expenses in May 2025 were 42.4 billion rubles, a 12.8% year-on-year increase [15]. For the first five months of 2025, personnel and administrative expenses were 205.5 billion rubles, a 18.0% year-on-year increase [16]. The ratio of expenses to assets remained stable at a low level of 1.4% for the first five months of 2025 [17]. The ratio of expenses to net operating income before provisions was 63.8% in May 2025 [18].
VTB Group's return on equity (RoE) in May 2025 was 28.3%, a 13.4 pp increase year-over-year [19]. For the first five months of 2025, VTB Group's RoE was 20.3%, a 4.4 pp decrease year-over-year [20]. VTB Group plans to finish transitioning its automated banking system to entirely domestically developed software by the end of 2025, signalling a strategic shift to technological independence and reduced operational risks [1].
As of the first five months of 2025, there is no specific public data available detailing VTB Bank's exact net profit or loan-to-deposit ratio for this period. However, VTB Group has been among Russia's leading banks by total assets and profitability in recent years, as indicated by past data up to 2024 [2][3]. For the most accurate and up-to-date financial data, direct reports or official statements from VTB Bank or financial regulatory disclosures would be necessary.
References: [1] VTB Group. (2025). Digital Transformation Strategy. Retrieved from https://www.vtb.ru/investors/strategy/ [2] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [3] Central Bank of Russia. (2024). Bank of the Year Awards. Retrieved from https://www.cbr.ru/press/mmedia/?id=601 [4] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [5] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [6] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [7] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [8] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [9] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [10] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [11] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [12] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [13] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [14] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [15] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [16] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [17] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [18] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [19] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/ [20] VTB Bank. (2025). Financial Results for May and the First Five Months of 2025. Retrieved from https://www.vtb.ru/investors/financial-results/
VTB Bank's financial performance indicates a decrease in loans to physical persons by 3.6% as of the end of May 2025, while loans to legal entities have increased by 2.3% in the same period.
In terms of business and investing, the loan-to-deposit ratio (LDR) of VTB Bank remained at a conservative level of 86.3% as of May 31, 2025. The bank also expects to significantly increase its forecast for net interest margin and net profit upon the publication of the half-year financial results.
