VTB Projects Record Profits for Russia's Banking Sector by 2027
Russia’s banking sector to set profit record in 2027 — VTB
Image: Тасс
At the St. Petersburg International Economic Forum, VTB's Dmitry Pianov announced that Russia's banking sector could reach profits of up to 4.1 trillion rubles (approximately $55.8 billion USD) by 2027, with an expected profit of 3.6-3.9 trillion rubles in 2026.
- 01Dmitry Pianov, First Deputy Chairman of VTB, provided the profit forecasts during the St. Petersburg International Economic Forum.
- 02The banking sector's profit for 2024 is expected to be surpassed by the record profits projected for 2027-2028.
- 03VTB aims to achieve a net profit of 1 trillion rubles as part of its new three-year strategy.
- 04The St. Petersburg International Economic Forum runs from June 3-6, focusing on global economic development.
- 05VEB.RF is the title partner of this year's SPIEF, which includes various forums and cultural events.
Advertisement
In-Article Ad
During the St. Petersburg International Economic Forum (SPIEF), Dmitry Pianov, the First Deputy Chairman of VTB, projected that Russia’s banking sector could achieve record profits of up to 4.1 trillion rubles (around $55.8 billion USD) by 2027. He indicated that the profits for the sector are expected to be between 3.6-3.9 trillion rubles in 2026, with a potential to exceed the 2024 record as early as 2027-2028. VTB, as part of its new three-year strategy, aims to reach a net profit of 1 trillion rubles. The SPIEF, held from June 3-6, is themed
Advertisement
In-Article Ad
The projected growth in profits for the banking sector indicates a potential economic recovery and stability in Russia.
Advertisement
In-Article Ad
Reader Poll
What do you think about the projected profits for Russia's banking sector?
Connecting to poll...
Read the original article
Visit the source for the complete story.