OREANDA-NEWS. VTB announced the audited consolidated IFRS financial results of the VTB Group for 2006.

The Group’s consolidated shareholders’ equity increased to US$6,992 million as of December 31, 2006 from US$5,269 million as of December 31, 2005.

As of December 31, 2006 the VTB Group’s consolidated BIS Tier 1 capital was US$6,357 million, compared to US$4,927 million as of December 31, 2005, and total BIS capital was US$7,646 million, compared to US$5,898 million as of December 31, 2005.

The Group’s BIS Tier 1+2 capital adequacy ratio slightly decreased from 14.1% as of December 31, 2005 to 14.0% as of December 31, 2006. The capital adequacy ratio remains well above the 8.0% minimum set by the Basel Accord.