OREANDA-NEWS. As of August 1, VTB Bank’s assets amounted to RUR2,599 billion as compared to RUR2,551 billion on 1 January 2009. Against the year-start, the Bank’s assets have increased 2%, reported the press-centre of VTB Bank.

Corporate customer deposits exceeded RUR1,092 billion as compared to RUR719 billion on 1 January 2009. The funds raised from corporate customers increased 52%.

Over the first seven months of 2009, VTB’s net loss reduced to RUB 9.71 billion from RUR26.45 billion for H1 2009. This RUR16.74 billion decrease in July was due to dividend and other one-off income from subsidiaries of VTB Bank.

The Bank’s income growth was partially neutralized by increased provisioning charges. As of 1 August 2009, the allowances for loan impairment amounted to 5% of the total corporate loan portfolio.

These unconsolidated financial statements under the Russian Accounting Standards (RAS) have only been prepared for the Parent Company of the Group, JSC VTB Bank.