18:13, 6 April 2009 Page views 345 views

Share of VTB’s Bad Credits Expected to be about 8% to the End of 2009

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According to the Head of VTB Andrey Kostin, the share of bad credits in the Bank’s portfolio is expected to reach 8% to the end of 2009. Mr. Kostin said that generally VTB didn't change the Bank’s business plan for 2009. Head of VTB estimated the share of overdue loans in Russian banking system will amount to 10–15% to the end of 2009.


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