DGAP-UK-Regulatory: Bank for Foreign Trade Vneshtorgbank JSC VTB Bank Shs Sponsored Global Deposit Receipt Repr Shs Reg-

EQS-Regulatory: VTB Group announces IFRS results for October and first 10 months of 2016 (news with additional features)

JSC VTB Bank / Miscellaneous - Medium Priority VTB Group announces IFRS results for October and first 10 months of 2016 (news with additional features)

28-Nov-2016 / 07:57 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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VTB Group announces IFRS results for October and first 10 months of 2016

VTB Bank ('VTB' or 'the Bank'), the parent company of VTB Group ('the Group'), today publishes its unaudited consolidated IFRS results for October 2016 and the 10 months ended 31 October 2016.

Income Statement

- Net profit was RUB 3.9 billion in October and RUB 38.0 billion in 10M 2016 versus net profit of RUB 3.0 billion in October (up 30.0% year-on- year) and net loss of RUB 7.9 billion in 10M 2015, respectively. Net operating income before provisions was RUB 43.6 billion in October and RUB 412.4 billion in 10M 2016, up 10.9% and 24.4% year-on-year, respectively;

- Net interest income was RUB 34.0 billion in October and RUB 344.4 billion in 10M 2016, up 6.6% and 51.1% year-on-year, respectively. The growth of net interest income followed the year-on-year recovery of net interest margin (3.7 % in October and 3.7% in 10M 2016, versus 3.3% in October and 2.5% in 10M 2015);

- Net fee and commission income was RUB 7.2 billion in October and RUB 63.1 billion in 10M 2016, down 2.7% and up 2.8% year-on-year, respectively;

- Total provision charges for impairment of debt financial assets and for impairment of other assets, credit related commitments and legal claims amounted to RUB 19.3 billion in October and RUB 166.0 billion in 10M 2016, up 4.9% and up 6.9% year-on-year, respectively. The Group's cost of risk, including credit related commitments, was 2.2% in October and 1.9% in 10M 2016, versus 2.0% in October and 1.6% in 10M 2015;

- Staff costs and administrative expenses amounted to RUB 19.4 billion in October and RUB 191.0 billion for 10M 2016, up 10.2% and 6.7% year-on- year, respectively. The Group's cost-to-income ratio was 42.9% in October and 47.1% for 10M 2016, versus 44.7% in October and 53.7% for 10M 2015.

Statement of Financial Position

- The Group's total assets amounted to RUB 12,580.9 billion at 31 October 2016, up 1.8% in October and down 7.8% year-to-date. Gross loans and advances to customers increased 1.5% in October and contracted 5.5% year-to-date. Gross loans to legal entities were up 1.9% in October and down 8.9% year-to-date, while gross loans to individuals were up 0.1% in October and 8.4% year-to-date;

- The NPL ratio was 6.9% of total gross loans at 31 October 2016, down 30 bps month-on-month and up 60 bps year-to-date. The NPL coverage ratio at 31 October 2016 was 104.4% (30 September 2016: 102.9%, 31 December 2015: 105.8%);

- Total customer deposits increased by 2.7% in October and 13.1% year-to- date, reaching RUB 8,220.8 billion at 31 October 2016. Deposits from legal entities were up 4.3% in October and 20.8% year-to-date, while deposits from individuals remained flat in October and were up 1.4% year-to-date;

- Debt securities issued amounted to RUB 419.7 billion at 31 October 2016, down 32.7% year-to-date;

- The adjusted loan-to-deposit ratio was 100.0% as of 31 October 2016 (30 September 2016: 100.3%, 31 December 2015: 104.9%). The non-adjusted loan-to-deposit ratio was 107.8% as of 31 October 2016 (30 September 2016: 108.8%, 31 December 2015: 129.9%);

- As of 31 October 2016, Tier 1 CAR was 13.3% (30 September 2016: 13.5%, 31 December 2015: 12.4%), and total CAR was 15.0% (30 September 2016: 15.4%, 31 December 2015: 14.3%).

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Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=AXCTBQCKID Document title: 10M Financial Highlights

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Language: English Company: JSC VTB Bank 12, Presnenskaya emb. Moscow Russia Phone: +7 (495) 739-77-99 Fax: +7 (495) 739-77-99 E-mail: info@vtb.ru Internet: www.vtb.com ISIN: US46630Q2021 Listed: Foreign Exchange(s) London Category Code: MSCM TIDM: VTBR Sequence Number: 3633 Time of Receipt: 28-Nov-2016 / 07:57 CET/CEST End of Announcement EquityStory.RS, LLC News Service ---------------------------------------------------------------------------

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