Results overview

All figures in this present report are based on the financial results from IFRS Consolidated Financial Statements of VTB Group and might be rounded which allows for insignificant deviations in calculations expressed in percentage amounts if compared to figures from the Financial Statements of the Group.

VTB Group delivered robust business growth in 2018, strengthening its market position and outperforming the industry average both in corporate and retail lending and in customer funding.

In 2018, the Group's loan portfolio (excluding Post Bank as of 1 January 2018 and 31 December 2018To calculate the change in the loan portfolio in terms of accounting for the assets of Post Bank, the line consolidation method is used as of 31 December 2018 (corresponding to the consolidated financial statements of the VTB Group under IFRS for the year ended 31 December 2018) and as of 1 January 2018 (management reporting data is used). For more information, see the section “VTB Group today / VTB Group in the Financial Services Market / Key Changes in the Structure of VTB Group”.) increased by 19% to RUB 11.4 trillion due to an increase in lending to individuals and legal entities.

Loans and advances to legal entities, RUB billion

The key drivers of growth in the corporate loan portfolio were the construction, telecommunications and media, as well as trade and commerce sectors. The Group continued to develop work with all sectors, making lending to small and medium-sized enterprises (SMEs) a priority.

Loans and advances to legal entities by industry, %

Retail lending increased by 29% (excluding Post Bank as of 1 January 2018 and 31 December 2018) to RUB 3.0 trillion. The Group increased its market share by 70 bp to 17.8% (up from 17.1% as of 31 December 2017).

Loans to individuals, RUB billion

In 2018, VTB Group continued to increase customer deposits, which amounted to RUB 10.4 trillion, an increase of 16% in the reporting period (excluding Post Bank as of 1 January 2018 and 31 December 2018) due to an increase in deposits from both individuals and legal entities.

Customer funding from legal entities grew by 9% to RUB 6.0 trillion. In deposits and accounts from legal entities in Russia, VTB Group maintained its leading position with a market share of 20.7% at the end of 2018 (compared to 23.1% as of 31 December 2017).

VTB Group deposits from individuals amounted to RUB 4.4 trillion as of 31 December 2018. During 2018, individual deposits had increased by 28% (excluding Post Bank as of 1 January 2018 and 31 December 2018). The Bank enjoyed its biggest increase in market share in the last three years, up by 1.4 pp from 12.6% to 14.0%, outperforming both target and strategic indicators. As of 1 January 2018, excluding Post Bank, the Bank’s market share increased by 2 pp (from 12.0% to 14.0%). In the reporting period, the Group accounted for one-third of the increase in customer deposits in the entire Russian banking sector.

Deposits and accounts of legal entities, RUB billion
Deposits and accounts of individuals, RUB billion

All of VTB Group’s key global business lines contributed to business growth during the reporting period.