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INVESTOR PRESENTATION
April 2020
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This presentation has been prepared by VTB Bank (PJSC) (“VTB”) and has not been independently verified. This presentation does not constitute or form part or all of, and should not be construed
as, any offer of, or any invitation to sell or issue, or any solicitation of any offer to purchase, subscribe for, underwrite or otherwise acquire, or a recommendation regarding, any shares or other
securities representing shares in, or any other securities of VTB, or any of its subsidiaries, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in
connection with, any contract or any commitment whatsoever or any investment decision. Some of the information in this presentation may contain projections or other forward-looking statements
regarding future events or the future financial performance of VTB and its subsidiaries (together with VTB, the "Group"). Forward-looking statements are statements that are not historical facts. They
include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the
management of VTB. Such forward-looking statements are based on numerous assumptions, beliefs and expectations regarding the Group's present and future business strategies, financial
conditions, targets and the operating environment. We caution you that these statements are not guarantees of future performance and involve risks, uncertainties and other important factors that we
cannot predict with certainty. Accordingly, our actual outcomes and results may materially differ from what we have expressed or forecasted in the forward-looking statements. These forward-looking
statements speak only as at the date of this presentation and are subject to change without notice. We assume no obligation to update or revise these statements whether as a result of new
information or for any other reason or to make them conform to actual results. Certain numbers and ratios contained herein, related to past dates and periods, might have been restated in
accordance with the latest financial statements issued, and hence differ from the ones presented in the previous communications. Figures shown in this presentation are based on figures disclosed
in the annual and interim financial statements of the Group. However, figures used in this presentation might have been rounded, which could result in slight differences in percentage changes
compared to those provided in such financial statements.
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VTB at a Glance
Macro environment and banking sector in Russia
Strategy and Guidance
Business Overview
Appendix
Transformation
9
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4
VTB AT A GLANCE
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 5
MARKET SHARE AS OF 29-FEB-20
▲ - YTD CHANGE
OVERVIEW OF VTB GROUP
VTB Group
18
EMPLOYEES
82
BRANCH NETWORK
1.7
GLOBAL PRESENCE
countries
17.6%
19.7%
LOANS TO
INDIVIDUALS
15.7% CREDIT RATINGS
BBB-
Moody’s
CLIENT BASE
14
ATMs ASSETS
15.3
▼60bp
▲40bp
MORTGAGE DEPOSITS OF
INDIVIDUALS
MARKET CAPITALISATION
ASSETS CORPORATE
LOANS
CORPORATE
DEPOSITS
in Russia
23.7%
17.4%
15.5%
18
thsd
in Russia
RUB trln thsd
in Russia
ruAAA
Baa3
6.4 USD bn
thsd
mln banking
clients
in Russia
AS OF 09-APR-20
AS OF 29-FEB-20
AS OF 31-DEC-19 AS OF 31-DEC-19
AS OF 31-DEC-19
AS OF 31-DEC-19
▼20bp ▼ 50bp
flat ▼60bp
AS OF 31-DEC-19
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 6
3.3% 3.1% 4.2%
7.8% 7.7% 8.4%
VTB OWNERSHIP STRUCTURE AND CAPITAL COMPOSITION
STRUCTURE OF EQUITY CAPITAL
FREE FLOAT
39.1%
FEDERAL AGENCY FOR STATE
PROPERTY MANAGEMENT
60.9%
ORDINARY SHARES (HELD BY FEDERAL AGENCY
FOR STATE PROPERTY MANAGEMENT)
12.1%
ORDINARY SHARES IN FREE FLOAT
7.8%
PREFERENCE TYPE 1 SHARES
(HELD BY MINISTRY OF FINANCE OF
THE RUSSIAN FEDERATION)
32.9%
PREFERENCE TYPE 2 SHARES
(HELD BY STATE CORPORATION
DEPOSIT INSURANCE AGENCY)
47.2%
STATE-OWNED
92.2%
19.9%
INSTITUTIONAL INVESTORS
35.8%
INDIVIDUAL INVESTORS
3.3%
DATA AS OF 01-MAR-20
STRUCTURE OF VOTING RIGHTS
VTB INDIVIDUAL SHAREHOLDER BASE
IS RAPIDLY INCREASING
LISTING OF VTB ORDINARY SHARES AND GDRs
% OF FREE FLOAT DIVIDEND HISTORY
PAYOUT RATIO
IFRS
2014 2015 2016 2017 2018
DIVIDEND YIELD
91%
2,250%
67% 90% 73% 12%
1,947% 121% 61% 15%
2.1% 1.6% 1.7% 5.5% 2.4% ORD. SHARES
TYPE 1 PREFS
TYPE 2 PREFS
RAS
1.3% 0.04% 5.2% 5.5% 2.4%
N/A 5.8% 11.7% 5.5% 2.4%
≈ 90 thsd
≈ 89 thsd
≈94 thsd
≈121 thsd
≈159 thsd
≈198 thsd
2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9 0 1 - МА Р - 2 0
+5.1 p.p.
01-MAR-20
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 7
REPORTS
VTB CORPORATE GOVERNANCE SYSTEM
APPROVES
ELECTS
REPORTS
REPORTS ELECTS
ELECTS ELECTS
ELECTS
ELECTS REPORTS
REPORTS AND PREPARES
RECOMMENDATION
REPORTS AND PREPARES
RECOMMENDATION
REPORTS
REPORTS AND PREPARES
RECOMMENDATION
ELECTS
APPROVES
Andrey Kostin
President and Chairman
of VTB Management Board
Anton Siluanov
Chairman
of VTB Supervisory Council
Minister of Finance of
the Russian Federation
SUPERVISORY COUNCIL
11 MEMBERS
INCLUDING 4 REPRESENTATIVES OF MINORITY SHAREHOLDERS
MANAGEMENT BOARD
11 MEMBERS INTERNAL AUDIT
DEPARTMENT
AUDIT
COMMITTEE
STRATEGY AND
CORPORATE
GOVERNANCE
COMMITTEE
STATUTORY AUDIT
COMMISSION
GENERAL MEETING OF SHAREHOLDERS
INDEPENDENT AUDITOR
STAFF AND
REMUNERATION
COMMITTEE
CORPORATE
SECRETARY
REPORTS
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 8
VTB GROUP OPERATING MODEL IN LINE WITH BEST GLOBAL PRACTICES
CORPORATE-INVESTMENT
BANKING RETAIL BUSINESS MEDIUM AND SMALL
BUSINESS
#1 Investment bank and #2 Corporate bank in Russia
RUB 7,738 BN RUB 1,882 BN
BUSINESS WITH LARGE CORPORATE
CLIENTS
Broad corporate client base (coverage
BUSINESS WITH INDIVIDUALS BUSINESS WITH SMALL CORPORATE
AND MID-CORPORATE CLIENTS
wide regional franchise
Over 1.7 thsd branch network and 13 mln clients in Russia
with leading Russian companies across
CORPORATE CENTER
ADMIN HR STRATEGY
OPERATIONS PR
AUDIT AND COMPLIANCE
MARKETING RISK
MANAGEMENT
CONTROL SUPPORT
c
LEGAL SECURITY
IT FINANCE
RUB 6,004 BN
all economic sectors
c. 510 thsd mid-corporate banking clients
2M’20 ASSETS
and c. 18 thsd ATMs, JV with the Russian Post:
#1 retail franchise in Russia (c. 20 thsd retail
outlets and c. 5 thsd ATMs
and small business clients
of Post Bank)
in Russia >85%) with long-term relationships
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9
MACRO ENVIRONMENT
AND BANKING SECTOR IN RUSSIA
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 10
97.6
54.5 51.0 41.6
53.1
69.7 63.9
2014 2015 2016 2017 2018 2019 2M'2020
MACRO ENVIRONMENT IN RUSSIA
CPI DEC / DEC
USD/RUB (CBR, AVG)
OIL PRICE (URALS, AVG)
CBR KEY RATE (AVG)
OIL PRICE USD AND EXCHANGE RATE RUB INFLATION AND CBR KEY RATE
RUSSIAN MACROECONOMIC INDICATORS %
Current rate:
6.0%
GDP
INVESTMENTS IN FIXED CAPITAL
INDUSTRIAL PRODUCTION
RETAIL TURNOVER
0.7
-2.3
0.3 1.6 2.3
0.7 1.1 1.3 2,5
-0.8
2.2 2.1 2.9 2.6 2.7 2.4 2.7
-10.0
-4.8
1.3 2.8
1.7 1.5 1.6
-1.5
-10.1
-0.2
4.8 5.4
0.6 0.7 1.7
2014 2015 2016 2017 2018 1Н'19 9M'19 2019
2.3%
11.4% 12.9%
5.4%
2.5% 4.3%
3.0%
2014 2015 2016 2017 2018 2019 2M'2020
7.9%
12.6% 10.6% 9.1% 7.4% 7.3% 6.2%
FOR 2M’20 FEB / FEB
38.0 60.7 66.9 58.3 62.5 64.7 63.9
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 11
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 11
12.9%
22.4% 16.3%
LOANS TO INDIVIDUALS
(% OF GDP)
EASTERN
EUROPE & CIS1
TOTAL
RETAIL
CORPORATE
BANKING SECTOR IN RUSSIA
(1) Poland, Czech Republic, Slovakia, Hungary, Croatia, Bulgaria, Romania, Slovenia,
Serbia, Ukraine, Georgia, Belarus, Kazakhstan
LOANS DEPOSITS
2M’20
2.8% 2.3%
3.6% 0.9%
2.1% 3.7%
1.0% 0.3%
2.0% 1.7%
0.6% -0.3%
RUB BN
CORPORATES INDIVIDUALS
х 5.3
Mortgage Cars Cards
▲
RUSSIA
Consumer & other
х 1.8 ▲
5Y CAGR
4.9% 3.8%
7.7% 9.6%
3.8% 2.0%
TOTAL
RETAIL
CORPORATE
11.6% 6.4%
15.3% 8.7%
9.1% 4.5%
6.9%
7.3
12.2
12.3
12.8
12.9
9.6
11.3
9.3
9.5
9.5
16.9%
23.6%
21.5%
22.4%
22.4%
2006
2010
2015
2018
2019
1.3
2.8
4.9
6.2
6.9
0.5
0.5
1.3
1.2
1.5
1.1
1.1
0.8
0.8
0.9
4.3
4.5
5.9
6.2
7.0
7.2%
8.8%
12.8%
14.3%
16.3%
2006
2010
2015
2018
2019
INDUSTRY INDUSTRY
LOANS,% DEPOSITS,%
3,794
9,818
23,219
25,987
28,460
30,549
30,821
3,905
10,881
27,923
27,004
31,424
31,788
32,976
2,065
4,085
10,684
12,174
14,901
17,651
18,001
5,909
14,849
36,173
34,786
38,947
39,854
40,096
2006
2010
2015
2017
2018
2019
2M'20
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12
STRATEGY AND GUIDANCE
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 13
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 13
KEY VTB GROUP STRATEGIC PRIORITIES FOR 2022
STRATEGIC
PRIORITIES
LEADERSHIP IN CUSTOMER
SATISFACTION
FOCUS ON CLIENT-
CENTRICITY
BREAKTHROUGH
IN DIGITALIZATION
● 100% PAPERLESS WORKFLOW
● >50% SALES VIA DIGITAL CHANNELS (RETAIL&SME)
● 100% PRODUCTS AVAILABILITY DIGITAL
AMONG PEER BANKS
CREATING HIGHLY EFFECTIVE
ORGANIZATION & CULTURE BETTER PERSONNEL ENGAGEMENT
MOTIVATED AND EFFICIENT TEAM
SET UP & ROLL-OUT
A LEADER IN SELECTED ECOSYSTEMS
BUILDING A ROBUST AND AGILE
OPERATIONAL
AND TECH PLATFORM TIME-TO-MARKET
FINANCIAL TARGETS
ROE CIR DIVIDEND
PAYOUT NET PROFIT
15% 300 32% 50%
2022
24/7 ACCESSIBILITY
IN DIGITAL ECONOMY
RUB BN
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14
RESHAPING THE BOUNDARIES
OF TRADITIONAL BANKING BUSINESS
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 15
BUILD-UP OF TRADITIONAL BANKING PLATFORM: MIX OF MERGERS
AND ORGANIC GROWTH
ORGANIC GROWTH
M&A DEALS
GUTA BANK
PROMSTROIBANK
LETO BANK LEGAL MERGER WITH
VTB BANK (MAY’16)
LAUNCH OF POST BANK
STARTING FROM 30
SEPTEMBER 2018,
POST BANK IS
ACCOUNTED AS JV
LEGAL MERGER WITH
VTB BANK (JAN’18)
VTB ACQUIRED
CONTROLLING STAKE
IN VOZROZHDENIE
BANK (OCT’18)
VTB ACQUIRED CONTROLLING
STAKES IN WEST SIBERIAN
COMMERCIAL BANK AND
SAROVBUSINESSBANK
(JAN’19)
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 16
VTB GROUP TRANSFORMATION
1. DIGITALIZATION 2. TECHNOLOGIES
SETTLEMENTS
AUTHENTICATION
& BIOMETRICS TRANSACTIONS
AGILE
AI &
ROBOTISATION
COMMUNICATION
OPEN API
OTHER
DevSecOps VTB CLOUD
DATA
MONETIZATION
3. ECOSYSTEM
Client
BECOMING NEW ELEMENT OF CLIENT
LIFESTYLE
RESTRUCTURING TRADITIONAL BANKING FUNCTIONS
TO CREATE AND ADOPT PRODUCTS AND SERVICES
TO VTB ECOSYSTEM
MAXIMIZING SALES THROUGH DIGITAL
CHANNELS
LIFESTYLE
BANKING MOBILE
HOUSING
ECOSYSTEM
B2B
KEY ELEMENTS KEY
TECHNOLOGICAL
CHANGES
2019 2022
FISCAL
DATA
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 17
FIRST STEPS IN ROLLING OVER VTB ECOSYSTEM
VTB
CLIENTS
FIRST APP COMBINES CITY SERVICES OF
MOSCOW GOVERNMENT AND VTB
MARKETPLACES
► INTEGRATION WITH PORTAL OF
PROVIDERS (PUBLIC PROCUREMENT)
SINGLE SIGN ON
► VTB SMALL SIZE PROCUREMENT
(<1 MLN RUB)
PROCUREMENT
EXPORT MANAGER
SERVICE
ACCELERATION WITH
RUSSIAN EXPORT CENTER
LAUNCH:SEP 2019
POTENTIAL
PARTNERSHIP
INSURANCE
SEIZED PROPETY SALE
FISCAL DATA OPERATOR
MOBILE OPERATOR
DIGITAL PLATFORM
FOR FULL CYCLE
OF REAL ESTATE
ALL CORE PRODUCTS ARE
SERVISES
LAUNCHED: 4Q 2019
FEB 2020
SITE RE-BRANDING
DOMYLAND
PROPTECH SOLUTION
MARKET PLACE FOR
DIGITAL MORTGAGE
SERVICE
MOBILE
BICYCLE RENTAL 5MLN RENTS IN 2019
MULTI-BONUS LOYALTY PROGRAMME
MY SMART CITY APP
Komissi
Square
meter
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18
BUSINESS OVERVIEW THE P&L STATEMENT COMPONENTS HAVE BEEN COMPARED WITH MODIFIED FINANCIAL RESULTS FOR 2018FY FOR THE PURPOSES OF ACCURACY OF THE YEAR-ON-YEAR
ANALYSIS (REVENUES AND EXPENSES OF VTB BANK (BELGRADE) JSC, “POST BANK”, PJSC AND “MULTICARTA”, LLC AND OF ALL COMPANIES WITHIN VTB INSURANCE GROUP HAVE
BEEN EXCLUDED AS IF THESE COMPANIES HAVE NOT BEEN CONSOLIDATED BY THE GROUP DURING 2018; GAIN / LOSS HAS RECOGNISED ON DISPOSAL OF SUBSIDIARIES
REFLECTED IN THE LINE “GAINS FROM DISPOSAL OF SUBSIDIARIES AND ASSOCIATES” HAVE NOT BEEN ADJUSTED).
0
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 19
8%
7%
5%
7%
9%
6%
17%
11%
5%
4%
5%
5%
13%
8%
10%
5%
4%
5%
5%
12%
13%
19%
20%
21%
51%
53%
56%
54%
49%
49%
6%
9%
11%
11%
13%
14%
1,281 1,463 1,477
1,442 1,614 1,653
2,989 3,365 3,423
31-Dec-18 31-Dec-19 29-Feb-20
1,347(1) 1,481 1,494
8,435 8,096 8,071
31-Dec-18 31-Dec-19 29-Feb-20
3%
6%
2%
2%
2%
2%
26%
16%
2%
2%
2%
3%
27%
16%
13%
13%
11%
7%
16%
20%
33%
33%
36%
38%
28%
39%
45%
45%
43%
45%
1%
3%
5%
5%
6%
6%
2006 1 380
2010 4 291
2015 13 645
2018 14 761
2019 15 516
29-Feb-20 15 307
MEASURED BUSINESS GROWTH WITH FOCUS ON PRIORITISED
SEGMENTS
▲▼ - ytd
RUB BN
ASSETS
CASH
SHORT-TERM FUNDS
MANDATORY RESERVES SECURITIES
DUE FROM NET LOANS OTHER ASSETS
RETAIL CORPORATE
▼1%
LIABILITIES
13 601 29-Feb-20
13 863 2019
13 238 2018
12 188 2015
3 713 2010
1 196 2006
OTHER LIABILITIES SUBORDINATED
DEBT
DUE TO
AND OBF
SECURITIES
ISSUED DUE TO
AND OBF CUSTOMER DEPOSITS
RETAIL CORPORATE
MORTGAGE ▲12%
CONSUMER ▲14%
▲13%
LOANS TO INDIVIDUALS
▲19% TOTAL LOANS TO IND (vs ▲18% INDUSTRY) ▲25% MORTGAGES (vs ▲17% INDUSTRY)
INDUSTRY
▲2%
▲10%
▼4%
LOANS TO LE
SME
1 - SME segment including Vozrozhdenie Bank as of 31-Dec-18
▼2%
▲2%
▲2%
▲1%
▲1%
▼0.3%
INDUSTRY
▲0.6%
% 2019 ADJUSTED FOR SECURITISATION TRANSACTION (190 RUB BN):
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VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 20
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 20
54 123
182 201
2016 2017 2018 2019
3.7% 4.1% 3.9% 3.4%
2016 2017 2018 2019
FINANCIAL PERFORMANCE 2M’2020
NET INTEREST
INCOME
NET FEE &
COMISSION INCOME
OTHER INCOME
NET OPERATING
INCOME
PROVISION CHARGE
STAFF &
ADMIN EXPENSES
TAX
76.5
14.8
22.0
-18.0
-12.7
-43.8
113.3
▲31%
▲9%
▲29%
▲11%
NET PROFIT 38.8
ROE
▲125% ▲48% ▲11% Y-O-Y
GROWTH
LOW BASE
EFFECT
▲712%
NORMALISED
PROFITABILITY
ACHIEVED
▲10.5%
15.6% 15.3% 12.6% 17.8%
NIM
FEES /
OPERATING
INCOME
45.8% 44.0% 40.5% 41.6%
COR
CIR
1.5% 1.6% 1.6% 0.8%
2016 2017 2018 2019
NET PROFIT
▲▼ - yoy
RUB BN
▲175%
▲543%
3.6%
▲30bp
13.1%
▲30bp
1.0%
▲80bp
38.6%
▼690bp
14.1%
flat
3.8%
8.5% 12.5% 12.8%
THE DATA, PRESENTED BELOW, HAVE BEEN
CALCULATED BASED ON THE OFFICIAL PUBLISHED
FINANCIAL REPORTS FOR EACH RESPECTIVE YEAR
(I. E. AS REPORTED)
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 21
10.525% 10.525% 10.650% 10.775% 10.900% 11.500%
11.4% 11.6% 11.2% 11.2% 11.2%
8.525% 8.525% 8.650% 8.775% 8.900% 9.500%
9.0% 9.9% 9.2% 9.7% 9.6%
7.025% 7.025% 7.150% 7.275% 7.400% 8.000%
8.0% 9.0% 8.4% 8.9% 8.7%
CAPITAL MANAGEMENT
TOTAL
CAR
CET1
ATT1
MIN. CBR THRESHOLD
01-Jan-19 01-Apr-19 01-Jul-19 01-Oct-19 01-Jan-20 2020►
1,232 1,423
1,388
1,553
1,749 1,829
1-Jan-19 1-Jan-20
COMMON
EQUITY
TIER I
TOTAL CAPITAL
CAPITAL ADEQUACY REGULATORY CAPITAL
▲5%
▲16%
▲12%
BASED ON RUSSIAN REGULATORY REQUIREMENTS WITH TOTAL CAR REPRESENTED BY N20.0, TIER I – N20.2, COMMON EQUITY – N20.1.
▲▼ - yoy
RUB BN
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO TRANSFORMATION 22
Bank Fees USD / mln % share
VTB Capital 74.0 21.3
2 Gazprombank 68.4 19.7
3 Sberbank CIB 34.1 9.8
4 Credit Suisse 32.3 9.3
5 Citi 24.3 7.0
Source: Refinitiv Russia Investment Banking Review 4Q’19
Bookrunner Deal value / USD mln % share # of deals
VTB Capital 12,274 26.6 109
2 Gazprombank 8,341 18.1 101
3 Sberbank CIB 5,033 10.9 110
4 JP Morgan 2,824 6.1 25
5 Credit Bank of Moscow 2,263 4.9 53
Source: Dealogic Russia Total DCM league tables 4Q’19
Bookrunner Deal value / USD mln % share # of deals
VTB Capital 9,480 10.4 101
2 Gazprombank 8,191 8.6 89
3 JP Morgan 7,093 7.5 45
4 Citi 6,671 7.0 38
5 Sberbank CIB 5,390 5.7 87
Source: Bloomberg Eastern European DCM league tables 4Q’19
INVESTMENT BANKING IN RUSSIA DCM BOOKRUNNER IN RUSSIA AND CIS
VTB CAPITAL: BEST INVESTMENT BANK IN RUSSIA
Best Investment Bank
in Emerging Markets
(2018,2019)
Best Investment Bank
in Russia
(2010-2017, 2019)
Best Investment Bank
in CEE (2013-2019)
Best Financial
Services in Russia
(2016-2019)
Best investment bank
in Russia
(2010-2019)
DCM BOOKRUNNER IN EASTERN EUROPE
#1 DCM bookrunner
in Eastern Europe
(2019)
Best investment Bank
in Russia
(2019)
LEADING POSITION:
Bookrunner Deal value / USD mln % share # of deals
1 VTB Capital 4,483 23 17
2 Citi 4,412 23 9
3 BoA Merrill Lynch 3,656 19 4
4 Credit Suisse 2,570 13 2
5 Guggenheim Securities 1,971 10 1
M&A IN RUSSIA
Source: Refinitiv Russia Investment Banking Review 4Q’19
#1 Research Team “Transport”
category, EMEA
(2016-2019)
#1 Research Team
“Electric utilities” category, EMEA
(2019)
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
23
APPENDIX: FINANCIALS THE P&L STATEMENT COMPONENTS HAVE BEEN COMPARED WITH MODIFIED FINANCIAL RESULTS FOR 2018FY FOR THE PURPOSES OF ACCURACY OF THE YEAR-ON-YEAR
ANALYSIS (REVENUES AND EXPENSES OF VTB BANK (BELGRADE) JSC, “POST BANK”, PJSC AND “MULTICARTA”, LLC AND OF ALL COMPANIES WITHIN VTB INSURANCE GROUP HAVE
BEEN EXCLUDED AS IF THESE COMPANIES HAVE NOT BEEN CONSOLIDATED BY THE GROUP DURING 2018; GAIN / LOSS HAS RECOGNISEDON DISPOSAL OF SUBSIDIARIES
REFLECTED IN THE LINE “GAINS FROM DISPOSAL OF SUBSIDIARIES AND ASSOCIATES” HAVE NOT BEEN ADJUSTED).
TRANSFORMATION
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
24
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO
29%
11%
9%
8%
5%
6%
6%
6%
4%
4%
3%
2%
7%
21%
11%
9%
9%
7%
7%
10%
5%
2%
5%
5%
6%
3%
53%
68%
47%
32%
31-Dec-14
31-Dec-19
150.6% 129.9%
120.5% 100.3% 99.5% 102.8% 98.2%
IFRS 9
NET CUSTOMER
LOANS /
CUSTOMER
DEPOSITS (LDR)
LOANS AND ADVANCES TO CUSTOMERS
BY INDUSTRY
LOAN PORTFOLIO AND CUSTOMER DEPOSITS
CUSTOMER DEPOSITS
OIL AND GAS
METALS
MANUFACTURING
GOVERNMENT BODIES
TRANSPORT
TRADE AND COMMERCE
ENERGY
FINANCE
BUILDING CONSTRUCTION
TELECOMMUNICATIONS
AND MEDIA
CHEMICALS BY CURRENCY
NET LOANS CUSTOMER DEPOSITS
OTHER
INDIVIDUALS
31-Dec-14
31-Dec-19
FX
RUB
GROSS LOANS
INDIVIDUALS
LEGAL ENTITIES
LDR RUB
195%
69%
101%
LDR FX
112%
▲▼ - yoy
RUB BN
79% 81% 77% 75% 74% 74% 71%
21% 19% 23% 25% 26%
26% 29%
9,150 10,110 9,487 9,773 9,841
11,424 11,462
31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 1-Jan-18 31-Dec-18 31-Dec-19
▲0.3%
62% 60% 59% 60% 60% 58% 54%
38% 40% 41%
40% 40% 42% 46%
5,669
7,267 7,347
9,145 9,145 10,404
10,974
31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 1-Jan-18 31-Dec-18 31-Dec-19
IFRS 9
▲5%
68%
78%
32%
22%
31-Dec-14
31-Dec-19
YTD
11,494 +0.3%
2M’20 update
YTD
11,281 +2.8%
2M’20 update
TRANSFORMATION
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
25
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO
680
2,518
7,205
8,150
7,311
7,287
7,307
8,435
8,096
63
66
62
60
59
60
60
58
54%
92
82
79
81
77
75
74
74
71%
31-Dec-06
31-Dec-10
31-Dec-14
31-Dec-15
31-Dec-16
31-Dec-17
01-Jan-18
31-Dec-18
30-Sep-19
IFRS 9
VTB BUSINESS WITH LEGAL ENTITIES
17.6%
▼60bp
MARKET SHARE
SHARE IN TOTAL:
19.7%
▼4%
CURRENT TERM
CORPORATES
LOANS DEPOSITS
MARKET SHARE
▼1% 31-Dec-19
31-Dec-18
01-Jan-18
31-Dec-17
31-Dec-16
31-Dec-15
31-Dec-14
31-Dec-10
31-Dec-06
IFRS 9
31-Dec-19
31-Dec-18
01-Jan-18
31-Dec-17
31-Dec-16
31-Dec-15
31-Dec-14
31-Dec-10
31-Dec-06
▲6.1pp since 2006 ▲17.1pp since 2006
31-Dec-19
31-Dec-18
01-Jan-18
31-Dec-17
31-Dec-16
31-Dec-15
31-Dec-14
31-Dec-10
31-Dec-06
LOANS DEPOSITS
▲▼ - ytd
RUB BN
MARKET SHARE AS OF 29-FEB-20
▼50bp
COST OF DEPOSITS OF LE
YIELD ON LOANS TO LE
7.6% 7.7% 7.5% 7.5%
5.1% 5.2% 4.8% 4.8%
1Q'19 2Q'19 3Q'19 4Q'19
5.0%
7.6%
FY’19
50%
67%
75%
77%
76%
75%
75%
74%
77%
50%
33%
25%
23%
24%
25%
25%
26%
23%
311
1,465
3,520
4,384
4,342
5,523
5,523
5,996
5,933
YTD
8,071 -0.3%
2M’20 update
YTD
6,059 +2.1%
2M’20 update
TRANSFORMATION
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
26
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO
38%
40%
41%
45%
46%
44%
43%
48%
48%
4%
10%
7%
5%
4%
4%
4%
4%
4%
6%
6%
6%
5%
5%
4%
4%
58%
50%
46%
44%
44%
47%
48%
44%
44%
62
542
1,945
1,960
2,176
2,486
2,534
2,989
3,365
37
34
38
40
41
40
40
42
46%
8
18
21
19
23
25
26
26
29%
31-Dec-06
31-Dec-10
31-Dec-14
31-Dec-15
31-Dec-16
31-Dec-17
01-Jan-18
31-Dec-18
30-Sep-19
76%
81%
82%
84%
79%
75%
75%
75%
72%
24%
19%
18%
16%
21%
25%
25%
25%
28%
180
748
2,149
2,883
3,004
3,622
3,622
4,408
5,042
LOANS DEPOSITS
IFRS 9
VTB BUSINESS WITH INDIVIDUALS
17.4% MARKET SHARE
SHARE IN TOTAL:
▲40bp
▲13%
RETAIL
LOANS DEPOSITS
MARKET SHARE
▲14%
31-Dec-19
31-Dec-18
01-Jan-18
31-Dec-17
31-Dec-16
31-Dec-15
31-Dec-14
31-Dec-10
31-Dec-06
15.5%
31-Dec-19
31-Dec-18
01-Jan-18
31-Dec-17
31-Dec-16
31-Dec-15
31-Dec-14
31-Dec-10
31-Dec-06
31-Dec-19
31-Dec-18
01-Jan-18
31-Dec-17
31-Dec-16
31-Dec-15
31-Dec-14
31-Dec-10
31-Dec-06
CURRENT TERM
CASH & OTHER
MORTGAGE
CAR LOANS
CARDS
IN 2006 AND 2010 CARDS ARE INCLUDED IN “OTHER”
▲14.4pp since 2006 ▲10.7pp since 2006
▲▼ - ytd
RUB BN
flat
IFRS 9
COST OF DEPOSITS OF IND
YIELD ON LOANS TO IND
4.9%
11.9%
FY’19
11.9% 11.8% 11.9% 11.8%
4.8% 4.9% 5.0% 4.8%
1Q'19 2Q'19 3Q'19 4Q'19
MARKET SHARE AS OF 29-FEB-20
YTD
3,423 +1.7%
2M’20 update
YTD
5,222 +3.6%
2M’20 update
TRANSFORMATION MACRO
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 27
TRANSFORMATION MACRO VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 27
LOAN BOOK QUALITY
LOAN WRITE-OFFS
NPLS (90+)
NPL RATIO
ALLOWANCE FOR LOAN
IMPAIRMENT / TOTAL GROSS
LOANS
The Group defines non-performing
loans (NPL) as lifetime expected
credit losses (ECL) credit-impaired
loans with contractual principal and
or interest payments overdue more
than 90 days and purchased or
originated credit impaired (POCI)
loans with principal and or interest
payments becoming overdue more
than 90 days after the date of initial
recognition.
PROVISION FOR LOAN IMPAIRMENT
COVERAGE RATIO
▲▼ - ytd
RUB BN
732 737 728 731 687
31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19
6.4% 6.5% 6.3% 6.1% 6.0%
654 658 657 650 534
31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19
5.7% 5.8% 5.7% 5.5% 4.7%
▼ 6% ▼ 18%
112.0% 112.0% 110.8% 112.4%
128.7%
31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19 31-Dec-19
▲17pp
8.5
46.5 37.2
73.3
1Q'19 2Q'19 3Q'19 4Q'19
FY’19: 165.5
YTD
4.8% +10bp
2M’20 update
YTD
6.2% +20bp
RUB 716 bn +4.2%
2M’20 update
YTD
128.8% +10bp
2M’20 update
TRANSFORMATION MACRO
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 28
TRANSFORMATION MACRO VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX
28%
2%
70%
9.3%
9.4% 8.2%
9.7% 14.6%
80.9% 77.2%
11,242 11,080
31-Dec-18 31-Dec-19
98.4% 96.7%
0.6% 2.0%
0.9% 1.3% 11,424 11,462
31-Dec-18 31-Dec-19
GROSS LOAN PORTFOLIO BREAKDOWN UNDER IFRS 9
0.9%
LOANS AT AMORTISED COST BY
ECL STAGES
PASS
DOUBTFUL
NPL
▲0.3%
50.7%
STAGE 1
STAGE 2
STAGE 3
+ POCI
WATCH
SUB-STANDARD
PROVISION
CHARGE
xx
xx
12 MONTH ECL
LECL
LECL CREDIT-
IMPAIRED
AND PURCHASED
OR ORIGINATED
CREDIT IMPAIRED
ALLOWANCE
RATIO
LOAN PORTFOLIO
xx
▲▼ - yoy
RUB BN
FV THROUGH
P&L
FV THROUGH
OCI
AMORTISED
COST
41%
2%
57%
95%
4% 1%
17.4
61.9
12.8
12M'19
92.1
TRANSFORMATION MACRO
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 29
TRANSFORMATION MACRO VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 29
PROVISION CHARGE AND COST OF RISK
PROVISION CHARGE FOR IMPAIRMENT OF LOANS
LOANS TO INDIVIDUALS
LOANS TO LEGAL ENTITIES
COST OF RISK BREAKDOWN
COST OF RISK
LOANS TO INDIVIDUALS
LOANS TO LEGAL ENTITIES
Provision charge for credit
losses divided by average
gross loans and advances
to customers.
▲▼ - ytd
RUB BN
107.3
42.7
40.6
49.5
147.9
92.2
FY'18 FY'19
▼38%
35.0
0.5
18.0 15.9 8.3
11.4
13.7
13.4 14.0
8.4
46.4
14.2
31.4 29.9
16.7
4Q'18 1Q'19 2Q'19 3Q'19 4Q'19
▼ 64%
1.7%
0.5% 1.1% 1.0%
0.6%
1.5% 0.8%
1.6%
1.8% 1.7% 1.7%
1.0%
1.7%
0.0%
0.9% 0.8%
0.4%
4Q'18 1Q'19 2Q'19 3Q'19 4Q'19
1.6% 1.5%
1.4% 0.5%
FY'18 FY'19
LE ▼ 120bp
IND ▼ 70bp
LE ▼ 90bp
IND ▼ 10bp
y-o-y
1.0% +80bp
2M’20 update
TRANSFORMATION MACRO
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 30
TRANSFORMATION MACRO VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 30
3.4% 3.2% 3.3% 3.3%
3.5%
5.0% 5.1% 4.9% 4.8%
5.3% 5.3% 5.2% 4.9%
1Q'19 2Q'19 3Q'19 4Q'19
8.8% 8.9% 8.8% 8.8%
8.3% 8.5% 8.5% 8.4%
NET INTEREST INCOME
NET INTEREST INCOME AND NIM
YIELD ON TOTAL INTEREST
EARNING ASSETS
YIELD ON CUSTOMER
LOANS
COST OF TOTAL INTEREST
BEARING LIABILITIES
AVERAGE YIELDS AND COST OF FUNDS
COST OF CUSTOMER
DEPOSITS
▲▼ - yoy
RUB BN
440 441
FY'18 FY'19
▲0.2%
109 104 109 110 117
4Q'18 1Q'19 2Q'19 3Q'19 4Q'19
▲ 7%
3.7% 3.4%
YIELD ON TOTAL
INTEREST EARNING
ASSETS
8.5% 8.4%
COST OF TOTAL
INTEREST BEARING
LIABILITIES 4.9% 5.2%
FY’18 FY’19
NIM
y-o-y
3.6% +30bp
RUB 76.5 bn +11.0%
2M’20 update
TRANSFORMATION MACRO
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 31
TRANSFORMATION MACRO VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 31
0.6% 0.7%
84.0 108.5
FY'18 FY'19
FEE AND COMMISSION INCOME BREAKDOWN
NET FEE AND COMMISSION
INCOME
NET FEE AND COMMISSION
INCOME / AVG ASSETS (NET)
NET FEE AND COMMISSION INCOME
INSURANCE PRODUCTS
DISTRIBUTION AND OTHER
AGENCY SERVICES
SETTLEMENT, TRADE
FINANCE AND CASH
TRANSACTIONS
OTHER
GUARANTEES AND OTHER
CREDIT RELATED
COMMITMENTS
OPERATIONS WITH SECURITIES
AND ON CAPITAL MARKETS
FEE AND COMMISSION INCOME ▲▼ - yoy
RUB BN
41% 57%
12%
7% 9%
10% 32%
21% 6%
5%
127.6
166.3
FY'18 FY'19
▲30% ▲ 65%
47% 61% 65%
58% 47%
8% 8%
6% 8%
5% 8% 6%
7% 7%
17% 30% 20%
17% 20%
25%
7% 5%
5% 7%
6%
35.1 30.9
40.4 37.1
57.9
4Q'18 1Q'19 2Q'19 3Q'19 4Q'19
20.7 18.9 26.0 22.4
41.2
4Q'18 1Q'19 2Q'19 3Q'19 4Q'19
▲ 99% ▲29%
0.6% 0.5% 0.7% 0.6%
1.0%
y-o-y
RUB 14.8 bn +31.0%
2M’20 update
TRANSFORMATION MACRO
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 32
TRANSFORMATION MACRO VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 32
42 41 40 38 40
29 20 25
21 30
71.4 60.7
64.9 58.7
69.9
4Q'18 1Q'19 2Q'19 3Q'19 4Q'19
2.0% 1.7% 1.7% 1.5% 1.8%
43.9% 44.3% 48.9% 37.8% 37.7%
1.7% 1.7%
38.3% 41.6%
138 158
88 96
225.8 254.2
12M'18 12M'19
STAFF AND ADMINISTRATIVE EXPENSES
STAFF COSTS AND ADMINISTRATIVE EXPENSES
CIR
COSTS/AVG. ASSETS
AVERAGE NUMBER OF EMPLOYEES (THSD)
STAFF COSTS INCLUDING
PENSIONS
ADMINISTRATIVE
EXPENSES
VTB BANK
OTHER COMPANIES
OF VTB GROUP
▲▼ - yoy
RUB BN
▼ 2.1% ▲12,6%
58 39 57 58 60
20 58 39
30 23
77.7 96.5 96.3 87.4 82.9
4Q'18 1Q'19 2Q'19 3Q'19 4Q'19
53 59
36 23
89.5 81.6
FY'18 FY'19
ZapSibComBank 2.7
Vozrozhdenie Bank 4.5
SarovBusinesBank 0.9
COSTS OF RECENTLY
CONSOLIDATED BANKS
+6.8 pp
COST GROWTH INCLUDING:
INCLUDING:
y-o-y
38.6% -690bp
1.7% flat
RUB 43.8 bn +9.2%
2M’20 update
TRANSFORMATION MACRO
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 33
TRANSFORMATION MACRO VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 33
2M’20 2M’19 Change
3.6% 3.3% 30bp
1.0% 0.2% 80bp
1.7% 1.7% 0bp
38.6% 45.5% -690bp
14.1% 14.1% 0bp
VTB GROUP FINANCIAL HIGHLIGHTS: P&L AND KEY RATIOS
INCOME STATEMENT KEY INDICATORS
KEY FINANCIAL RATIOS
FY’19 FY’18 Change 4Q’19 4Q’18 Change
NIM 3.4% 3.7% -30bp 3.5% 3.4% 10bp
CoR 0.8% 1.5% -70bp 0.6% 1.7% -110bp
Costs / Assets 1.7% 1.7% 0bp 1.8% 2.0% -20bp
CIR 41.6% 38.3% 330bp 37.7% 43.9% -620bp
ROE 12.8% 11.9% 90bp 17.9% 11.0% 690bp
FY’19 FY’18 Change 4Q’19 4Q’18 Change
Net interest income 440.6 439.7 0.2% 116.8 109.0 7.2%
Net fee and commission income 108.5 84.0 29.2% 41.2 20.7 99.0%
Net other income 61.3 65.3 -6.1% 27.4 32.8 -16.5%
Operating income before provisions 610.4 589.0 3.6% 185.4 162.5 14.1%
Provision charge for credit losses and other provisions -103.3 -154.6 -33.2% -25.5 -55.7 -54.2%
Staff costs and administrative expenses -254.2 -225.8 12.6% -69.9 -71.4 -2.1%
Profit before tax 252.9 208.6 21.2% 90.0 35.4 154.2%
Income tax expense -51.7 -30.4 70.1% -16.8 6.2 -371.0%
Net profit 201.2 178.2 12.9% 73.2 41.6 76.0%
RUB BN
12M’19 IFRS consolidated
financial
statements
2M’20 IFRS unaudited
financial
statements
2M’20 2M’19 Change
76.5 68.9 11.0%
14.8 11.3 31.0%
22.0 8.0 175.0%
113.3 88.2 28.5%
-18.0 -2.8 542.9%
-43.8 -40.1 9.2%
51.5 45.3 13.7%
-12.7 -10.2 24.5%
38.8 35.1 10.5%
TRANSFORMATION MACRO
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 34
TRANSFORMATION MACRO VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX 34
31-Dec-19 30-Sep-19 4Q to 3Q 31-Dec-18 YOY
NPL ratio (1) 4.7% 5.5% -80bp 5.7% -100bp
LLR ratio 6.0% 6.1% -10bp 6.4% -40bp
Coverage ratio 128.7% 112.4% 1630bp 112.0% 1670bp
VTB GROUP FINANCIAL HIGHLIGHTS: BALANCE SHEET
BALANCE SHEET KEY INDICATORS
KEY ASSET QUALITY RATIOS
31-Dec-19 30-Sep-19 4Q to 3Q 31-Dec-18 YOY
Gross loan portfolio 11,461.5 11,912.7 -3.8% 11,423.5 0.3%
Loans to legal entities 8,096.2 8,491.3 -4.7% 8,435.0 -4.0%
Loans to individuals 3,365.3 3,421.4 -1.6% 2,988.5 12.6%
Total assets 15,516.1 15,624.6 -0.7% 14,760.6 5.1%
Customer deposits 10,974.2 11,288.4 -2.8% 10,403.7 5.5%
Deposits of legal entities 5,932.6 6,485.7 -8.5% 5,995.8 -1.1%
Deposits of individuals 5,041.6 4,802.7 5.0% 4,407.9 14.4%
Total liabilities 13,862.8 14,030.1 -1.2% 13,237.6 4.7%
Total shareholders' equity 1,653.3 1,594.5 3.7% 1,523.0 8.6%
(1) The Group defines non-
performing loans (NPL) as
lifetime expected credit losses
(ECL) credit-impaired loans with
contractual principal and or
interest payments overdue more
than 90 days and purchased or
originated credit impaired
(POCI) loans with principal and
or interest payments becoming
overdue more than 90 days after
the date of initial recognition.
RUB BN
29-Feb-20 YTD
11,494 0.3%
8,070.8 -0.3%
3,423.1 1.7%
15,307.4 -1.3%
11,280.9 2.8%
6,058.8 2.1%
5,222.1 3.6%
13,601.4 -1.9%
1,706.0 3.2%
29-Feb-20 YTD
4.8% 10bp
6.2% 20bp
128.8% 10bp
12M’19 IFRS consolidated
financial
statements
2M’20 IFRS unaudited
financial
statements
TRANSFORMATION
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
35
VTB AT A GLANCE BUSINESS OVERVIEW STRATEGY & GUIDANCE APPENDIX MACRO
INTERNATIONAL DEBT MATURITY PROFILE (2) USD MLN
Borrower Currency Amount outstanding
(mln) Instrument Maturity Date/Put or Call Option Coupon ISIN
2020
VTB USD 948 Series 10 EMTN 2 October 2020 6.551% XS0548633659
2022
VTB USD 1,500 Series 21 EMTN 2 Subordinated Debt October 2022 6.95% XS0842078536
2024
VTB CHF 350 Series 4 EMTN 3 Subordinated Debt October 2024 (call option) 5.0% CH0248531110
2035
VTB USD 31 Series 6 EMTN 1 June 2035 6.25% XS0223715920
Perpetual
VTB USD 2,250 Tier 1 Perpetual Eurobond (call option) Dec 2022 (call option)(1) 9.5% XS0810596832
(1) Fixed until the first call date, then reset on 6-Dec -22 and every 10th year thereafter
VTB GROUP PUBLIC DEBT AND HYBRID CAPITAL INSTRUMENTS
827
1,339
238 25
2020 2022 2024 2035
USD
CHF
(2) Net of bought back public debt. exchange rates published by the CBR as of March 28, 2020. In addition to international debt, VTB Group currently has RUB 177.3 bn domestic bonds (as of
April 1, 2020).
0
159
223
10
41
115
173
175
175
120
180
151
214
224
141
241
204
86
234
107
80
0
170
255
0
40
130
135
135
135
120
180
151
214
224
141
Investor Relations
Tel: +7 (495) 775-71-39
e-mail: [email protected]
