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VTB Bank Advances in Rating of Billionaire Banks

VTB Bank Advances in Rating of Billionaire Banks

VTB Bank has  moved to the 4th position in the rating of billionaire commercial banks and surpassed Cartu Bank after Bank Republic.

The bank’s assets in the second quarter rose by 2.8%. The loans portfolio increased by 5.7% quarter on quarter.

In the first half of 2016 VTB Bank’s profits made up 9 million GEL, up 2.6 times quarter on quarter.

 Q2/2016 Q1/2016
 GEL  GEL
Profits     8 927  3 491
Assets  1 336 483  1 299 879
Deposits    738 946     770 757
Loans     867 331     820 491

As reported, in June VTB Bank ranked fifth on the market.