Frontierby eninvs

Language: EN / RU

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Bank VTB (VTBR) USD

VTB is Russia's second-largest bank, state-controlled, serving corporate, retail and investment banking clients across the country.

At a glance: strengths & risks
✓Revenue growing (+82% y/y, Q2 2026)✓Strong ROE (22%)✗Profit falling (-34% y/y, Q2 2026)✗Dividend-trap risk

Sector: Financial Services

RU_VTBR

Price chart

56.68 RUBDay -0.69%

Key metrics

Market

Price
56.68 RUB · -0.69%
Market cap
15.3 bn USD

Growth

Δ NII y/y
137.1%
Δ net profit y/y
-29.0%

Multiples

P/E (LTM)
2.7x
3y avg: 2.5x
P/B (FY)
0.5x
3y avg: 0.6x
P/E (ann.)
3.1x

Returns

Dividend yield
17.0%
ROE (annualized)
16.1%
ROI (ROE ÷ P/B)
31.1%

Value creation

annualized net income / market cap (return on equity value)
Banking potential
+61.6%
↓ details

Liquidity

Daily turnover (MOEX)
6 bln RUB

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusNet interest incomeM USDNet profitM USDAssetsM USDEquityM USDROE (annualized)Source
2026-06-30Q2 2026 (3M)OK2753.3
y/y 137.1%
1225.0
y/y -29.0%
495239.5
y/y 8.8%
30894.9
y/y —
16.1%Report (PDF)
2026-03-31Q1 2026 (3M)OK2488.8
y/y 336.4%
1683.2
y/y 9.8%
467655.7
y/y 9.5%
30002.9
y/y 8.5%
22.6%Report (PDF)
2025-12-31Q4 2025 (3M)OK2063.4
y/y 268.0%
1528.0
y/y -14.7%
471505.3
y/y 32.9%
29520.6
y/y 13.0%
20.7%Report (PDF)
2025-09-30Q3 2025 (3M)OK1500.4
y/y 0.1%
1240.2
y/y 13.2%
432991.9
y/y 19.2%
28421.2
y/y 32.6%
—Report (PDF)
2025-06-30Q2 2025 (3M)OK1161.4
y/y -22.0%
1724.8
y/y 0.7%
455060.3
y/y 24.6%
—
y/y —
—Report (PDF)
2025-03-31Q1 2025 (3M)OK570.3
y/y -66.4%
1533.1
y/y 13.5%
426953.2
y/y 26.7%
27662.1
y/y 44.1%
22.8%Report (PDF)
2024-12-31Q4 2024 (3M)OK659.6
y/y -69.9%
1802.1
y/y 271.2%
354743.4
y/y 8.3%
26116.3
y/y 40.7%
25.0%Report (PDF)
2024-09-30Q3 2024 (3M)OK1498.4
y/y -28.6%
1095.5
y/y 19.5%
363149.1
y/y 25.4%
21436.1
y/y -19.2%
6.6%Report (PDF)
2024-06-30Q2 2024 (3M)OK1489.3
y/y -38.5%
1713.0
y/y -2.3%
365317.0
y/y 19.2%
22580.1
y/y 22.9%
32.8%Report (PDF)
2024-03-31Q1 2024 (3M)OK1697.1
y/y -29.9%
1350.6
y/y -33.3%
336958.4
y/y —
19192.1
y/y —
28.6%Report (PDF)
2023-12-31Q4 2023 (3M)OK2050.9
y/y —
601.5
y/y —
327603.5
y/y —
18562.1
y/y —
23.0%Report (PDF)
2023-09-30Q3 2023 (3M)OK2097.7
y/y —
916.4
y/y —
289560.0
y/y —
26521.7
y/y —
5.4%Report (PDF)
2023-06-30Q2 2023 (3M)OK2423.2
y/y —
1754.1
y/y —
306512.0
y/y —
18369.8
y/y —
—Report (PDF)
2023-03-31Q1 2023 (3M)OK2419.9
y/y —
2026.2
y/y —
—
y/y —
—
y/y —
—Report (PDF)

Conversion to USD. Balance sheet: rate effective on 2026-06-30, fixing date 2026-06-30. Flows: sampled average at each calculation period's bounds and monthly 15ths. Latest source row: 2026-04-01 — 2026-06-30. Source: Bank of Russia R01235. Rates

Income statement (bank, IFRS)

IFRS decomposition: interest, fee and trading result with provisions, costs and the recurring/non-recurring profit split (bn RUB). Source: eninvs.com.

Item, bn RUB202320242025YoY
Interest income2 4544 1024 976 +21%
Interest expense-1 693-3 615-4 542 -26%
Net interest income761487434 -11%
Credit-loss provisions-188-25.4-193 -660%
NII after provisions574462241 -48%
Fee & commission income217269307 +14%
Net fee & commission income217269307 +14%
Financial instruments & investment result149323719 +122%
Other operating income, net21.436.2-47.5 -231%
Operating income978756741 -2%
Administrative & other expenses (SG&A)-868-1 061-1 219 -15%
Profit before tax518575425 -26%
Income tax-86.0-22.5—
Net profit432553504 -9%
of which recurring308242-348 -244%
of which non-recurring124310852 +174%
Key ratios (annual)
ROE31.2%25.6%20.3% -5.3 pp
Cost of risk (CoR)1.04%0.12%0.84% +0.7 pp
Cost-to-income (CIR)88.7%140.3%164.6% +24.3 pp
Net interest margin (NIM)2.83%1.49%1.19% -0.3 pp

Quarterly dynamics & ratios

ROE = (net profit − perpetual bond coupons) ×4 / avg equity excl. perpetuals; CoR = provisions ×4 / avg credit portfolio; CIR = admin expense / operating income; NIM = NII ×4 / avg assets.

Quarter24/09
Q3		24/12
Q4		25/03
Q1		25/06
Q2		25/09
Q3		25/12
Q4		26/03
Q1		26/06
Q2
P&L, bn RUB
Net interest income13465.052.694.2121166197209
Provisions-33.471.7-58.1-47.6-10.4-76.91 005-64.9
Net fee income74.282.472.772.980.680.980.195.7
Financial instruments & investment13.3192319-42.7-5.1448172-1.4
Operating income208147125167202247277304
Admin (SG&A)-242-353-258-276-287-398-302-144
Net profit97.917814114010012313392.9
Balance (period-end), bn RUB
Credit portfolio22 50922 60722 69722 67522 65123 19823 76824 240
Securities portfolio (bonds)802912953938————
Customer deposits25 59226 92726 22526 08326 27427 89627 82427 555
Other assets10 35812 55212 07812 09513 23013 68714 25014 266
Total assets33 66836 07035 72835 70835 88136 88438 01838 507
Equity1 9872 6562 315~2 3352 3552 3092 4392 402
Key ratios (annualised)
ROE (annualised)20.0%30.6%22.8%24.1%*17.1%21.1%22.4%15.4%
Cost of risk (CoR)0.60%-1.27%1.03%0.84%0.18%1.34%-17.12%1.08%
Cost-to-income (CIR)116.3%239.3%205.7%164.9%142.3%161.4%109.1%47.2%
Net interest margin (NIM)1.65%0.75%0.59%1.05%1.35%1.82%2.10%2.18%

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Monthly operating statistics (RAS, bank charter)

<div class='muted' style='font-size:.72rem;line-height:1.2'>32.6 bln mo</div> source: CBR

Bank potential breakdown (Return per share)
ReportedForecastMonthly ×12
Reporting periodH1 2026
RAS profit, quarter months
Jan 2026 27.4 bln
Feb 2026 53.7 bln
Mar 2026 59.4 bln
Apr 2026 34.1 bln
May 2026 33.1 bln
Jun 2026 53.1 bln
Jan 2026 27.4 bln
Feb 2026 53.7 bln
Mar 2026 59.4 bln
Apr 2026 34.1 bln
May 2026 33.1 bln
Jun 2026 53.1 bln
RAS profit, following months
Jul 2026 31.2 bln
Aug 2026 86.2 bln
Forecast profit change (×1.14)+14%
Annualised profit, mln RUB452.0 bln515.0 bln1.0 trn
Book (equity)2.4 trn2.4 trn2.4 trn
ROE (annualised)19%21%43%
Price / Book0.52x0.52x0.52x
Potential [ROE / P/B]+36%+41%+82%
Card headline: avg of Forecast & Monthly+62%

Potential = annualised net profit / market cap (= ROE / P/B). 'Reported' is the last IFRS quarter annualised; 'Forecast' adjusts it for seasonality from the latest monthly RAS data (multiplier X = profit of the most recent months / profit of the quarter's months); 'Monthly ×12' annualises the latest RAS month. RAS = parent bank charter, IFRS = group; the bases differ, so the forecast is a momentum indicator.

PeriodNet interest income (YTD)Non-interest result (YTD)
CBR Form 102
Pre-tax profit (YTD)Net profit (YTD)Total comprehensive income
CBR Form 102
Aug 2026 📄 PR———378.2 bln
+79.6% y/y · 86.2 bln mo +242.2%
—
Jul 2026 📄 PR184.6 bln
+476.0% y/y · 41.9 bln mo +240.4%
119.8 bln
+49.1% y/y · -8.0 bln mo +7.2%
304.3 bln
+170.9% y/y · 33.9 bln mo +811.7%
291.9 bln
+57.5% y/y · 31.2 bln mo +50.6%
299.8 bln
+66.4% y/y · 18.3 bln mo -26.9%
Jun 2026 📄 PR405.6 bln
+176.3% y/y
127.7 bln
+43.7% y/y · 74.4 bln mo -13.7%
280.5 bln
+21.1% y/y
225.2 bln
-19.7% y/y
281.5 bln
+81.4% y/y · 62.2 bln mo -50.4%
May 2026 📄 PR144.5 bln
+547.0% y/y · 42.0 bln mo +250.8%
53.3 bln
×20 y/y · -20.1 bln mo +47.7%
197.8 bln
+691.4% y/y · 21.9 bln mo turned +
207.7 bln
+160.3% y/y · 33.1 bln mo +403.4%
219.3 bln
+636.4% y/y · 24.2 bln mo +208.3%
Apr 2026 📄 PR102.4 bln
+890.2% y/y · 57.4 bln mo +891.3%
73.4 bln
+78.5% y/y · -30.5 bln mo -4696.2%
175.9 bln
+241.6% y/y · 26.9 bln mo +422.0%
174.6 bln
+138.5% y/y · 34.1 bln mo +24.1%
195.1 bln
+789.8% y/y · 39.8 bln mo +763.6%
Mar 2026 📄 PR196.8 bln
+274.1% y/y
103.9 bln
+148.8% y/y · 79.0 bln mo +524.8%
169.2 bln
-7.0% y/y
132.6 bln
-6.1% y/y
155.3 bln
+796.8% y/y · 74.2 bln mo turned +
Feb 2026 📄 PR47.8 bln
+379.2% y/y · 15.2 bln mo +103.8%
24.9 bln
-14.5% y/y · 37.8 bln mo +42.5%
72.7 bln
+86.0% y/y · 53.0 bln mo +56.0%
81.1 bln
+104.7% y/y · 53.7 bln mo +55.6%
81.1 bln
+256.2% y/y · 51.2 bln mo +125.0%
Jan 202632.6 bln
×13 y/y · 32.6 bln mo ×13
-12.9 bln
turned − y/y · -12.9 bln mo turned −
19.7 bln
+285.7% y/y · 19.7 bln mo +285.7%
27.4 bln
+436.4% y/y · 27.4 bln mo +436.4%
29.9 bln
29.9 bln mo
Dec 2025 📄 PR433.6 bln111.4 bln
-76.5% y/y · -13.6 bln mo
425.1 bln502.1 bln353.4 bln
-40.2% y/y · 27.8 bln mo
Nov 2025 📄 PR88.5 bln
-4.9 bln mo
124.9 bln
41.8 bln mo
213.4 bln
37.0 bln mo
343.0 bln
77.5 bln mo
325.6 bln
86.8 bln mo
Oct 2025 📄 PR93.3 bln
66.1 bln mo
83.1 bln
-48.2 bln mo
176.4 bln
17.9 bln mo
265.5 bln
13.1 bln mo
238.8 bln
7.8 bln mo
Sep 2025 📄 PR267.9 bln
121.1 bln mo
131.3 bln
23.3 bln mo
317.7 bln380.8 bln
100.0 bln mo
231.0 bln
32.6 bln mo

Balance sheet & capital (issuer press release)

Period-end balances + capital adequacy + profitability. Extracted from the issuer's monthly press release (LLM parsing).

PeriodTotal assets
Mar 202638.0 trn
+6.4% y/y
Dec 202536.9 trn

Capital adequacy ratios (CBR)

Bank of Russia form 0409135 · latest reporting date 01.09.2026 (August 2026) · systemically important

Н1.09.71%headroom -0.29min. 10.00%
Н1.27.30%headroom -0.70min. 8.00%
Н1.15.76%headroom -0.74min. 6.50%
Н20.010.66%headroom +0.66group, 01.07.2026
group:
9.310.09.71%10.202509.2026ratio · dashed — minimum · bars — headroom
DateН1.0, % (headroom)Н1.2, % (headroom)Н1.1, % (headroom)Н20.0, % (headroom)Н20.2, % (headroom)Н20.1, % (headroom)Н2, %Н3, %Н4, %Status
01.09.20269.71 (-0.29)7.30 (-0.70)5.76 (-0.74)———104.89109.7057.32breach
01.08.20269.68 (-0.32)7.78 (-0.22)6.32 (-0.18)———105.55104.0658.55breach
01.07.20269.78 (-0.22)7.61 (-0.39)6.13 (-0.37)10.66 (+0.66)8.70 (+0.70)7.26 (+0.76)93.9492.9459.28breach
01.06.20269.63 (-0.37)7.60 (-0.40)6.18 (-0.32)10.50r (+0.50)8.40r (+0.40)7.10r (+0.60)98.4582.9857.58breach
01.05.20269.67 (-0.33)7.80 (-0.20)6.33 (-0.17)10.50r (+0.50)8.50r (+0.50)7.10r (+0.60)90.7483.7557.10breach
01.04.20269.97 (-0.03)7.59 (-0.41)6.05 (-0.45)10.71 (+0.71)8.76 (+0.76)7.29 (+0.79)87.2185.9856.98breach
01.03.20269.34 (-0.66)7.20 (-0.80)5.70 (-0.80)9.90r (-0.10)7.70r (-0.30)6.30r (-0.20)89.50105.3255.49breach
01.02.20269.46 (-0.54)7.34 (-0.66)5.83 (-0.67)———103.92109.4754.70breach
01.01.20269.37 (-0.63)7.27 (-0.73)5.75 (-0.75)9.84 (-0.16)7.70 (-0.30)6.30 (-0.20)112.81132.7854.78breach
01.12.20259.44 (+0.19)7.35 (+0.10)5.80 (+0.05)9.60r (+0.35)7.70r (+0.45)6.10r (+0.35)96.04119.0054.77watch
01.11.20259.65 (+0.40)7.74 (+0.49)6.17 (+0.42)9.80r (+0.55)7.80r (+0.55)6.20r (+0.45)92.91118.3354.35watch
01.10.20259.81 (+0.56)7.81 (+0.56)6.19 (+0.44)9.97 (+0.72)8.05 (+0.80)6.42 (+0.67)107.75142.5754.08watch

CBR reporting dates are the 1st of the month, i.e. the previous month's close. Figures in brackets are headroom over the minimum incl. buffers; «r» marks a value taken from the bank's own release (clickable). N20.x are banking-group ratios, N2/N3/N4 are liquidity ratios, N27 is the NSTLR.

All banks, full history and liquidity ratios →

Quality / corporate governance

Potential discount −53% (factor 0.47)

This company's ranking potential is scaled down by a quality/governance factor from the signals below — de-prioritising 'cheap but problematic' names.

P/B — daily history

Current 0.52x · 3-year median 0.71x

P/B3-year median

P/E — daily history

Current 2.8x · 3-year median 3.2x

P/E3-year median

P/B is market cap ÷ equity of the latest reported quarter, P/E is ÷ profit of the last four quarters. EV/EBITDA is not computed for financials: EBITDA is not a meaningful line for them and their net debt is operating liquidity, not leverage.

Peer comparison

Group: Financial Services. Every peer trades on the same market, so no adjustment is needed.

CompanyMarketCap, $bnP/E
MTS BankRussia0.41.9x
MosgorlombardRussia0.02.2x
SovcombankRussia2.82.8x
SberbankRussia80.23.5x
DOM.RFRussia4.63.5x
ZaymerRussia0.23.7x
Bank Sankt-PeterburgRussia1.43.8x
TBankRussia8.83.9x
CarMoneyRussia0.04.6x
EuroplanRussia1.010.6x
Credit Bank of MoscowRussia4.114.9x
Group median3.7x
Group average5.0x
This companyRussia15.32.7x

Group median 3.7x; this company 2.7x — a 27% discount.

Group average 5.0x; against the average this company is at a 47% discount. The average sits 36% above the median: Credit Bank of Moscow (14.9x) skews the group.

At the adjusted group median the market cap would be +37% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 28.3x, Russia 5.9x, South Africa 11.1x, Kazakhstan 9.2x, India 27.4x, Indonesia 7.3x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-22; the company's own is live.

Dividend potential

High yield on falling profit

The forecast yield is high but full-year profit fell >20% — the payout rests on past earnings and is likely to be cut. Upside is suppressed to avoid flagging a yield trap as a buy.

1 · Forecast dividend (per policy)
Smoothed net profit (median YTD-ann./LTM/FY)452 bn RUB
Payout ratio16%
Recent actual dividend (3-yr median)9.71 ₽
= Forecast dividend per share9.71 ₽
2 · Fair yield (spread to key rate)
CBR key rate14.0%
Historical yield spread to rate (3-yr median)+15.1 pp
= Fair dividend yield (bank floor ≈ rate−3.5)29.1%
3 · Valuation → upside
Current price56.98 ₽
Forecast dividend yield17.0%
Fair price (dividend-based)33.32 ₽

Forecast, not investment advice. Earnings annualization and policy assumptions are estimates.

Three-year model and IRR with caveats

Expected IRR: +43% (bear +9% … bull +66%)

price in 3 years 125 ₽ (+119% к 56.99 ₽); dividends along the way 30.27 ₽ (+53% цены); base — LTM на 2026-06-30 (H1)

Metric, RUB mlnLTM, actual
12m to 30.06.2026
2027
12m to 30.06
2028
12m to 30.06
2029
12m to 30.06
Assets38.51 trn51.98 trn63.46 trn72.97 trn
Asset growth—+35%+22%+15%
Return on assets1.17%1.25%1.30%1.37%
Opening equity2.40 trn2.40 trn2.95 trn3.65 trn
ROE18.7%27.1%28.0%27.5%
Net profit448.8 bn649.8 bn826.5 bn1.00 trn
Closing equity—2.95 trn3.65 trn4.49 trn
Equity to assets—5.7%5.7%6.2%
Dividend per share9.71 ₽7.94 ₽10.10 ₽12.23 ₽
Yield on current price17.0%13.9%17.7%21.5%
Where the growth comes from
Revenue-growth sourceweightgrowth: yr 1 · 2 · 3
Realised pace (acceleration/deceleration)
LTM YoY +59%; acceleration +0.0pp; capped: no other source corroborates it
LTM г/г по отчётности		100%+35% · +22% · +15%
Model assumptions
Exit multipleP/B 0.61x (0.49x…0.90x)
Partial re-rating: the mean of today's P/B 0.52 and the three-year median 0.71. For banks this base is measurably better — on our daily series (14 names, 5,163 observations) the median three-year error is 0.42 against 0.45 for today's multiple and 0.50 for the median alone, and the odds of ending above today's are 48%. Full re-rating to 0.90 is the bull case
Key rate by year13.2% · 9.8% · 8.1% (averaged over the 12 months to each model year end, not over the calendar year)
Cost inflation6.2% · 5.6% · 5.3%
Dividend policy16% of net profit
Current CPI (actual)6.3%, на 2026-09-30
Governancequality multiplier 0.47 — flags: dividend_decline, curated; the model's dividend is cut 15% by penalties measured on distributions
Model versus analyst forecasts
Linemodelanalystsgap
2027 Консенсус, houses: 7.0 · blended from 50% 2026 + 50% 2027
Net profit649.8 bn595.6 bn1.09x
2028 Консенсус, houses: 3.0 · blended from 50% 2027 + 50% 2028
Net profit826.5 bn640.0 bn1.29x

The comparison runs on financial results, not target prices: a target depends on the multiple and horizon, while revenue and EBITDA forecasts compare directly.

Forecast accuracy measured on history
Historical forecast checkobsmedian errorbias±20%
Net profit631%1.13x33%

The model is anchored at each past reporting date with only the data available then, and its one-year-ahead forecast is compared with the actual. Rates and inflation are actuals, so this checks the operating forecast, not macro guessing.

Independent one-year estimates: eninvs Company_Forecast — 90.98 ₽; eninvs DividendPrediction — 30.18 ₽; Frontier див-модель — 33.32 ₽. Ours on the same horizon — 82.14 ₽

Checks and caveats
  • ⚠ Growth rests on a single source (momentum)
  • ⚠ Historical check (8 observations): median profit miss 20.7 pp of revenue, within ±5 pp in 0% of cases, relative error 31% at bias 1.13x
  • ⚠ The share count is growing: 2592m 3.0 years ago against 12928m now — 70.9% a year, last change 2026-04-29. If that pace holds, the value of a share in year 3 is 49% below the base figure: the base holds today's count (no issue is announced) and continued dilution sits in the bear case
  • ⚠ Governance: quality multiplier 0.47 (flags: dividend_decline, curated). Penalties measured on distributions cut the model's dividend by 15%
  • ⚠ The name has two share classes: ordinary shares are 59% of the market cap. The exit multiple is computed on the whole cap, so the exit value is split between classes in the same proportion — otherwise the ordinary upside would be overstated 1.71x
  • ⚠ The reporting-period series needed repair: 3 rows discarded as incompatible with the cumulative convention (years 2022, 2023), and 6 cumulative periods rebuilt by summing standalone quarters. The database carries quarters labelled as halves and nine-month periods; LTM and year-on-year growth computed on those are wrong, so they are dropped
  • ⚠ The forecast cash flow cannot be checked against the statement: the group holds a bank or fintech, so client money inflows land in operating cash flow — Ozon's 'actual' comes to +216bn where the formula gives minus 42. No conversion correction is applied here
  • ✓ Year-3 ROE 27%
  • ✓ Three-year dividends — 53% of the current price
  • ✓ IRR +43%
  • ✓ Profit runs off assets rather than retained earnings; the capital cushion covers the whole horizon
  • ✓ Base is fresh: report 4 months old
  • ✓ Versus the analyst forecast for 2027 (7 houses): profit 1.09x
  • ✓ One-year value agrees with an independent estimate: eninvs Company_Forecast (0.90x). Compared with: eninvs Company_Forecast, eninvs DividendPrediction, Frontier див-модель
  • Profit runs off assets (RoA 1.17%), not retained earnings; asset growth from смесь взглядов на темп бизнеса. Growth is capped by leverage: equity/assets stays above 4.5%, the bank's own historical minimum.

A forecast, not investment advice. Related-market prices are held at today's level, so the model answers what the business earns and is worth if markets stay here — it does not predict prices.

Dividend history

Paid, trailing 12-mo: 9.71 RUB/sh · 17.0%

Pay yearDividend /sh
20269.71 ₽
202525.58 ₽
20217.00 ₽
20203.87 ₽
20195.50 ₽
201817.27 ₽
20175.85 ₽
20165.85 ₽
Payments by period
PeriodLast day to buy/sh
2026 q32026-07-179.71 ₽
2025 q32025-07-1025.58 ₽
2021 q32021-07-137.00 ₽
2020 q42020-10-013.87 ₽
2019 q22019-06-205.50 ₽
2018 q22018-05-3117.27 ₽
2017 q22017-05-085.85 ₽
2016 q22016-06-305.85 ₽
2015 q32015-07-025.85 ₽
2014 q22014-06-275.80 ₽

Dividends

No dividend rows found for this issuer.

Trading microstructure: order book & tape

Share of volume initiated by buyers (crossing the spread):
1d: 44% buy — sellers5d: 52% buy — balanced20d: 52% buy — balanced

Iceberg levels last session: 4 bid / 6 ask; largest — ask 56.25 (filled ×7.6 of displayed, 54 refills).
Robot clips (recurring characteristic order size): 1 bid / 4 ask; largest — ask 1736 lots ×590 appearances across 169 price levels. Ping probes (1-2 lots, typical iceberg hunting): bid ×316, ask ×373.

DayBuyer initiativeIcebergs bid/askRobots bid/askTrades
21.1044%4/61/471,176
20.1059%0/31/152,841
19.1054%1/43/367,440
16.1056%1/02/234,588
15.1048%0/11/139,866

Source: L2 order book + trade tape (TQBR main session, ~23 liquid names). Trade side = the aggressor crossing the spread. Iceberg = level filled a multiple of its displayed size with regular refills. Robot clip = a non-round order size recurring hundreds of times across dozens of price levels (an algo's fingerprint migrating with price); ping = 1-2 lot probe orders. Updated nightly.

Investment-community mentions

Substantive mentions last 7 days: 2, last 30 days: 11 (2 positive, 4 negative) across tracked channels, broker research and shows. 27 passing mentions (digests, calendars) hidden.

Sources: Telegram channels (bloggers — blue chip, broker research — green), YouTube shows via transcripts (orange). Tone (▲/▼) is an automatic assessment in the stock's context. Quotes are fragmentary; authors' views are not our recommendations.

RU equity fund ownership

Disclosed in the top-10 of 3 of 17 funds, ≈28 млн ₽ combined.

FundManagerWeight≈PositionΔ weight m/mDisclosure
GROD ДОХОДЪ Индекс акций ростаДОХОДЪ5.13%10 млн ₽—31.08.2026
BCSR БКС Индекс Российского рынкаБрокеркредитсервис4.18%15 млн ₽—31.08.2026
SBPS Первая – Фонд Моя цель 2035Первая2.98%4 млн ₽—31.08.2026

Source: monthly fund portfolio disclosures (investfunds); NAV is daily. Disclosures list each fund's top-10 only, so absence does not mean no position. Weight changes mix revaluation with trading. Fund flows and betas live in the fund monitor on the RU region page.

Reporting forms detected in loaded periods: ✓ ✓ — (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B), profitability and dividend yield of Bank VTB (VTBR) — from primary filings.

Frequently asked questions

What is Bank VTB (VTBR)'s P/E ratio?
Bank VTB (VTBR) trades at a P/E of 2.7x (price to trailing 12-month earnings).
What is Bank VTB (VTBR)'s P/B ratio?
Bank VTB (VTBR) trades at a P/B of 0.5x.
What is Bank VTB (VTBR)'s dividend yield?
Bank VTB (VTBR)'s trailing 12-month dividend yield is 17.0%.
What is Bank VTB (VTBR)'s return on equity (ROE)?
Bank VTB (VTBR)'s ROE is 16.1%.
What is Bank VTB (VTBR)'s market capitalization?
Bank VTB (VTBR)'s market cap is 15.3 bn USD.

Bonds by this issuer

IssueYTMCouponPrice, %1DVolume today, ₽Avg vol. 20D, ₽Maturity
ВТБ Б1-332—0.01%99.93+0.00%9K135K10.2026
ВТБ Б1-382—0.01%99.87+0.35%398K759K10.2026
ВТБ Б1-24514.8%0.01%99.25+0.00%99K752K11.2026
ВТБ Б1-38319.9%0.01%99.01+0.10%1.3M346K11.2026
ВТБ Б1-33426.0%0.01%98.74+0.00%3K26K11.2026
ВТБС1-1597—0.01%0.16+0.00%22K11.2026
ВТБ Б1-22721.9%0.01%98.76-0.86%1.5M186K11.2026
ВТБ Б1-21722.3%0.01%98.20-1.77%2K135K11.2026
ВТБ Б1-38420.2%0.01%98.30+0.00%29K317K11.2026
ВТБ Б1-346floatfloat99.90-0.03%1.9M4.7M12.2026
ВТБ Б1-375floatfloat————put 12.2026
ВТБ Б1-373floatfloat————12.2026
ВТБ Б1-38619.9%0.01%97.64-1.85%372K295K12.2026
ВТБ Б1-2465.4%0.01%98.89+0.00%99K232K12.2026
ВТБ Б1-38723.3%0.01%96.89+0.00%8K432K12.2026
ВТБ С1-800—0.01%43.19+0.00%432347K12.2026
ВТБ Б1-40013.6%13.5%100.08+0.03%133K2.2M12.2026
ВТБ Б1-29522.5%0.01%96.50-3.50%19K277K12.2026
ВТБ Б1-38817.8%0.01%97.13+0.00%2K578K12.2026
ВТБ Б1-255—0.01%104.00+0.00%161K225K01.2027

and 162 more issue(s)

Price, YTM and turnover from MOEX; 1D is the current price vs the previous session close; floaters have no fixed YTM. Not investment advice.

See also: The Cheapest Bank Stocks in the World (2026): Where Global Banks Trade Below Book · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map