VTB Q2 2026: Net Interest Income Surges 121.7% YoY, but Net Profit Declines 33.6%
VTB reported Q2 2026 net interest income of RUB 208.8bn, up 121.7% YoY, though net profit fell 33.6% to RUB 92.9bn. Revenue growth decelerated sharply from the 274.1% YoY surge in Q1 2026.
YoY Growth: Q2 2026 vs Q2 2025
Key Drivers
The sharp rise in net interest income reflects a low base from Q2 2025 (RUB 94.2bn) and likely improved lending margins. However, net profit declined due to higher provisioning or operating costs, as equity remained stable at RUB 2,402.2bn vs RUB 2,439.1bn in Q1 2026.
Key Figures
| Metric | Q2 2025 | Q2 2026 | Change |
|---|---|---|---|
| Net Interest Income | 94,200 | 208,800 | +121.7% |
| Net Profit | 139,900 | 92,900 | -33.6% |
| Equity | N/A | 2,402,200 | N/A |
Outlook
With net interest income growth decelerating and net profit under pressure, investors should watch for margin trends and cost control in coming quarters. No dividend or guidance updates were provided in the release.
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