INVESTOR PRESENTATION
February 2020
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.
VTB at a Glance
Macro Environment in Russia
Strategy and Guidance
Business Overview
Appendix
Transformation
9
12
4
15
19
23
4
VTB AT A GLANCE
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 5
▲ - YTD CHANGE
OVERVIEW OF VTB GROUP
VTB Group
17
EMPLOYEES
84
BRANCH NETWORK
1.7
GLOBAL PRESENCE
countries
18.7%
21.5%
LOANS TO
INDIVIDUALS
16.4%CREDIT RATINGS
BBB-
Moody’s
CLIENT BASE
14
ATMsASSETS
15.7
▲10bp▼ 30bp
▲ 110bp ▲110bp
▲20bp
MARKET SHARE AS OF 30-NOV-19
MORTGAGEDEPOSITS OF
INDIVIDUALS
MARKET CAPITALISATION
ASSETS CORPORATE
LOANS
CORPORATE
DEPOSITS
in Russia
23.8%
17.4%
15.1%
15
thsd
in Russia
RUB trln thsd
in Russia
ruAAA
Baa3
9.7USD bn
thsd
mln banking
clients
in Russia
▲80bp
AS OF 25-DEC-19
AS OF 30-NOV-19
AS OF 30-SEP-19 AS OF 30-SEP-19
AS OF 30-SEP-19
AS OF 30-SEP-19
AS OF 30-NOV-19
AS OF 31-OCT-19
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 6
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
35.5%
INDIVIDUAL INVESTORS
3.6%
DATA AS OF 08-OCT-19
STRUCTURE OF VOTING RIGHTS
+50 bp ytd
VTB INDIVIDUAL SHAREHOLDER BASE
IS RAPIDLY INCREASING
LISTING OF VTB ORDINARY SHARES AND GDRs
% OF FREE FLOAT
+4.4 pp
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%
≈ 90thsd
≈ 89thsd
≈94 thsd
≈121thsd
≈159thsd
2 0 1 5 2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9Dec’2019
3.3% 3.1% 4.2%7.8% 7.7%
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 7
REPORTS
VTB CORPORATE GOVERNANCE SYSTEM
APPROVES
ELECTS
REPORTS
REPORTSELECTS
ELECTSELECTS
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
14 MEMBERS INTERNAL AUDIT
DEPARTMENT
AUDIT
COMMITTEE
STRATEGY AND
CORPORATE
GOVERNANCE
COMMITTEE
STATUTORY AUDIT
COMMISSION
GENERAL MEETINGOF SHAREHOLDERS
INDEPENDENT AUDITOR
STAFF AND
REMUNERATION
COMMITTEE
CORPORATE
SECRETARY
REPORTS
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 8
VTB GROUP OPERATING MODEL IN LINE WITH BEST GLOBAL PRACTICES
CORPORATE-INVESTMENT
BANKINGRETAIL BUSINESS MEDIUM AND SMALL
BUSINESS
#1 Investment bank and #2 Corporate bank in Russia
RUB 7,766 BN RUB 1,787 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 HRSTRATEGY
OPERATIONS PR
AUDIT AND COMPLIANCE
MARKETINGRISK
MANAGEMENT
CONTROL SUPPORT
c
LEGALSECURITY
ITFINANCE
RUB 5,646 BN
all economic sectors
c. 500 thsd mid-corporate banking clients
11M’19
ASSETS
and c. 17 thsd ATMs, JV with the Russian Post:
#1 retail franchise in Russia (c. 18 thsd retail
outlets and c. 5 thsd ATMs
and small business clients
of Post Bank)
in Russia >80%) with long-term relationships
9
MACRO ENVIRONMENT IN RUSSIA
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 10
0.7
-2.3
0.31.6 2.3
0.7 1.1
-1.5
-10.1
-0.2
4.8 4.3
0.6 0.72,5
-0.8
2.2 2.12.9 2.6 2.72.7
-10.0
-4.8
1.32.8
1.8 1.4
2014 2015 2016 2017 2018 6M'19 9M'19
7.9%
12.6%10.6% 9.1%
7.4% 7.4%
MACRO ENVIRONMENT IN RUSSIA (1/2)
CPI DEC / DEC
USD/RUB (CBR, AVG)
OIL PRICE (URALS, AVG)
CBR KEY RATE (AVG)
FOR 11M’19 NOV / NOV
OIL PRICE USD AND EXCHANGE RATE RUB INFLATION AND CBR KEY RATE
RUSSIAN MACROECONOMIC INDICATORS %
Actual: 6.00%
97.6
51.0 41.6 53.169.7 63.8
2014 2015 2016 2017 2018 11M'19
38.0
60.7 66.958.3 62.5 64.9
11.4% 12.9%
5.4%2.5% 4.3% 3.5%
2014 2015 2016 2017 2018 11M'19
GDP
INVESTMENTS IN FIXED CAPITAL
INDUSTRIAL PRODUCTION
RETAIL TURNOVER
1H’2019
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 11VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 11
LOANS TO INDIVIDUALS
(% OF GDP)
EASTERN
EUROPE & CIS1
TOTAL
RETAIL
CORPORATE
MACRO ENVIRONMENT IN RUSSIA (2/2)
(1) Poland, Czech Republic, Slovakia, Hungary, Croatia, Bulgaria, Romania, Slovenia,
Serbia, Ukraine, Georgia, Belarus, Kazakhstan
LOANS DEPOSITS
11M’19 MARKET
11.0% 4.8%
11.0% 4.0%
10.9% 5.5%
6.1% 3.8%
17.3% 14.4%
1.9% 0.0%
MARKET
RUSSIAN BANKING SECTOR
DYNAMICS
RUB BN
CORPORATES INDIVIDUALS
1.3%
2.8%
4.9%
5.7%
6.2%
0.5%
0.4%
1.3%
1.2%
1.2%
1.1%
1.1%
0.7%
0.7%
0.7%
4.3%
4.5%
5.9%
5.6%
6.2%
7.2%
8.8%
12.8%
13.2%
14.3%
2006
2010
2015
2017
2018
х 4.8
Mortgage CarsCards
▲
RUSSIA
Consumer & other
7.3%
12.2%
12.3%
12.3%
12.9%
9.6%
11.3%
9.3%
9.4%
9.6%
16.9%
23.6%
21.5%
21.7%
22.5%
2006
2010
2015
2017
2018
х 1.8▲
5Y CAGR
6.3% 6.8%
7.5% 11.1%
5.8% 5.4%
TOTAL
RETAIL
CORPORATE
13.0% 8.9%
16.2% 9.2%
10.9% 8.7%
3 794
9 818
23 219
25 987
28 460
29 597
3 905
10 881
27 923
27 004
31 424
33 167
2 065
4 085
10 684
12 174
14 901
17 475
5 909
14 849
36 173
34 786
38 947
39 680
2006
2010
2015
2017
2018
11M'19
(1) 11M Growth Rate for VTB is based on gross loan portfolio
(2) 5Y CAGR calculations are based on 9M’2014 and 9M’2019 financial data.
6.2%
22.5%14.3%
12.9%
12
STRATEGY AND GUIDANCE
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 13VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 13
KEY VTB GROUP STRATEGIC PRIORITIES FOR 2022
STRATEGIC
PRIORITIES
LEADERSHIP IN CUSTOMER SATISFACTION
AMONG PEER BANKS
FOCUS ON CLIENT-CENTRICITY
BREAKTHROUGH
IN DIGITALIZATION
● 100% PAPERLESS WORKFLOW
● >50% SALES VIA DIGITAL CHANNELS (RETAIL&SME)
● 100% PRODUCTS AVAILABILITY DIGITAL
BUILDING A ROBUST AND AGILE
OPERATIONAL AND TECH
PLATFORM
CREATING HIGHLY EFFECTIVE
ORGANIZATION & CULTUREBETTER PERSONNEL ENGAGEMENT
MOTIVATED AND EFFICIENT TEAM
EXEMPLARY TIME-TO-MARKET 24/7 ACCESSIBILITY
SET UP & ROLL-OUT
IN DIGITAL ECONOMY
A LEADER IN SELECTED ECOSYSTEMS
FINANCIAL
COMMITMENTS:
ROE
CIR
DIVIDEND
PAYOUT
NET
INCOME
15%
300bn
32%
50%
Р
2022
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 14VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 14
2019 GUIDANCE
NET PROFIT
LOANS
In line
CORPORATES
INDIVIDUALS
INDUSTRY
Above
CoR
CIR
NIM
≈ 1%
≈ 3.4%
≈ 40%
MARKET GROWTH
UP TO 20%
MARKET GROWTH < 5%
Р
BN
≈ 200
15
RESHAPING THE BOUNDARIES
OF TRADITIONAL BANKING BUSINESS
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 16
20162004 2005 2008 2010 2011 2013
LEGAL MERGER WITH
VTB BANK (MAY’16)
ORGANIC GROWTH
M&A DEALS
2018
LEGAL MERGER WITH VTB
BANK (JAN’19)
LAUNCH OF POST BANK
GUTA BANK PROMSTROIBANK
LETO BANK
BUILD-UP OF TRADITIONAL BANKING PLATFORM: MIX OF MERGERS
AND ORGANIC GROWTH
STARTING FROM 30 SEPTEMBER
2018, POST BANK IS ACCOUNTED
AS JV
VTB ACQUIRED
CONTROLLING
STAKE IN
VOZROZHDENIE
BANK (OCT’18)
VTB ACQUIRED CONTROLLING
STAKES IN WEST SIBERIAN
COMMERCIAL BANK AND
SAROVBUSINESSBANK (JAN’19)
2019
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 17
VTB GROUP TRANSFORMATION
1. DIGITALIZATION 2. TECHNOLOGIES
SETTLEMENTS
AUTHENTICATION
& BIOMETRICSTRANSACTIONS
AGILE
AI &
ROBOTISATION
COMMUNICATION
OPEN API
OTHER
DevSecOpsVTB 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
BANKINGMOBILE
HOUSING
ECOSYSTEM
B2B
KEY ELEMENTSKEY
TECHNOLOGICAL
CHANGES
2019 2022
FISCAL
DATA
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 18
MY SMART CITY APP
►FIRST APP COMBINES CITY
SERVICES OF MOSCOW
GOVERNMENT AND VTB
►INTEGRATION WITH PORTAL OF
PROVIDERS (PUBLIC PROCUREMENT) SINGLE
SIGN ON
►VTB SMALL SIZE PROCUREMENT
(<1 MLN RUB)
FIRST STEPS IN ROLLING OVER VTB ECOSYSTEM
B2B PLATFORM FOR
SME
B2B BUSINESS
CONNECT
“EXPORT MANAGER”
SERVICE
IN PARTNERSHIP
WITH TELE-2
LAUNCH: SEP 2019
PROCUREMENT
LIFESTYLE
BANKING
HOUSING
ECOSYSTEM
LAUNCH: WINTER
2019
NEW DIGITAL PLATFORM FOR FULL
CYCLE OF REAL ESTATE SERVISES
BICYCLE RENTAL ►4.25 MLN RENTS IN 2018
►ACCELERATION WITH
RUSSIAN EXPORT CENTER
POTENTIAL
PARTNERSHIP
MULTI-BONUS►LOYALTY PROGRAMME
MARKET PLACE FOR
SEIZED PROPETY SALE
LAUNCH: AUG 2019
INSURANCE
Client
FULL LAUNCH : 2020
MARKET PLACES
- PLAN - LAUNCHED
“DIGITAL MORTGAGE”
SERVICE
MOBILE
OCT: CONNECTED TO THE NEW- BUILT
APPARTMENTS DATABASE OF VTB
HOUSING ECOSYSTEM
FISCAL DATA OPERATOR
AUG 2019
LAUNCH: SEP 2019
19
BUSINESS OVERVIEWTHE P&L STATEMENT COMPONENTS HAVE BEEN COMPARED WITH MODIFIED FINANCIAL RESULTS FOR 11 MONTHS 2018 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).
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 20
RUB BN
7.1%
7.9%
4.4%
5.1%
4.7%
4.2%
2,758 (18.7%)
3,205 (20.4%)
7,933 (53.7%)
7,927 (50.6%)
11.4%
11.8%
1.6%
1.5%
2.0%
2.6%
13.3%
8.7%
4,408 (33.3%)
4,892 (34.8%)
5,996 (45.3%)
6,652 (47.4%)
4.5%
5.0%
43.0%
48.3% 18.0%
MEASURED BUSINESS GROWTH WITH FOCUS ON PRIORITISED SEGMENTS
AND STRENGTHENING BALANCE SHEET
ASSETS
LIABILITIES
CASH
SHORT-TERM FUNDS
MANDATORY RESERVES
SECURITIES
DUE FROM
LOANS TO CUSTOMERS (NET) OTHER ASSETS
15 677
14 761Retail Corporate
31-Dec-18
30-Nov-19 14 049
13 238
DEPOSITS
OTHER LIABILITIES
Retail Corporate
DUE TO
AND OBF
CUSTOMER DEPOSITSSECURITIES
ISSUEDSUBORDINATED
DEBT
82.2%LDR 96.4%NET LOANS / DEPOSITS
30-Nov-19
31-Dec-18
SME 1,522▲13.0%MORTGAGE flat
1,653▲14.6%
CONSUMER▲14.9%
▲10bp
1,471
▲360bp▼640bp
Gross
▲ - ytd change
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 21
15.6% 15.3% 12.6% 16.6%
54
123
182200
2016 2017 2018 2019
3.8%
8.5%
12.5% 12%
STAFF &
ADMINISTRATIVE
COSTS
399.4 88.4 43.9 531.7 -95.0 -226.4 -44.9
POSITIVE TREND IN PROFITABILITY
NET PROFIT
WE EXPECT IMPROVEMENTS IN NIM AND NII DYNAMICS
IN DECEMBER’19 FOLLOWING
THE REDUCTION OF COR AND TOTAL PROVISION CHARGE
REFLECTS THE IMPROVING ASSET QUALITY
ACROSS ALL BUSINESS LINES
1) THE INCREASE WAS LARGELY CAUSED BY
ACQUISITION AND SUBSEQUENT CONSOLIDATION
OF THREE BANKS (ZAPSIBCOMBANK,
SAROVBUSINESSBANK, VOZROZHDENIE BANK)
AS WELL AS STRENGTHENING OF VTB IT TEAM.
NET FEE
& COMISSION
INCOME
NET INTEREST
INCOME
OTHER
INCOME
NET OPERATING
INCOMEPROVISION
CHARGETAX
▼1%▲10% ▼24% ▼ 2% ▼27% ▲16%
ROE
NIM UNDER PRESSURE DUE TO CHALLENGING ENVIRONMENT
▲125% ▲48% ▲10%
NIM
FEE & COMISSION /
OPERATING
INCOME
45.8% 44.0% 40.5% 42.6%
COR
CIR
GUIDANCE
THE EASING OF MONETARY POLICY AND THE
BACKDROP OF CONTINUED LOAN PORTFOLIO
GROWTH
Y-O-Y
GROWTH
LOW BASE
EFFECT
▲712%
STABLE UPWARD
TRAJECTORY
FOR NORMALISED
PROFITABILITY
LEVELS
2019
3) VAT INCREASE CONTRIBUTED TO
OPEX GROWTH
2) THE COST GROWTH SIGNIFICANTLY SLOWED
DOWN VS 1H’19 DUE TO UNEVEN
Y-O-Y CALENDARISATION OF VARIABLE
PERSONNEL COSTS
RUB BN▲ - yoy change
3.7% 4.1% 3.9% 3.3%
2016 2017 2018 11M'19
1.5% 1.6% 1.6%0.9%
2016 2017 2018 11M'19
4730
51
165
1Q 2Q 3Q 11M'19
VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO TRANSFORMATION 22
Bookrunner Deal value / USD mln % share # of deals
VTB Capital 8,740 26.7 68
2 Gazprombank 6,821 20.8 68
3 Sberbank CIB 3,493 10.7 70
4 JP Morgan 2,100 6.4 17
5 Societe Generale 1,550 4.7 14
Source: Dealogic Russia Total DCM league tables 3Q’19
Bookrunner Deal value / USD mln % share # of deals
VTB Capital 7,480 11.1 59
2 Gazprombank 6,009 8.9 51
3 JP Morgan 5,738 8.5 31
4 Citi 5,267 7.8 28
5 Societe Generale 3,953 5.3 33
Source: Bloomberg Eastern European DCM league tables 3Q’19
Bank Fees USD / mln % share
VTB Capital 44.1 18.4
2 Gazprombank 35.0 14.6
3 Credit Suisse 30.5 12.7
4 Sberbank CIB 26.2 10.9
5 Goldman Sachs 15.1 6.3
Source: Refinitiv Russia Investment Banking Review 3Q’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
(3Q 2019)
Best investment Bank
in Russia
(2019)
LEADING POSITION:
Bookrunner Deal value/USD mln % share # of deals
1 Goldman Sachs 775.7 40 4
VTB Capital 348.8 18 4
3 Credit Suisse 226.4 11.7 2
ECM BOOKRUNNER IN RUSSIA
Source: Refinitiv Russia Investment Banking Review 3Q’19
#1 Research Team “Transport”
category, EMEA
(2016-2019)
#1 Research Team
“Electric utilities” category, EMEA
(2019)
23
APPENDIX: FINANCIALSCOMPARISON OF FINANCIAL DATA AND RATIOS IS BASED ON PRIOR PERIODS FINANCIAL STATEMENTS NOT ADJUSTED FOR
DECONSOLIDATION OF POST BANK, MULTICARTA AND VTB BANK UKRAINE, DISPOSAL OF VTB INSURANCE GROUP AND VTB
BANK BELGRADE.
THE P&L STATEMENT COMPONENTS HAVE BEEN COMPARED WITH MODIFIED FINANCIAL RESULTS FOR 11 MONTHS 2018 FOR THE PURPOSES OF
ACCURACY OF THE YEAR-ON-YEAR ANALYSIS (REVENUE 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 RECOGNISED ON DISPOSAL OF SUBSIDIARIES REFLECTED IN THE LINE “GAINS FROM DISPOSAL
OF SUBSIDIARIES AND ASSOCIATES” HAVE NOT BEEN ADJUSTED).
11M’19 update
TRANSFORMATIONMACROVTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIX 24
6% 6% 6% 6% 6% 4% 5%
2% 2% 2% 2% 2% 2% 2%
5% 5% 4% 3% 3% 2% 2%
65% 60%66% 79% 79% 79%
80%
16% 14% 9%1% 1%
<1% <1%
6% 13%13%
9% 9%
13%10% 11,352
12,18811,175 11,530 11,529
13,23814,030
31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 1-Jan-18 31-Dec-18 30-Sep-19
11% 11% 13% 13% 12% 11% 12%
70%69% 70% 70% 70%
72% 72%
9%
10%8% 6% 6%
5%4%
5%
5%5% 5% 5%
4%5%
8%
5%4% 7% 7%
7%7%
12,19113,645
12,588 13,009 12,940
14,76115,625
31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 1-Jan-18 31-Dec-18 30-Sep-19
73%
53%
27%
47%
30-Sep-19
31-Dec-14
73%
57%
27%
43%
30-Sep-19
31-Dec-14
ASSETS RUB BN
(1) Includes investment in associates, premises and equipment, investment property, intangible assets and goodwill, deferred tax assets and others
OTHER ASSETS (1)
SECURITIES PORTFOLIO
LOANS TO CUSTOMERS
DUE FROM OTHER BANKS
CASH AND MANDATORY RESERVES
ASSETS AND LIABILITIES STRUCTURE
LIABILITIES RUB BN
OTHER LIABILITIES
SUBORDINATED DEBT
DEBT SECURITIES ISSUED
CUSTOMER DEPOSITS
DUE TO BANKS AND OTHER
BORROWED FUNDS
COLLATERALISED FUNDING FROM
THE CBR
IFRS 9
▲6%
BY CURRENCY
FX
RUB
FX
RUB
IFRS 9
▲6%
YTD
15,677 +6.2%
11M’19 update
YTD
14,049 +6.1%
11M’19 update
TRANSFORMATION 25VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO
29%
10%
9%
6%
7%
6%
6%
6%
4%
4%
4%
3%
6%
21%
11%
9%
7%
9%
10%
7%
5%
2%
5%
6%
5%
3%
IFRS 9
150.6% 129.9% 120.5% 100.3% 99.5% 102.8% 99.1%
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 11,913
31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 1-Jan-18 31-Dec-18 30-Sep-19
68%
53%
32%
47%
30-Sep-19
31-Dec-14
NET CUSTOMER
LOANS /
CUSTOMER
DEPOSITS (LDR)
LOANS AND ADVANCES TO CUSTOMERS RUB BN
BY INDUSTRY
LOAN PORTFOLIO AND CUSTOMER DEPOSITS
INDIVIDUALS
LEGAL ENTITIES
CUSTOMER DEPOSITS RUB BN
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
30-Sep-19
FX
RUB
GROSS LOANS
INDIVIDUALS
LEGAL ENTITIES
▲4%
▲9%
LDR RUB
195%
77%
101%
LDR FX
110%
62% 60% 59% 60% 60% 58% 57%
38%40% 41%
40% 40%42%
43% 5,669
7,267 7,347 9,145 9,145
10,404 11,288
31-Dec-14 31-Dec-15 31-Dec-16 31-Dec-17 1-Jan-18 31-Dec-18 30-Sep-19
IFRS 9
68%
75%
32%
25%
31-Dec-14
30-Sep-19
YTD
11,858 +3.8%
11M’19 update
YTD
11,545 +11.0%
11M’19 update
TRANSFORMATION 26VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO
63
66
62
60
59
60
60
58
57%
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
680
2,518
7,205
8,150
7,311
7,287
7,307
8,435
8,491
31-Dec-06
31-Dec-10
31-Dec-14
31-Dec-15
31-Dec-16
31-Dec-17
1-Jan-18
31-Dec-18
30-Sep-19
2018
9М'19
4,5%
5.0%
7,8%
7,6%
50%
67%
75%
77%
76%
75%
75%
74%
75%
50%
33%
25%
23%
24%
25%
25%
26%
25%
311
1,465
3,520
4,384
4,342
5,523
5,523
5,996
6,486
IFRS 9
VTB BUSINESS WITH LEGAL ENTITIES
18.7%
YTD
8,439 flat
11M’19 updateYTD
6,652 +10.9%
11M’19 update
▲10bp ytd
MARKET SHARE
SHARE IN TOTAL:
21.5%
▲80bp ytd
▲1%
CURRENT TERM
CORPORATESLOANS DEPOSITS
MARKET SHARE
▲8%
YIELD
ON LOANS
COST
OF DEPOSITS
THE MARKET SHARE IS CALCULATED USING VTB’S METHODOLOGY WITH DATA
FROM THE BANK OF RUSSIA BASED ON RAS STATEMENTS AS OF 30-Nov-19
30-Sep-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
30-Sep-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
RUB BN
▲7.2pp since 2006 ▲19.0pp since 2006
30-Sep-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
TRANSFORMATION 27VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO
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
3,421
37
34
38
40
41
40
40
42
43%
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%
76%
24%
19%
18%
16%
21%
25%
25%
25%
24%
180
748
2,149
2,883
3,004
3,622
3,622
4,408
4,803
2018
9M'19
4.7%
4.9%
12,8%
11,9%
LOANS DEPOSITS
IFRS 9
VTB BUSINESS WITH INDIVIDUALS
17.4%
▼30bp ytd
MARKET SHARE
SHARE IN TOTAL:
▲110bp ytd
▲14%
RETAILLOANS DEPOSITS
MARKET SHARE
▲9%
30-Sep-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
YTD
3,419 +14.4%
11M’19 updateYTD
4,893 +11.0%
11M’19 update
15.1%
30-Sep-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
30-Sep-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
CURRENT TERM
CASH & OTHER
MORTGAGE
CAR LOANS
CARDS
IN 2006 AND 2010 CARDS ARE INCLUDED IN “OTHER”
YIELD
ON LOANS
COST
OF DEPOSITS
RUB BN
▲14.4pp since 2006 ▲10.3pp since 2006
THE MARKET SHARE IS CALCULATED USING VTB’S METHODOLOGY WITH DATA
FROM THE BANK OF RUSSIA BASED ON RAS STATEMENTS AS OF 30-Nov-19
TRANSFORMATION 28VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO
5.7% 5.8% 5.7% 5.5%
654 658 657 650
31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19
732 737 728 731
31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19
17.3
31.2 36.6
71.7
8.5
46.5 37.2
1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 2Q'19 3Q'19
LOAN BOOK QUALITY
LOAN WRITE-OFFS RUB BN
NPLS (90+) RUB BN
NPL RATIO (1)ALLOWANCE FOR LOAN IMPAIRMENT / TOTAL GROSS LOANS
ALLOWANCE FOR LOAN IMPAIRMENT
(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.
▲ 1% flat▼ 1% ▲1%
▲40bp
▼0.1%
flat
▼0.5%
PROVISION FOR LOAN IMPAIRMENT RUB BN
COVERAGE RATIO
▼1%
NPLs
`FY’2018: 156.8
`9M’2018: 85.1 `9M’2019: 92.2
6.4% 6.5% 6.3% 6.1%
112.0% 112.0% 110.8% 112.4%
31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19
YTD
6.1% -30bp
RUB 726 bn -0.9%
11M’19 update
YTD
4.7% -100bp
11M’19 update
YTD
129.0% +17pp
11M’19 update
TRANSFORMATION 29VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO
33%
4%63%
98.4% 98.4%
0.7% 0.7%
0.9% 0.9%
11,424 11,913
31-Dec-18 30-Sep-19
95%
4% 1%
9.4% 8.4%
9.7% 11.8%
80.9%79.8%
11,24211,727
31-Dec-18 30-Sep-19
2%
31%
2%65%
GROSS LOAN PORTFOLIO BREAKDOWN UNDER IFRS 9
0.8%
LOANS AT AMORTISED COST RUB BN
BY ECL STAGES
PASS
DOUBTFUL
NPL
LOANS AT AMORTISED COST
LOANS AT FAIR VALUE THROUGH P&L
LOANS AT FAIR VALUE THROUGH OCI
▲4%
10.1%
52.3%
STAGE 1
STAGE 2
STAGE 3
+ POCI
WATCH
SUB-STANDARD
PROVISION
CHARGE RUB BN
xx
xx
12 MONTH ECL
LECL
LECL CREDIT-
IMPAIRED
AND PURCHASED
OR ORIGINATED
CREDIT IMPAIRED
ALLOWANCE
RATIO
LOAN PORTFOLIO RUB BN
xx
23.5
38.1
13.9
75.5
9M'19
TRANSFORMATION 30VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO
24.3 35.1
0.5 18.0 15.9
14,6 11.4
13.7
13.4 14.0
38.9
46.5
14.2
31.4 29.9
3Q'18 4Q'18 1Q'19 2Q'19 3Q'19
2.0%
1.7%1.3%
0.6%
9M'18 9M'19
2.0%
1.6%
1.8% 1.7% 1.7%
1.3%
1.7%
0.0%0.9% 0.8%
3Q'18 4Q'18 1Q'19 2Q'19 3Q'19
72.5 34.4
41.1
41.1
113.6
75.5
9M'18 9M'19
PROVISION CHARGE AND COST OF RISK
PROVISION CHARGE FOR IMPAIRMENT OF LOANS RUB BN
PROVISION CHARGE FOR CREDIT
LOSSES ON LOANS TO
INDIVIDUALS
PROVISION CHARGE FOR CREDIT
LOSSES ON LOANS TO LEGAL ENTITIES
COST OF RISK BREAKDOWN
COST OF RISK (1)
LOANS TO INDIVIDUALS
LOANS TO LEGAL ENTITIES
(1) Provision charge for credit losses divided by average gross loans and advances to customers.
IND:▼30bp
1.5%
0.9%
LE:▼50bpIND:▼30bp
LE:▼70bp
▼23% ▼34%
1.5%1.7%
0.5%
1.1% 1.0%
y-o-y
0.9% -60bp
11M’19 update
TRANSFORMATION 31VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO
359 324
9M'18 9M'19
4.0%3.3%
3.9%3.4%
3.2% 3.3% 3.3%
▼70bp
NET INTEREST INCOME RUB BN AND NET INTEREST MARGIN %
NET INTEREST INCOME AND NIM
▼10%
▼60bp
▼9%
YIELD ON TOTAL INTEREST EARNING
ASSETS
YIELD ON CUSTOMER LOANS
COST OF TOTAL INTEREST BEARING
LIABILITIES
AVERAGE YIELDS AND COST OF FUNDS %
121 110 104 109 110
3Q'18 4Q'18 1Q'19 2Q'19 3Q'19
9.0% 8.8% 8.8% 8.9% 8.8%
8.4% 8.4% 8.3% 8.5% 8.5%
4.8% 5.1% 5.3% 5.3% 5.2%
4.5% 4.6% 5.0% 5.1% 4.9%
3Q'18 4Q'18 1Q'19 2Q'19 3Q'19
9.2%8.8%
8.6% 8.4%
4.8% 5.3%
4.6%5.0%
9M'18 9M'19
COST OF CUSTOMER DEPOSITS
y-o-y
3.3% -50bp
RUB 399 bn -1.1%
11M’19 update
TRANSFORMATION 32VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO
67.363.8
9M'199M'18
61%64%
7%9%
7%7%
19%15%
5%4%
108.492.9
9M'199M'18
0.6% 0.6%
64% 53% 61% 65% 58%
10%9% 8%
6%8%
7%9% 6%
7%7%
13%22% 20%
17%20%
6% 7% 5%
5%6%32.1 31.1 30.9
40.437.1
3Q'18 4Q'18 1Q'19 2Q'19 3Q'19
FEE AND COMMISSION INCOME BREAKDOWN RUB BN
NET FEE AND COMMISSION
INCOME
NET FEE AND COMMISSION
INCOME / AVG ASSETS (NET)
NET FEE AND COMMISSION INCOME RUB BN
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
▲16% ▲17%
▲7% ▲5%
0.6%0.5% 0.5%
0.7%0.6%
20.9 16.8 18.926.0 22.4
3Q'18 4Q'18 1Q'19 2Q'19 3Q'19
y-o-y
RUB 88.4 bn +9.8%
11M’19 update
TRANSFORMATION 33VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO
38 43 41 40 38
2429
20 25 21
62.672.5
60.7 64.9 58.7
3Q'18 4Q'18 1Q'19 2Q'19 3Q'18
95 114 118
59
73 67
154.4
187.3 184.3
9M'18 9M'18 9M'19
(1) 9M’18 P&L results were adjusted to reflect the changes in the Groups structure (deconsolidation of Post bank, Multicarta and VTB Bank Ukraine, disposal of VTB Insurance Group and VTB Bank Belgrade).
STAFF AND ADMINISTRATIVE EXPENSES
STAFF COSTS AND ADMINISTRATIVE EXPENSES RUB BN
COST / INCOME RATIO
COST / AVG. ASSETS
NUMBER OF EMPLOYEES THSD
STAFF COSTS INCLUDING
PENSIONS
ADMINISTRATIVE EXPENSES
▼6% ▼2%
▲19%
VTB BANK
OTHER COMPANIES OF
VTB GROUP
(1)
VTB Insurance: 5.8
57.8
INCLUDING:
VTB Bank
4.5
INCLUDING:
SarovBusinessBank: 1.0
ZapSibComBank: 3.0
Vozrozhdenie Bank:
59.6VTB Bank
1.8% 2.0% 1.7% 1.7% 1.5%
38.5% 44.6% 44.3% 48.9%37.8%
1.9% 1.6%
39.1% 43.4%
74% 75% 72% 72% 71%
26% 25% 28% 28% 29%
78.1 77.2 81.2 81.9 83.6
30-Sep-18 31-Dec-18 31-Mar-19 30-Jun-19 30-Sep-19
y-o-y
42.6% +650bp
1.6% flat
RUB 226.4 bn +15.9%
11M’19 update
TRANSFORMATIONMACROVTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIX 34TRANSFORMATIONMACROVTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIX 34
11M’19 11M’18 Change
3.3% 3.8% -50bp
0.9% 1.5% -60bp
1.6% 1.6% 0bp
42.6% 36.1% 650bp
11.6% 11.9% -30bp
1.2% 1.3% -10bp
11M’19 11M’18 Change
399.4 403.7 -1.1%
88.4 80.5 9.8%
43.9 57.4 -23.5%
531.7 541.6 -1.8%
-95.0 -129.8 -26.8%
-226.4 -195.4 15.9%
210.3 216.4 -2.8%
-44.9 -53.8 -16.5%
165.4 162.6 1.7%
9M’19 9M’18 Change 3Q’19 3Q’18 Change
Net interest income 323.8 358.6 -9.7% 110.2 120.5 -8.5%
Net fee and commission income 67.3 63.8 5.5% 22.4 20.9 7.2%
Net other income 33.9 56.5 -40.0% 22.6 21.2 6.6%
Operating income before provisions 425.0 478.9 -11.3% 155.2 162.6 -4.6%
Provision charge for credit losses and other provisions -77.8 -111.4 -30.2% -32.4 -42.4 -23.6%
Staff costs and administrative expenses -184.3 -187.3 -1.6% -58.7 -62.6 -6.2%
Profit before tax 162.9 180.2 -9.6% 64.1 57.6 11.3%
Income tax expense -34.9 -39.2 -11.0% -12.9 -16.4 -21.3%
Net profit 128.0 141.0 -9.2% 51.2 41.2 24.3%
VTB GROUP FINANCIAL HIGHLIGHTS: P&L AND KEY RATIOS
9M’19 9M’18 Change 3Q’19 3Q’18 Change
NIM 3.3% 4.0% -70 bp 3.3% 3.9% -60bp
CoR 0.9% 1.5% -60 bp 1.0% 1.5% -50bp
Cost / Assets 1.6% 1.9% -30 bp 1.5% 1.8% -30bp
CIR 43.4% 39.1% 430 bp 37.8% 38.5% -70bp
ROE 11.1% 13.1% -200 bp 13.0% 11.3% 170bp
ROA 1.1% 1.4% -30 bp 1.3% 1.2% 10bp
INCOME STATEMENT KEY INDICATORS RUB bn
KEY FINANCIAL RATIOS
(1) The P&L statement components have been compared with modified financial results for 11 months 2018 for the purposes of accuracy of the year-on-year analysis (revenue 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 recognised on disposal of subsidiaries reflected in the line “Gains from disposal of subsidiaries and associates” have not been adjusted).
MODIFIED DATA (1)
11M’19IFRS unaudited financial
statements
9M’19IFRS consolidated
financial
statements
MODIFIED DATA (1)
TRANSFORMATIONMACROVTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIX 35TRANSFORMATIONMACROVTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIX 35
30-Sep-19 30-Jun-19 Change 31-Dec-18 YTD
Gross loan portfolio 11,912.7 11,623.2 2.5% 11,423.5 4.3%
Loans to legal entities 8,491.3 8,323.6 2.0% 8,435.0 0.7%
Loans to individuals 3,421.4 3,299.6 3.7% 2,988.5 14.5%
Total assets 15,624.6 15,055.3 3.8% 14,760.6 5.9%
Customer deposits 11,288.4 10,738.0 5.1% 10,403.7 8.5%
Deposits of legal entities 6,485.7 6,029.5 7.6% 5,995.8 8.2%
Deposits of individuals 4,802.7 4,708.5 2.0% 4,407.9 9.0%
Total liabilities 14,030.1 13,514.7 3.8% 13,237.6 6.0%
Total shareholders' equity 1,594.5 1,540.6 3.5% 1,523.0 4.7%
30-Sep-19 30-Jun-19 Change 31-Dec-18 YTD
NPL ratio (1) 5.5% 5.7% -20bp 5.7% -20bp
LLR ratio 6.1% 6.3% -20bp 6.4% -30bp
(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.
VTB GROUP FINANCIAL HIGHLIGHTS: BALANCE SHEET
BALANCE SHEET KEY INDICATORS RUB bn
KEY ASSET QUALITY & CAPITAL RATIOS
11M’19IFRS unaudited financial
statements
9M’19IFRS consolidated
financial
statements
30-Nov-19 YTD
11,857.7 3.8%
8,438.5 0.0%
3,419.2 14.4%
15,676.7 6.2%
11,544.8 11.0%
6,652.3 10.9%
4,892.5 11.0%
14,048.6 6.1%
1,628.1 6.9%
30-Nov-19 YTD
4.7% -100bp
6.1% -30bp
TRANSFORMATION 36VTB AT A GLANCE BUSINESS OVERVIEWSTRATEGY & GUIDANCE APPENDIXMACRO
INTERNATIONAL DEBT MATURITY PROFILE (2) USD MLN
Borrower CurrencyAmount outstanding
(mln) Instrument Maturity Date/Put or Call Option Coupon ISIN
2018
VTB USD 698 Series 12 EMTN 2 Matured and repaid in February 2018 6.32% XS0592794597
VTB CHF 300 Series 3 EMTN 3 Matured and repaid in May 2018 2.9% CH0226747746
VTB USD 1,514 Series 4 EMTN 2 Matured and repaid in May 2018 6.875% XS0365923977
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.
USD
CHF
VTB GROUP PUBLIC DEBT AND HYBRID CAPITAL INSTRUMENTS
827
1,339
234 25
2020 2022 2024 2035
(2) Net of bought back public debt. Exchange rates published by the CBR as of December 27, 2019. In addition to international debt, VTB Group currently has RUB 183 bn domestic bonds.