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Russia's VTB says first quarter 2026 profit down 6.2% year-on-year

Published by Global Banking & Finance Review

Posted on April 28, 2026

1 min read

· Last updated: April 28, 2026

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Russia's VTB says first quarter 2026 profit down 6.2% year-on-year
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VTB Bank's Q1 2026 Profit Down 6.2% Year-on-Year, Full-Year Target Unchanged

VTB Bank Q1 2026 Financial Results Overview

Quarterly Profit Decline

MOSCOW, April 28 - Russia's second-largest bank VTB said on Tuesday its profit for the first quarter of 2026 was down 6.2% year-on-year to 132.6 billion roubles ($1.77 billion).

Full-Year Profit Target Maintained

The bank said it maintains its full-year profit target of at least 600 billion roubles. 

Dividend Payout Discussions

The bank also said it is discussing a dividend payout for 2025 at between 25% and 50% of its profit but has yet to agree it with the central bank. 

Exchange Rate Information

($1 = 74.9000 roubles)

Reporting Credits

(Reporting by Elena Fabrichnaya; Writing by Gleb Bryanski; editing by Vladimir Soldatkin)

Key Takeaways

  • Q1 2026 net profit declined 6.2% year-on-year to 132.6 billion roubles (≈ $1.77 billion) (ml-eu.globenewswire.com).
  • VTB maintains its full-year 2026 profit target of at least 600 billion roubles, signaling confidence despite the quarterly dip (ml-eu.globenewswire.com).
  • Dividend payout discussions propose 25%–50% of 2025 profit, contingent on central bank approval, reflecting cautious return-to-shareholders planning (ml-eu.globenewswire.com).
  • In 2025, VTB’s net profit under IFRS totaled 502.1 billion roubles—down 8.9% year‑on‑year—underscoring the 600 billion target may require stronger performance in H2 2026 (akm.ru).
  • This marks VTB’s first dividend consideration since resuming post‑war payouts; the board recently recommended a 50% payout on 2024 profits (investing.com).

References

Frequently Asked Questions

How much did VTB's first quarter 2026 profit decrease?
VTB's first quarter 2026 profit was down 6.2% year-on-year.
What was VTB's Q1 2026 profit in roubles and US dollars?
VTB's Q1 2026 profit was 132.6 billion roubles, or approximately $1.77 billion.
Is VTB maintaining its profit target for 2026?
Yes, VTB maintains its full-year profit target of at least 600 billion roubles.
What is VTB discussing regarding dividend payout for 2025?
VTB is discussing a dividend payout for 2025 between 25% and 50% of its profit, pending agreement with the central bank.

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