News and Press Releases


6 September 2010

VTB-Leasing Results for the First Half of 2010

Today OJSC VTB Leasing announced its operating results as of June 30, 2010 (unaudited) under IFRS.

MAIN FINANCIAL INDICATORS:

  • Revenue from core operations of OJSC VTB Leasing was 5.5 billion rubles.
  • H1 2010 net profit under IFRS was 491 million rubles.
  • Net interest income exceeded 1.4 billion rubles.
  • Company’s equity was 8.9 billion rubles.
  • Assets at June 30, 2010 were 132.5 billion rubles.

Net investment in leases as of June 30, 2010 was 87.4 billion rubles – an increase of 6.5 billion over net investment in leases as of December 31, 2009.
Consolidated leasing portfolio (amount of customers’ obligations under leasing agreements less leasing payments already made) including transactions entered into by OJSC VTB Leasing and its subsidiaries was 162.4 billion rubles as of June 30, 2010.

Key sectors and industries in the Company’s leasing portfolio as of June 30, 2010, include:

  • Railroad rolling stock: 55.8% of total portfolio (90.7 billion rubles).
  • Aircraft and aviation equipment 27.5 of total (44.7 billion rubles).
  • Power generation equipment 3.8% (6.2 billion rubles).
  • Machine-building equipment 2.6 % (4.2 billion rubles).

Volume of new leasing business in H1 2010 exceeded 23.8 billion rubles. Amount of leasing payments received in H1 2010 was 14.2 billion rubles.

Consolidated rental portfolio (amount of customers’ obligations under rental agreements less rental payments already received) including transactions entered into by OJSC VTB Leasing and its subsidiaries was 9.2 billion rubles as of June 30, 2010.

In the rental portfolio as of end H1 2010 key sectors and industries include:

  • Aircraft and aviation equipment: 43% of total (4 billion rubles).
  • Railroad rolling stock 40% (3.7 billion rubles).
  • Oil production equipment 12% (1.1 billion rubles).

Mr. A.Y.Konoplev, General Director of OJSC VTB Leasing, commented: “in H1 2010 economic conditions facilitated our plans for growth. We further increasing our business volumes in the leasing services market. The company grows its operations in strict compliance with our Development Strategy approved by our Board of Directors. Due to higher demand volumes from our customers for operational leasing services – first and foremost, rolling stock, aircraft and oil production equipment, VTB Leasing entered into a number of successful transactions aimed at meeting our customers’ demand for this type of leasing. In second half 2010 the Company plans to further strengthen its leading positions in the market and implement a number of pilot projects in segments of the leasing market that are new for the Company.”


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