News and Press Releases


7 September 2011

OJSC VTB Leasing Announces H1 2011 Results

OJSC VTB Leasing announced unaudited results of operations (under IFRS) as of June 30, 2011.

MAIN FINANCIAL INDICATORS:

  • Revenue from core operations: 5.5 bn. rubles
  • Net profit, H1 2011 (under IFRS): 1.1 bn. rubles
  • Net interest income: 1.3 bn. rubles
  • Company’s equity: 11.1 bn. rubles
  • Assets at the end of H1 2011 were 144.4 bn. rubles

Net investment in leasing (as of June 30, 2011) was 89.5 bn. rubles or 2.4% higher than as of 30 June 2010.

Consolidated portfolio (aggregate amount of client liabilities under leasing contracts less leasing payments already made) including transactions entered into by OJSC VTB Leasing and its subsidiaries was 211.6 bn. rubles in H1 2011.

Volume of new business in H1 2011 was 76.5 bn. rubles. Amount of leasing payments received was 49 bn. rubles.

Leasing portfolio breakdown by industry (as of end H1 2011) indicates that the key segments are:

· Rolling stock leasing - 63.6% of total or 134.7 bn. rubles;

· Aircraft and aviation equipment – 21.4% (45.4 bn. rubles);

· Oil production and refining equipment – 7.4% (15.6 bn. rubles);

· Power generation and machine-building equipment – 3.8% (8 bn. rubles).

Commenting on the results of operations reported by OJSC VTB Leasing in H1 2011, Mr. A.Konoplev, CEO of the company, said:

“Against the backdrop of economic growth returning to the global – and Russian – economies, we see growing demand for leasing services and in first half of 2011 this growth continued at a robust and confident pace.

Performance numbers that VTB Leasing achieved in 6 months of 2011 indicate that our company maintains its leadership position in the Russian leasing services market; we also see dynamic and targeted development, growth of the company in line with the previously approved Strategy.

VTB Leasing is an undisputed leader in the segment of rolling stock and railway equipment leasing. In 2011 the company has to increase its market share in real estate leasing, in leasing of motor vehicles and special-purpose machines.

The company diversifies its leasing portfolio on the industry and product levels; it optimized its business processes for processing of transactions in medium-sized business segment; we have also improved our IT capabilities in data storage and provision of consolidated financial statements”.


Back to the list