Investors amplified their VTB resources by twenty percent
In a significant development, VTB, one of Russia's leading banks, has announced an increase in its portfolio of attracted funds from small and medium-sized businesses. The announcement was made by Ruslan Yerenko, the deputy chairman of VTB, at the 2025 St. Petersburg International Economic Forum.
The increased portfolio now stands at 5 trillion rubles, a growth of 20% since the announcement. This growth is primarily due to the demand for VTB's deposit products from small and medium-sized businesses.
The growth in short-term deposits, which account for 70% of VTB's portfolio from these businesses, totalling 3.7 trillion rubles, is a significant part of this overall increase. This growth is a result of over 5 million deposit placement deals by VTB's clients since the beginning of the year.
The volume of short-term deposits has grown by 379 billion rubles since the start of the year, indicating a steady and increasing trust in VTB's deposit products by entrepreneurs.
Ruslan Yerenko had earlier announced at the same forum the launch of new financial products designed to support small and medium-sized enterprises. He had mentioned his plans to increase VTB's portfolio of capital attracted from these businesses to 5 billion rubles.
Entrepreneurs continue to maintain a high demand for VTB's short-term deposit products, a testament to the bank's commitment to serving the needs of small and medium-sized businesses. The increase in portfolio is exclusively from VTB's small and medium-sized business clients' demand for deposit products.
This growth in VTB's portfolio is a positive sign for the bank's financial health and its ability to support the growth of small and medium-sized businesses in Russia. The increase started from the year 2025, as announced by Ruslan Yerenko at the St. Petersburg International Economic Forum.
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