VTB needs a trillion in capital over the next five years

VTB's capital requirement is estimated at ₽1 trillion over the next 5 years, taking into account growing regulatory requirements and planned business growth, said Andrey Kostin, the bank's head. VTB is now in compliance with all regulatory norms. However, from 2024, the Basel allowances will be gradually restored. At the same time, Kostin pointed out that the payment of dividends is planned to resume earlier, that is, without waiting for five years. At the end of 2023, the bank expects to earn about ₽400 billion of profit, but dividends should not be expected.