The state-controlled bank expects to boost asset value by 55-60% by the end of the year, and to increase its credit portfolio by 75-80%. Net profit in 2006 stood at $1.18 billion.
VTB Financial Director Nikolai Tsekhomsky said the bank plans to attract about $5 billion in loans on foreign markets next year.
"Next year we will mainly rely on client deposits and domestic loans. We plan to attract a moderate sum - about $5 billion - on foreign markets," he said.
VTB Group, which owns VTB Bank, said its unaudited consolidated net profit calculated to International Financial Reporting Standards (IFRS) increased 28.8% year-on-year in January-September 2007 to $1.05 billion.
The bank's assets increased 41.7% to $74.26 billion and the group's credit portfolio grew 53.3% to $46.44 billion in the reporting period.
