{"id":28057,"date":"2026-08-27T09:54:14","date_gmt":"2026-08-27T06:54:14","guid":{"rendered":"https:\/\/ukrmedia.news\/?p=28057"},"modified":"2026-08-27T09:54:14","modified_gmt":"2026-08-27T06:54:14","slug":"vtb-aktsii-istorychnyj-minimum","status":"publish","type":"post","link":"https:\/\/ukrmedia.news\/en\/economics\/vtb-aktsii-istorychnyj-minimum\/","title":{"rendered":"VTB shares have fallen to an all-time low below par"},"content":{"rendered":"<p class=\"news-lead\">Shares in Russia\u2019s VTB fell by 3% on the Moscow Exchange on 26 August, reaching an all-time low of 49.86 roubles per share. This was the first time they had fallen below their par value of 50 roubles. Analysts attribute the additional pressure on the share price to the risks surrounding Wildberries and Ozon, with which the bank has financial ties, as well as to VTB\u2019s weaker financial performance.<\/p>\n<div class=\"news-summary-box\">\n<p><strong>Briefly about the main points<\/strong><\/p>\n<ul>\n<li>VTB shares reached 49.86 roubles.<\/li>\n<li>Since the start of the year, the bank\u2019s shares have fallen in price by approximately 45%.<\/li>\n<li>VTB has a partnership with Wildberries and holds a stake in Ozon.<\/li>\n<li>In the second quarter, the bank\u2019s net profit fell by 34%.<\/li>\n<li>The bank plans to rationalise 10% staff posts at its head office.<\/li>\n<\/ul>\n<\/div>\n<h2>The stock market slump has been ongoing since the start of the year<\/h2>\n<p>Since the start of August, VTB shares have fallen by 11%, and since the start of the year by around 45%. Compared with the 2015 highs, the bank\u2019s market capitalisation has fallen by 88%, or 4.7 trillion roubles.<\/p>\n<p>The bank, which has 35 trillion roubles in assets and 8.5 trillion roubles in retail deposits, is currently valued by the market at 646 billion roubles, or $7.7 billion. This is roughly a third of the value of the doll manufacturer Labubu, notes The Moscow Times.<\/p>\n<h2>The risks for VTB are linked to Wildberries and Ozon<\/h2>\n<p>Analysts at Solid Investments Investment Company have cited VTB\u2019s obligations relating to Wildberries as one of the factors exerting pressure. At the end of May, the bank announced a strategic partnership with the marketplace; under the terms of the agreement, VTB was to acquire a 5% stake in WB Bank, with the option to increase its shareholding.<\/p>\n<p>Following the attacks <a href=\"https:\/\/ukrmedia.news\/en\/world\/pozhezhi-wildberries-domodedovo-pidmoskovya\/\">Wildberries<\/a> It lost a third of its storage capacity and suffered direct losses amounting to several hundred billion roubles, the publication reports. The partnership also involved the use of VTB\u2019s infrastructure and products for WB Bank\u2019s customers.<\/p>\n<p>The bank also received a block of shares as collateral <a href=\"https:\/\/ukrmedia.news\/en\/world\/udar-sklad-ozon-enem-adyheia\/\">Ozon<\/a> as part of the transaction with AFK \u00abSistema\u00bb. The Chairman of VTB <strong>Andriy Kostin<\/strong> stated that this pledge does not imply control over the marketplace. Since the start of the summer, Ozon\u2019s share price has fallen by 45%; Solid Investments suggests that VTB may need to extend the credit facility for the affected company.<\/p>\n<h2>Profits are falling, whilst provisions and costs are rising<\/h2>\n<p>In the first half of 2026, VTB\u2019s net profit fell by 20% to 225.2 billion roubles. Between April and June, the decline accelerated to 34%, with quarterly profit standing at 92.6 billion roubles. At the same time, the bank\u2019s net interest and commission income rose, whilst other operating income fell sharply.<\/p>\n<p>According to its IFRS financial statements, VTB increased its provisions for non-performing loans by almost a third in the second quarter, to 66.5 billion roubles. The free capital buffer fell to 10.7%, compared with the regulatory minimum of 10%. A year earlier, the proportion of non-performing assets on the balance sheet had risen by one and a half times, to 14.2%, which was one-third higher than the average level in the Russian banking system.<\/p>\n<p>At the end of July, the deputy chairman of the board <strong>Dmytro Pyanov<\/strong> announced his intention to cut 10% permanent posts at head office. According to him, this should reduce the cost-to-income ratio to below 40%; in the first half of the year, it stood at 41.5%.<\/p>","protected":false},"excerpt":{"rendered":"<p>VTB has hit an all-time low on the stock market: its shares are trading at 49.86 roubles. Since its peak in 2015, the market capitalisation of the Russian state-owned bank has fallen by 88%.<\/p>","protected":false},"author":207433355,"featured_media":28056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_description":"\u0412\u0422\u0411 \u0434\u043e\u0441\u044f\u0433 \u0456\u0441\u0442\u043e\u0440\u0438\u0447\u043d\u043e\u0433\u043e \u043c\u0456\u043d\u0456\u043c\u0443\u043c\u0443 \u043d\u0430 \u0431\u0456\u0440\u0436\u0456: \u0430\u043a\u0446\u0456\u0457 \u043a\u043e\u0448\u0442\u0443\u044e\u0442\u044c 49,86 \u0440\u0443\u0431\u043b\u044f. \u0412\u0456\u0434 \u043f\u0456\u043a\u0443 2015 \u0440\u043e\u043a\u0443 \u043a\u0430\u043f\u0456\u0442\u0430\u043b\u0456\u0437\u0430\u0446\u0456\u044f \u0434\u0435\u0440\u0436\u0431\u0430\u043d\u043a\u0443 \u0420\u0424 \u0432\u043f\u0430\u043b\u0430 \u043d\u0430 88%.","rank_math_title":"\u0410\u043a\u0446\u0456\u0457 \u0412\u0422\u0411 \u0432\u043f\u0430\u043b\u0438 \u0434\u043e \u0456\u0441\u0442\u043e\u0440\u0438\u0447\u043d\u043e\u0433\u043e \u043c\u0456\u043d\u0456\u043c\u0443\u043c\u0443: 49,86 \u0440\u0443\u0431\u043b\u044f","rank_math_focus_keyword":"\u0412\u0422\u0411","td_subtitle":"","subtitle":"","footnotes":""},"categories":[805618],"tags":[806752],"class_list":["post-28057","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economics","tag-806752"],"_links":{"self":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts\/28057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/users\/207433355"}],"replies":[{"embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/comments?post=28057"}],"version-history":[{"count":1,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts\/28057\/revisions"}],"predecessor-version":[{"id":28058,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/posts\/28057\/revisions\/28058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/media\/28056"}],"wp:attachment":[{"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/media?parent=28057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/categories?post=28057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ukrmedia.news\/en\/wp-json\/wp\/v2\/tags?post=28057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}