VTB Bank public joint stock : Group IFRS Unaudited Financial Highlights as of 31 August 2021

VTB Group IFRS Unaudited Financial Highlights

P&L highlights (in RUB bn)			y-o-y			y-o-y
Net interest income	57.8	45.9	25.9%	418.8	343.3	22.0%
Net fee and commission income	13.8	10.9	26.6%	112.5	83.7	34.4%
Other operating income	-7.0	-6.9	1.4%	8.0	-15.9	150.3%
Net operating income before provisions	64.6	49.9	29.5%	539.3	411.1	31.2%
Provision charge for credit losses and other provisions	-6.2	-19.2	-67.7%	-69.7	-181.8	-61.7%
Staff costs and administrative expenses	-21.8	-20.2	7.9%	-180.7	-170.4	6.0%
Profit before tax	36.6	10.5	248.6%	288.9	58.9	390.5%
Income tax expense	-6.1	-0.6	916.7%	-57.5	-6.0	858.3%
Net profit	30.5	9.9	208.1%	231.4	52.9	337.4%
Performance indicators			y-o-y			y-o-y
NIM	3.8%	3.8%	0 b.p.	3.8%	3.8%	0 b.p.
NCM	0.8%	0.8%	0 b.p.	0.9%	0.8%	10 b.p.
CoR	0.3%	1.8%	-150 b.p.	0.8%	2.1%	-130 b.p.
CIR	33.8%	40.6%	-680 b.p.	33.5%	41.5%	-800 b.p.
Cost / Assets	1.3%	1.4%	-10 b.p.	1.4%	1.6%	-20 b.p.
ROA	1.8%	0.7%	110 b.p.	1.8%	0.5%	130 b.p.
ROE	17.4%	6.8%	1060 b.p.	18.2%	4.6%	1360 b.p.

The unaudited financial information set forth above represents management data which has been prepared on the basis consistent with IFRS, however its preparation involves approximations and where relevant extrapolation of quarter-end data. It is preliminary and

Some of the information in this release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group. Such forward-looking statements are based on numerous assumptions regarding the

certainty, and the actual outcomes and results may materially differ from what is expressed or forecasted in the forward-looking statements. These forward-looking statements speak only as at the date of this release and are subject to change without notice. These statements will not be updated to make them conform with actual results.

VTB Group IFRS Unaudited Financial Highlights

Balance sheet highlights (in RUB bn)	8/31/2021	7/31/2021	m-o-m	12/31/2020	ytd
Cash and short-term funds	1,188.3	1,269.9	-6.4%	1,229.5	-3.4%
Financial assets	2,503.4	2,509.5	-0.2%	1,833.5	36.5%
Due from other banks, including pledged under repurchase agreements	1,091.4	942.4	15.8%	837.9	30.3%
Loans and advances to customers, including pledged under repurchase agreements (gross)	14,362.3	14,109.9	1.8%	13,162.6	9.1%
- Loans to legal entities, gross	9,941.7	9,766.7	1.8%	9,305.4	6.8%
- Loans to individuals, gross	4,420.6	4,343.2	1.8%	3,857.2	14.6%
Allowance for loan impairment	-927.3	-924.2	0.3%	-898.2	3.2%
Other assets	2,042.0	2,022.7	1.0%	1,976.9	3.3%
Total assets	20,260.1	19,930.2	1.7%	18,142.2	11.7%
Due to other banks and Other borrowed funds	1,815.9	1,591.0	14.1%	2,146.2	-15.4%
Customer deposits	15,039.6	14,945.4	0.6%	12,831.0	17.2%
- Deposits from legal entities	9,053.2	9,001.8	0.6%	7,095.1	27.6%
- Deposits from individuals	5,986.4	5,943.6	0.7%	5,735.9	4.4%
Debt securities issued	151.7	170.4	-11.0%	215.7	-29.7%
Subordinated debt	324.6	321.7	0.9%	316.7	2.5%
Other liabilities	848.2	857.0	-1.0%	910.0	-6.8%
Total liabilities	18,180.0	17,885.5	1.6%	16,419.6	10.7%
Total equity	2,080.1	2,044.7	1.7%	1,722.6	20.8%
Balance sheet and asset quality indicators	8/31/2021	7/31/2021	m-o-m	12/31/2020	ytd
NPL ratio	4.8%	4.8%	0 b.p.	5.7%	-90 b.p.
NPL coverage	134.8%	137.3%	-250 b.p.	120.6%	1420 b.p.
LDR	89.3%	88.2%	110 b.p.	95.6%	-630 b.p.
Leverage	8.7	8.7	0.0%	9.5	-8.4%

The unaudited financial information set forth above represents management data which has been prepared on the basis consistent with IFRS, however its preparation involves approximations and where relevant extrapolation of quarter-end data. It is preliminary and subject to adjustments and modifications that may be identified when preparing

financial statements.

will operate in the future. These statements are not guarantees of future performance and involve risks, uncertainties and other important factors which cannot be predicted with certainty, and the actual outcomes and results may materially differ from what is expressed or forecasted in the forward-looking statements. These forward-looking statements speak only as at the date of this release and are subject to change without notice. These statements will not be updated to make them conform with actual results.

VTB Group IFRS Unaudited Financial Highlights (Analysis by Segment)

P&L highlights	CIB	Medium and Small	Retail	Treasury	Corporate center	Other (1)	Total
(in RUB bn)	business
Net interest income before treasury result allocation	124.8	46.8	149.2	109.8	-		-11.8	418.8
Treasury result allocation	25.9	9.4	20.7	-77.1	20.3		0.8	0.0
Net interest income, including treasury result allocation	150.7	56.2	169.9	32.7	20.3		-11.0	418.8
Net fee and commission income	25.6	21.7	61.1	3.8	0.0		0.3	112.5
Other operating income / (expense)	57.7	2.3	-17.6					8.0
-36.1	-7.1		8.8
Net operating income before provisions	234.0	80.2	213.4	0.4	13.2		-1.9	539.3
(Provision charge) / reversal of provision for credit losses
-24.2	-5.9	-38.7	-0.4	-		-0.5	-69.7
on debt financial assets and other provisions
Staff costs and administrative expenses	-50.0	-29.8	-71.8	-	-24.0		-5.1	-180.7
Segment result: profit before taxation	159.8	44.5	102.9	-	-10.8		-7.5	288.9
Income tax expense							-2.4
-30.5	-8.5	-19.0	-	2.9		-57.5
Net profit / (loss)	129.3	36.0	83.9	-	-7.9		-9.9	231.4
Balance sheet highlights		Medium and Small	Retail	Treasury	Corporate center		Other (1)	Total
(in RUB bn)		business
Cash and short-term funds	58.3	8.0	166.2	955.8	-		-	1,188.3
Due from other banks	533.2	0.1	1.1	557.0	-		-	1,091.4
Loans and advances to customers (net)	7,586.1	1,562.6	4,077.5	271.3			2.9	13,435.0
-65.4
Loans and advances to customers (gross)	7,992.9	1,722.1	4,357.9	286.5			2.9	14,362.3
-
Allowance for loan impairment
-406.8	-159.5	-280.4	-15.2	-65.4		-	-927.3
Other financial instruments
971.1	0.8	293.2	1,230.1	0.3		7.9	2,503.4
Other assets items	999.8	129.9	383.6	170.9	52.0		305.8	2,042.0
Net amount of intersegment settlements	-	613.4	1,192.3	369.4	151.9		-2,327.0	-
Segment assets	10,148.5	2,314.8	6,113.9	3,554.5	138.8		-2,010.4	20,260.1
Due to other banks and other borrowed funds	801.9	2.8	4.9	1,006.3	-		-	1,815.9
Customer deposits	5,989.1	2,025.6	5,135.6	1,887.5	-		1.8	15,039.6
Debt securities issued	5.7	17.9	95.7	32.4	-		-	151.7
Subordinated debt	-	-	-	324.6	-		-	324.6
Other liabilities items	372.2	33.9	360.1	21.4	22.1		38.5	848.2
Net amount of intersegment settlements	2,014.2	-	-	-	-		-2,014.2	-
Segment liabilities	9,183.1	2,080.2	5,596.3	3,272.2	22.1		-1,973.9	18,180.0
(1) Including segment "Other" and intersegment eliminations

The unaudited financial information set forth above represents management data which has been prepared on the basis consistent with IFRS, however its preparation involves approximations and where relevant extrapolation of quarter-end data. It is preliminary and subject to adjustments and modifications that may be identified when preparing quarter-end and/or year-end consolidated financial

guarantees of future performance and involve risks, uncertainties and other important factors which cannot be predicted with certainty, and the actual outcomes and results may materially differ from what is expressed or forecasted in the forward-looking statements. These forward-looking statements speak only as at the date of this release and are subject to change without notice. These statements will not be updated to make them conform with actual results.

P&L highlights	Long-term Investments		Non-bank digital assets		Credit workout assets
(in RUB bn)
	CIB	Medium and Small	Retail	Corporate	Other
	business	centre
Net interest income before treasury result allocation	-6.9	-	0.9	-	-11.5
Treasury result allocation	0.4	-	-	-	0.8
Net interest income, including treasury result allocation	-6.5	-	0.9	-	-10.7
Net fee and commission income	-	-	-	-	0.4
Other operating income / (expense)	26.2	-0.1	-1.1	-0.1	14.9
Net operating income before provisions	19.7	-0.1	-0.2	-0.1	4.6
(Provision charge) / reversal of provision for credit losses on debt financial assets and other provisions	-	-	-	-	-0.3
Staff costs and administrative expenses	-0.1	-	-	-	-2.8
Segment result: profit before taxation	19.6	-0.1	-0.2	-0.1	1.5
Income tax expense	-2.8	-	-	-	-4.1
Net profit / (loss)	16.8	-0.1	-0.2	-0.1	-2.6
Balance sheet highlights	Long-term Investments		Non-bank digital assets		Credit workout assets
(in RUB bn)
	CIB	Medium and Small	Retail	Corporate	Other
	business	centre
Cash and short-term funds	-	-	-	-	-
Due from other banks	-	-	-	-	-
Loans and advances to customers (net)	49.0	-	-	-	2.9
Loans and advances to customers (gross)	49.1	-	-	-	2.9
Allowance for loan impairment	-0.1	-	-	-	-
Other financial instruments	46.9	-	-	-	7.9
Other assets items	226.2	1.0	2.1	1.7	199.5
Net amount of intersegment settlements	-	0.3	32.7	-	-
Segment assets	322.1	1.3	34.8	1.7	210.3
Due to other banks and other borrowed funds	-	-	-	-	-
Customer deposits	12.6	-	32.0	-	1.8
Debt securities issued	-	-	-	-	-
Subordinated debt	-	-	-	-	-
Other liabilities items	9.0	0.2	0.4	-	38.5
Net amount of intersegment settlements	308.8	-	-	-	212.7
Segment liabilities	330.4	0.2	32.4	-	253.0

Definitions

Net operating income before provisions

NIM

NCM

Provision charge for credit losses and other provisions

CoR

CIR

NPL ratio

LDR

Calculated including profit from subsidiaries acquired exclusively with a view to resale

Net interest income divided by average interest earning assets, which include gross loans and advances to customers, due from other banks (gross), debt securities and correspondent accounts with other banks

Net commission income divided by average total assets

Provision charge for credit losses on debt financial assets and on other financial assets and credit related commitments and provision for legal claims

Provision charge for loan credit losses divided by average gross loans and advances to customers

Staff costs and administrative expenses divided by operating income before provisions, excluding profit from subsidiaries acquired with a view to resale

The Group defines non-performing loans (NPL) as lifetime expected credit losses (ECL) credit-impaired loans with contractual principal and or interest payments overdue more than 90 days and purchased or originated credit impaired (POCI) loans with principal and or interest payments becoming overdue more than 90 days after the date of initial recognition.

Net loans divided by customer deposits

Leverage

Total liabilities divided by total equity