IFRS net profit of VTB Insurance for 2014 increased by 26% year-on-year to RUB 10.1 billion, according to the company's press release.

Total premiums of VTB Insurance for the accounting period almost reached RUB 38.7 billion (+20% year-on-year). Total amount of insurance benefits was RUB 16.2 billion.

VTB Insurance has published consolidated IFRS financial statements including the independent auditor's report for the first time ever. Read the full story

RUSSIA: VTB Insurance discloses IFRS performance results for the first time