VEB Significantly Increased Credit and Guarantee Support for Projects
VEB.RF has reported strong financial growth for the first nine months of 2025. The state development corporation saw its assets climb by over a quarter, while net profit rose by 16.3% compared to the same period last year. The latest figures highlight significant expansion in lending and guarantees, alongside a solid capital position.
By the end of September 2025, VEB.RF’s total assets had surged by 26.1%, reaching 7.2 trillion rubles. This increase of 1.49 trillion rubles reflects a broader trend of growth across the institution’s operations.
The net loan portfolio expanded by 19.6%, adding 571.3 billion rubles to bring the total to 3.49 trillion rubles. At the same time, the guarantee portfolio grew even more sharply—up by 48.4%, or 789.4 billion rubles, to 2.42 trillion rubles. This marks a 1.5-fold increase in guarantees compared to earlier figures. Liabilities also rose, growing by 29.8% to 6.2 trillion rubles. However, no specific institutions or individuals were identified as major contributors to this rise. The corporation’s capital remained stable at 1 trillion rubles, with a capital adequacy ratio of 14.9%. Operating profit before provisions for expected credit losses stood at 175 billion rubles. Net profit for the period reached 77.6 billion rubles, up 16.3% from the previous year.
VEB.RF’s latest results show a substantial rise in both lending and guarantees, alongside a healthy capital base. The 16.3% increase in net profit and the 26.1% growth in assets suggest continued expansion in its financial activities. The corporation’s capital adequacy ratio remains well above regulatory requirements at 14.9%.
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