VTB

St. Petersburg, 190000

VTB, formerly known as Vneschtorgbank (Russian ВТБ or Внешторгбанк to German: Foreign Trade Bank ), is Russia's largest bank. It is located about 75.5 % state-owned. The company is represented in the stock index RTS index, and is headquartered in St. Petersburg, but operates from Moscow and operates as a universal bank. Important representative offices in Paris, Frankfurt and Vienna.

At the bank they evolved to have, among others, through acquisitions and the will of the Russian Government on a foreign trade and industrial financing instrument. Through the acquisition of Guta- Bank, it developed under the name Vneschtorgbank 24 also become a major consumer bank. Since 24 October 2006, the Bank is the official term "VTB ", private client business will operate under the name " VTB24 " russ " ВТБ24 ".

From 2006 to 2008, the Bank had international jersey sponsor of the UEFA Champions League team CSKA Moscow. Since 2009, the bank supports the football club Dynamo Moscow.

Board of Directors

Andrei Kostin L. - Chairman and CEO ( directly appointed by decree of the Russian president ); has a diplomatic career completed (including ambassador to Great Britain)
Yuri A. Soloviev - First Deputy Chairman
Vasily N. Titov - First Deputy Chairman

Additional Deputy Chairman:

Herbert Moss, Andrey S. Puchkov

Other members of the Board:

Denis A. Bortnikov, Victoria G. Vanurina, Olga K. Dergunova, Valery V. Lukyanenko, R. Erkin Norov, Ekaterina V. Pete Lina

History

1990, the Bank was founded mainly as a private limited company owned by the state. Since 1998, the Bank is integrated into the public sector and operates as a de facto state-owned foreign trade and investment bank. Since August 2005, the Bank has formed strong branch network for consumers in Russia through acquisitions.

Special activities

In July 2006, the Bank took over the lease for 600 new Mercedes buses for the Moscow municipal transport company MosTransAwto. In August 2006 it was announced that the bank is to perform the lease financing of up to 16 Airbus 320-200 aircraft for Russian airlines (see Pulkovo Airlines).

At the same time, the bank world-wide interest aroused by the acquisition of 5.02 % of the shares of Airbus parent company EADS. On 13 September 2006 reported the daily newspaper "Die Welt" that EADS had this confirmed the day before. The share package of the European Aeronautic Defence and Space Company (EADS), the parent company of aircraft manufacturer Airbus, had cost about 781 million euros, reported the Moscow business newspaper Vedomosti. "The World " also reported that Russia long-term results in the assumption of the blocking minority stake in EADS into consideration. Sergei Prikhodko, a senior adviser to President Putin, said that if one day share common interests with EADS firmly stood, the Russian side would insist on a higher participation. The price of EADS shares rose after the statements and listed in the course of trading on the Paris Bourse at 23.55 euros - an increase by almost five percent. The Vneshtorgbank have used to start the fall in prices, which hit the EADS papers in recent months because of internal strife and problems in the construction of the giant aircraft A380. On November 6, 2006, reported "The world " that the proportion should be now increased to about 7%.

On December 27, 2007, VTB announced that it has sold its stake in EADS to the State Vnesheconombank.

Investments

92 % of Guta Bank, now VTB Retail Services, Brand Name: Vneschtorgbank 24
75 % 3 shares in Industry & Construction Bank (ICB ), St. Petersburg
89 % Moscow Narodny Bank ( MNB ), London & Singapore
87 % BCEN Euro Bank, Paris
100 % VTB Bank (Austria ) AG, Vienna (formerly Danube bank)
100 % VTB Bank ( Germany ) AG (until 30 September 2006: East-West Trade Bank [ OWH ] ), Frankfurt am Main
100 % Russian Commercial Bank Ltd. (Cyprus ), Limassol
100 % Russian Commercial Bank AG, Zurich
51 % East - West United Bank ( EWUB ), ( 49% directly and 2% higher than BCEN Euro Bank), Luxembourg
70 % 1 share Armsavingsbank, Yerevan, Armenia
50 % 1 share VTB Bank Georgia ( formerly United Georgian Bank), Tbilisi, Georgia
100 % VTB- Ukraine, Kiev
98 % Mriya, Kiev
66% of Banco VTB Africa SA, Luanda, Angola

Branches and representative offices

For their foreign trade business, the Bank has offices in London, Paris, Zurich, Limassol (Cyprus), Vienna, Frankfurt, Luxembourg, Kiev ( Ukraine), Tbilisi (Georgia) and Yerevan (Armenia ), Milan (Italy ), Beijing ( China ), Delhi (India) and Minsk ( Belarus ). Recently opened the office in Luanda ( Angola). An agent in South Africa is due to open shortly.

For retail banking, the Bank has the daughter of VTB 24 built on the basis of acquired in 2005 Gutabank. It is equipped with over 600 stores in 71 of the 83 federal subjects of Russia represented (November 2011) and in this market segment on the number of accounts operations in second place after a Sberbank. The Bank is also active in Azerbaijan, Georgia, Kazakhstan, Ukraine and Belarus.

In Germany there is an online bank VTB, headquartered in Frankfurt am Main. It is a subsidiary of VTB Bank ( Austria ) AG, offering savings accounts, fixed deposits and a mixture of both on.

Revenue earnings

Revenue increased from 2004 of U.S. $ 17.8 billion, to $ 36.7 billion ( 2005). Net income increased by U.S. $ 208 million (2004) to U.S. $ 511 ( 2005). The Interim Report for the first quarter of 2006 ( published August 2006) is already showing a profit of U.S. $ 334 million. The rating agencies Moody 's, Standard & Poor 's (S & P ) and Fitch rate the VTB highest among all Russian financial institutions.

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