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JSC VTB Bank

File:VTB logo.gif
Type	Public
Traded as	MICEX-RTS: VTBR LSE: VTBR MICEX: VTBR
Industry	Banking
Founded	1990
Headquarters	Moscow, Russia
Key people	Andrei L. Kostin (Chairman)
Products	Financial Services
Revenue	US$5.9 billion (2010)
Net income	US]2.0 billion (2010)
Total assets	US$153.6 billion (2010)
Employees	41,992
Website	www.vtb.com

VTB Bank (Russian: ОАО "Банк ВТБ", formerly Vneshtorgbank) (MICEX-RTS: VTBR, LSE: VTBR, MICEX: VTBR) is one of the leading universal banks of Russia and the largest in terms of authorized capital.^{[citation needed]}

As of 31 December 2005 according to IFRS (consolidated), its shareholders equity totaled US$5.3 billion. In December 2007 The bank sold its 5% stake in EADS, which it purchased for US$1 billion in 2006, to the Russian Development Bank VEB for US$1.45 billion.^[1]

Management[link]

VTB Bank office in Moscow

Bank in Nakhodka

As of September 2009, the Supervisory Council of VTB Bank consists of Alexei Kudrin (Deputy Prime Minister, Minister of Finance of the Russian Federation), Arkady Dvorkovich (Aide to the President of the Russian Federation), Anton Drozdov (Chairman of the Management Board, Russian Pension Fund), Andrey Kostin (President and Chairman of the Management Board, JSC VTB Bank ), Alexey Savatyugin (Head of Financial Policy Department of the Ministry of Finance of the Russian Federation), Vitaly Saveliev (CEO, JSC Aeroflot-Russian Airlines), Alexei Ulyukaev (First Deputy Chairman of the Central Bank of the Russian Federation), Grigory Glazkov (Independent Consultant), Matthias Warnig (Managing Director, Nord Stream AG), Nikolai Kropachev (Rector of the St. Petersburg State University) and Muhadin Eskindarov (Rector of Finance Academy under the Government of the Russian Federation).^[2]

As of September 2009, its Management Committee consists of Andrey Kostin (Chairman since 10 June 2002), Mikhail Kuzovlev (First Deputy Chairman), Vasily Titov (First Deputy Chairman), Andrey Puchkov (Deputy Chairman), Gennady Soldatenkov (Deputy Chairman), Olga Dergunova (Member of the Board), Valery Lukyanenko (Member of the Board), Evgueny Novikov (Member of the Board).^[3]

Privatization[link]

Regional office of the VTB-24 Bank in Yaroslavl

Until January 2007, the Russian government held a 99.9% stake in VTB. Thereupon, at the World Economic Forum in Davos, its CEO announced that the government would retain a 50% + 1 share and privatize the rest of company shares. At present the government owns 85.5% of the bank via the Federal Property Agency.

Major subsidiaries[link]

• VTB Capital
• VTB Capital plc (London, Singapore, Dubai, New York, Hong Kong, Sofia, Kyiv)
• VTB 24
• VTB Bank (Austria) AG – Vienna. Former Soviet-controlled Donau Bank AG.
• VTB Bank France S.A. – Paris, subsidiary of VTB Austria. Former Soviet-controlled Banque Commerciale pour l'Europe du Nord - Eurobank (BCEN-Eurobank).
• VTB Bank Deutschland – Frankfurt, subsidiary of VTB Austria. Former Soviet-controlled Ost-West Handelsbank AG.
• Russian Commercial Bank Ltd – Zurich
• Russian Commercial Bank (Cyprus) Ltd – Limassol
• Bank of Moscow

See also[link]

Russia portal

• Vneshposyltorg
• Vneshtekhnika
• Vneshtorgreklama

References[link]

External links[link]

• VTB corporate site
• Russian website
• English subsidiary
• Austrian subsidiary
• VTB 24 on allcred.ru (Russian website)
• The criticism of VTB bank (investigations, leaks and documents in Russian)

Companies portal

v t e RTSI companies of Russia Acron Aeroflot Bank Saint Petersburg Bashneft DIXY E.ON Russia FGC UES Gazprom Gazprom Neft IDGC Holding Inter RAO UES LSR Group Lukoil Magnit Mechel MMK MOESK Mosenergo Mostotrest MTS M.video Norilsk Nickel NCSP NLMK Novatek OGK-1 OGK-2 Pharmstandard PIK Group Raspadskaya Rosneft Rostelecom RusHydro Sberbank Severstal Sistema Surgutneftegas Tatneft TNK-BP Transneft Uralkali Vozrozhdenie Bank VSMPO-AVISMA VTB Bank WGC-3

v t e MICEX companies of Russia Aeroflot FGC UES Gazprom Gazprom Neft IDGC Holding Inter RAO UES Lukoil Magnit Mechel MMK Mosenergo MTS Norilsk Nickel NLMK Novatek Raspadskaya Rosneft Rostelecom Rusal RusHydro Sberbank Severstal Surgutneftegas Tatneft Transneft Uralkali VTB Bank WGC-3

v t e MSCI Russia companies of Russia Sistema (GDR) VTB Bank Wimm-Bill-Dann Foods (ADR) Vimpelcom (ADR) Gazprom Gazprom Neft Inter RAO UES LUKOIL Mechel (ADR) Mobile TeleSystems (ADR) Novolipetsk Steel (GDR) Novatek (GDR) Norilsk Nickel OJSC Polymetal Polyus Gold Raspadskaya Rosneft RusHydro Sberbank Severstal Surgutneftegas Surgutneftegas (p) Tatneft Transneft (p) TMK (GDR) Uralkali FGC UES Pharmstandard (GDR)