VTB Bank (Bank for Foreign Trade of Russia, VTB Group, former Vneshtorgbank) is a leading Russian financial group, offering a wide range of banking services and products in Russia, CIS, Europe, Asia and Africa. The Group conducts its banking business in Russia through VTB Bank as a parent and 5 subsidiary banks: VTB24, Bank of Moscow, TransCreditBank, Mosvodokanalbank and Bezhitsa-Bank. Total assets: US$ 243 billion (as of December 31, 2012). Net profit: US$ 1.8 billion (2010), US$ 2.8 billion (2011), US$ 2.9 billion (2012).
The Group's business franchise spans Corporate and Investment Banking (CIB) and Retail Banking. In CIB, the Group provides a broad range of services and products including corporate lending, foreign trade transactions, syndicated loans, deposit and settlement services, equity and debt capital markets underwriting, project financing, merger and acquisition financing, advisory services, custody services, asset management and venture funds.
The Government of the Russian Federation is VTB's major shareholder, with its share accounting for 75.5%. VTB Group operates outside Russia through 15 bank subsidiaries and 2 representative offices.
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VTB Bank :: Press Releases
24.04.2013 VTB Group reports full-year 2012 net profit of RUB 90.6 billion (approx. US$ 2.9 billion), compared with net profit of RUB 90.5 billion in 2011. As at 31 December 2012, the company's total assets reached RUB 7.4 trillion.
05.07.2012 VTB Group reports first quarter 2012 net income of RUB 23.3 billion (approx. US$ 793 million), compared to RUB 26.1 billion in Q1 2011.
08.12.2011 VTB Group registered net profit of RUB 72.6 billion (approx. $2.4b) in the first nine months of 2011, an increase of 87.1% from a year earlier. More
01.09.2011 VTB Group delivered a record six-month net profit of RUB 53.6 billion for 6M 2011 (approx. US$ 1.85 billion, up 113.5%), and record quarterly net profit of RUB 27.5 billion for 2Q 2011 (up 5.4%). More
17.08.2011 VTB Bank has signed a framework loan agreement on lending funds under foreign trade contracts of VTB customers with Banco Español de Crédito. More
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters
Suntech will extend banking system at Nordea Bank Poland S.A. - 09.10.2012 Polish based company Suntech S.A. has entered into an agreement with Nordea Bank Poland S.A. to extend the corporate banking system eConnect. Expansion of existing application will increase its usability, making it one of the most innovative solutions in its class on the market. Source: Suntech