VTB
Since 1990
Russia
Central Federal District of the Russian Federation
Moscow
119121, st. Plyushchikha, d. 37
Top managers:
Kulik Vadim Valerievich
Mityagin Alexey
Ivan Sergeyevich Skvortsov
Petrov Denis Igorevich
Bova Svetlana Nikolaevna
Sergey Alexandrovich Bezbogov
Oleneva Natalia Alexandrovna
Golygina Yulia Evgenievna
Shlykov Alexey Yuryevich
Artur Andreevich Shamilov
Geraskin Pavel
Assets | Owners |
+ VTB Bank |
VTB Bank and its subsidiary banks are an international financial group (VTB Group), which ranks second in all major indicators in the Russian market. VTB Bank is the second largest bank in the Russian Federation and the CIS. The year of foundation is 1990. President of the Bank, Chairman of the Management Board, member of the Supervisory Board - Andrey Kostin.
VTB Bank's assets make up 11.4% of the country's banking system, and its share in banking capital is at the level of 40% (January 1, 2011).
Management bodies of VTB Bank
- The General Meeting of Shareholders is the supreme governing body of VTB Bank. It is carried out on a mandatory basis every year on a day appointed by the reporting body - the Supervisory Board. The General Meeting of Shareholders discusses issues of amendments and additions to the Charter of the Bank, reorganization of activities, determination of the quantitative composition of the Supervisory Board, election and termination of powers of its members, etc.
- The bank's board also has 11 members. The bank's board is headed by the president, chairman of the bank's board, and a member of the supervisory board. VTB's current operations are managed by a sole executive body represented by the President, Chairman of the Management Board and a collegial executive body, the Management Board. The executive bodies are accountable to the General Meeting of Shareholders and the Supervisory Board of the Bank. The Management Board of VTB Bank acts on the basis of the Regulations on the Management Board.
2023: Changes in the composition of the board
The Supervisory Board of PJSC VTB Bank at a meeting on September 5, 2023 approved changes in the composition of the bank's board. The renewal of VTB's management team is related to the strategic objectives that the Group intends to implement in 2024-2026.
Deputy President - Chairman of the Board Dmitry Pyanov was approved as First Deputy President - Chairman of the Board of VTB. In this capacity, he oversees the financial, administrative and economic functions of the bank and is responsible for coordinating the integration of financial assets, including Otkritie.
To replace Anatoly Pechatnikov, who oversaw work with individuals at VTB since 2018, Georgy Gorshkov was elected deputy chairman. Pechatnikov is completing work at VTB to focus on his own projects. In addition, Aleksei Lozovoy, who previously held the post of head of the legal department, was elected as a member of the board. Personnel decisions regarding Georgy Gorshkov and Aleksei Lozovoy will come into force after their approval by the Central Bank.
 | The updated VTB team will have to complete the development of the bank's development strategy for 2024-2026 and achieve its implementation, "said Dmitry Grigorenko, Chairman of the Supervisory Board of VTB Bank, Deputy Prime Minister of the Russian Federation and Head of the Government Apparatus. |  |
{{quote "VTB Group is preparing to launch a strategy, the key elements of which will be the development of the retail segment and the global infrastructure of international settlements. I hope that the updated composition of the board is able to successfully cope with new tasks and continue to integrate VTB into the new economy, "said Andrei Kostin, President and Chairman of the Board of VTB Bank. }}
Financial performance
Main Article: VTB Financial Performance
Media assets
2022: Exit from STS capital
On June 7, 2022, it became known about VTB's withdrawal from the capital of STS Media. The share in the amount was bought by the National Media Group (NMG). The value of the transaction is not called. Read more here.
2021: VTB received a 32.89% stake in Channel One
In September 2021, VTB Bank again became a shareholder of Channel One - now it owns 32.89% of the broadcaster's shares.
In April 2021, the Central Bank registered an additional issue of 490 ordinary non-documentary registered shares of Channel One JSC with a par value of 10 thousand rubles. each. They were placed by closed subscription, indicated in the materials of the Central Bank.
As a shareholder of Channel One, it is VTB that will propose to the broadcaster's board of directors the candidacy of a financial director, head of the security service and head of the internal audit service, follows from a government order of March 18, 2021. VTB has three representatives on the board of directors of Channel One, which has nine people.
In an interview with RBC, Kostin also noted that VTB was and remains a lender to Channel One.
Earlier, the press service of the Ministry of Digital Industry, commenting on the decision to increase the authorized capital of the joint-stock company, said that this was done for the "financial recovery" of Channel One.
The emergence of VTB in the management structure of Channel One (the bank is expected to join the Board of Directors and appoint its managers) and the statement of the head of the bank Kostin about the goal of profitability of the television company will probably cut the monopoly of the National Media Group. True, according to the source, NMG's monopolies on Channel One did not exist - "the Kovalchuk structure competes with the Rotenberg production structures and Ernst's team, which has direct access to the Kremlin."
However, there may be complaints about NMG - Channel One (and the rest of NMG's television projects) has been losing leadership positions for several seasons; problems with the emergence of new projects, the sale of content and the emergence of new technologies. "Sales are falling, financial discipline is weak, there is no income," says a source on Channel One.
Digitalization
History
2024
Sale of the largest railway operator in Russia, PGK
On December 16, 2024, VTB announced the withdrawal from the capital of Aurora Invest JSC, which owns the largest railway operator in Russia, the First Freight Company (PGK). The value of the transaction and the buyer of the asset are not disclosed as of that date. Read more here
TAdviser interview with Dmitry Ryskin, Head of Partner Projects and Non-Bank Services
VTB Bank has been actively using the DION platform for more than two years and promotes it among its clients. Dmitry Ryskin, head of the department of partner projects and non-bank services, vice president of VTB Bank, spoke about the advantages of the platform for a large bank and its clients from the SMB segment, as well as the role of digital solutions for business development in December 2024. Read more here.
Purchase of Post Bank from Russian Post for 36 billion rubles
Post Bank was officially sold to VTB for 36 billion rubles. This was announced by the Minister of Digital Development Maksut Shadayev on December 10, 2024. According to the head of the Ministry of Ministry of Digital Development, this deal will become an additional source of funding for the development of the Russian Post. Read more here.
Data breach of 6 million customers
On October 31, 2024, it became known that a database containing information about millions of VTB customers was posted on one of the shadow forums on the Internet. Leaked information can be used by cybercriminals to organize all kinds of fraudulent schemes.
The appearance in the public domain of a database called "VTB Clients" was reported by the Telegram channel "Information Leaks." It is said that the leak includes 6.1 million lines with personal information: these are surnames and names, phone numbers, email addresses and dates of birth.
It is known that the published database is compiled (enriched) from several other data sets. In particular, a database containing only phone numbers and digital identifiers with a size of more than 9 million lines is taken as a basis: this information is relevant as of May 2022. Checking random phone numbers from the original database through the Fast Payment System (FPS), as noted by Information Leaks, showed that VTB Bank is available for all of them. At the same time, the credit institution itself denies information about the leakage of personal data, stating that there is no threat to the financial security of customers.
| | VTB Bank did not record any leaks of client data. The next "database" that appeared on certain dubious resources is not the database of VTB Bank. This is information from 2022 compiled from open sources and data of third-party organizations, - quotes TASS statements from bank representatives. | |
However, the published information can be used to organize personalized phishing attacks. Knowing the names of VTB customers, their phone numbers and other personal information, cybercriminals can put victims to sleep. And this significantly increases the chances of success of a fraudulent campaign to steal funds.[1]
VTB employee received 9 years in prison for embezzlement of 200 million rubles
On September 9, 2024, the Verkh-Isetsky District Court of Yekaterinburg issued a verdict in the criminal case of Igor Kremenevsky, a former leading specialist in the support and mortgage department of the VTB24 bank. The man received 9 years in prison for embezzlement from a financial organization of 200 million rubles. Read more here
Purchase of the First Freight Company for 200 billion rubles
On September 5, 2024, it became known that VTB acquired the First Freight Company (PGK), the largest railway operator in Russia. The exact value of the transaction was not disclosed, but it is said that the asset was bought based on an estimate of more than 200 billion rubles, taking into account debt. Read more here
Management of the First Freight Company
On August 7, 2024, it became known about the transfer of the First Freight Company (PGK) under the management of VTB, which already has a PGK wagon fleet, which ensures the long-term obligations of its parent structure. Read more here.
Opening the entire line of products for Otkritie Bank customers
Opening The entire line of VTB products has become available to customers. Now they can open a VTB contribution rubles to or the Chinese yuan. VTB announced this on July 17, 2024.
| | Since June, the integration of the business of two banks has moved to the most active stage. Previously, Otkrytie retail customers chose only the products of their bank. Since the beginning of the year, we have supplemented our colleagues' offers with credit and debit cards, mortgages, car loans and a number of VTB savings products. Now we have completely transferred the entire Otkritie line to our offers and offer customers not only a quick online transition to VTB on favorable terms, but also the opportunity to immediately take advantage of new products that were not previously in the Otkritie retail line, - commented Vasily Palatkin, Senior Vice President, Head of Retail Sales and Development of VTB Service Tools. | |
As part of the Development Strategy by the end of 2026, VTB plans to increase the network of branches by 40%: in three years the number of points will reach 1.8 thousand, VTB offices will be opened in all regions of the country, including in small settlements with a population of 50 thousand people. The development of an office network and a courier channel will increase the availability of service at VTB by 2 times for Russians and expand the potential coverage of the bank's financial services to 100 million residents of Russia.
Post Bank has little money for IT, so it will join VTB
On July 4, 2024, it became known that VTB was buying out the share of Russian Post in Post Bank. This is due to the fact that the latter does not have enough resources and IT budgets to build a loyalty program, as well as expand the range of products and services provided to the population. Read more here.
Russian court arrested $439.5 million and assets of JP Morgan at the suit of VTB
In April 2024, the Arbitration Court of St. Petersburg and the Leningrad Region arrested $439.5 million and the assets of JP Morgan in Russia at the suit of VTB. This is evidenced by the materials in the file of arbitration cases. Read more here.
The weekly volume of IT mortgages exceeded 2 billion rubles
After the resumption of the issuance of IT mortgages from April 8, 2024, it was issued by about 250 VTB clients, having received 2.2 billion rubles for the purchase of real estate. The average check amounted to about 8.5 million rubles - twice as high as for other preferential programs. The total volume of transactions on IT mortgages in the bank is approaching 120 billion rubles. The bank announced this on April 15, 2024. Read more here.
2023
Plan to increase the office network by 40%
VTB on December 7, 2023 shared with TAdviser plans to expand the scale and availability of banking services for retail customers. According to Georgy Gorshkov, Deputy President-Chairman of the Bank's Board, for this, on the horizon of three years, the bank will increase its office network by 40%, enter new territories for itself, and also expand the staff of couriers (already in 2024 - 1.5 times).
As of December 2023, VTB's office network has 1.3 thousand outlets in 79, and constituent entities of the Russian Federation serves more than 17.5 million retail clients and more than 1 million legal entities. As part of the network development strategy until 2026, the bank plans to expand the availability of banking services to 100% of the constituent entities of the federation and cities with a population of 50 thousand people, covering essentially everything-active financially. the population of the country Next year, VTB will open its offices in,, and Ingushetia. Kalmykia To Tuva Karachay-Cherkessias
In 2023, VTB developed a special format of "light" service points in small towns, where the bank has not yet been represented by large branches, as well as in new areas of megacities. Their functionality does not differ from usual, but the area is less - about 50 square meters. meters. In the summer, VTB opened 6 such offices in Ivanovo, Sverdlovsk and Kemerovo regions. In 2024, their number, according to the bank's plans, will exceed 120 points.
VTB expects to significantly strengthen the infrastructure for customers as part of integration with Otkritie, uniting 240 bank offices under a single brand. Another 250 offices will be opened by VTB as part of the development of its own network, thus, in 2026, the number of points of sale of the bank will reach 1.8 thousand. All offices will be distinguished by "high manufacturability, comfortable barrier-free service and a convenient space with an ATM zone," VTB representatives shared.
The second area of increasing accessibility for VTB will be the development of courier delivery of products and services, which can fully replace customer communication in the office. In 2024, the bank plans not only to increase the number of field managers by 1.5 times, but also to expand the geography of their presence to 3.5 thousand settlements. So, according to VTB's idea, 94% of Russians in 23 thousand settlements will be able to use the bank's courier delivery on the horizon of three years. This will allow them not only to issue their usual credit or savings products, but also to configure digital services for working with the bank in 24/7 mode.
According to Georgy Gorshkov, the bank's services are mainly available in large cities and regional centers. VTB's task is to double the coverage of physical channels. As a result, the VTB network should cover more than 100 million people, which, according to the bank's expectations, will allow it to take a leading position in the market.
| | "In recent years, there has been a trend in the banking sector to reduce the number of offices. We are going against this direction - we are building an innovative model of customer service, which includes not only the expansion of the office network, but maximum availability for all financially active Russians, - said Georgy Gorshkov. - We believe that residents of large and small settlements should have equal opportunities to receive high-quality banking services, regardless of their place of residence and level of income. Therefore, we are introducing new branch formats and strengthening the field service along with the constant development of our digital channels. " | |
VTB has opened more than 100 technological offices
As part of the large-scale modernization of the network VTB , the number of offices of the technological format exceeded 100 points of sale. In 2023, such branches appeared in 16 cities, including To Anapa Apatity,,,, Vladivostok,, Volgograd,, and Terrible Yekaterinburg Ivanov Kursk Lipetsk To Moscow Kemerovo. This was announced bank on November 23, 2023.
The offices operate in the format of multifunctional service points and are reformatted as centers of financial knowledge and services. Clients can communicate with bank consultants anywhere in the branch where they are comfortable. Employees act as qualified consultants on complex banking issues, and streaming operations are automated and translated into the digital space. When the client comes to the office, he can confirm the operation and sign the documents with an electronic signature in the application or the online web version of VTB.
| | As of November 2023, VTB has about 1.3 thousand points of sale, which we are improving, introducing new technologies, making offices more comfortable to visit not only in megacities, but also in small cities. Over the past 1.5 years, we have opened 106 points of this format. We plan to expand the network and be present in 83 regions, in Russia 2024 we will open offices in,, and Ingushetia Kalmykia To Tyva Karachay-Cherkessia. It is important for us to actively expand the availability of banking service not only in large cities, but also to enter small ones, with a population of up to 50 thousand people. Large flagship branches are not always needed there, so we have developed a special format for an "easy" office, in 2023 we have already opened 6 such points, "said Sergey Nechaev, Vice President, Head of the VTB Network Administration Department. | |
The "light" office in its functionality does not differ from ordinary departments, but its area is less - does not exceed 45 square meters. Since mid-summer, VTB has opened 6 such offices in the Ivanovo, Sverdlovsk and Kemerovo regions. All of them are located in places of maximum attraction of customers - shopping centers, locations near the main municipal organizations. By the end of the year, VTB will open an "easy" office in Guryevsk, Kemerovo Region.
As of November 2023, every second operation is carried out in offices, more than 100 thousand people are served there every day. The network infrastructure is adapted for people with disabilities: barrier-free environment, navigation, designations, ATMs are fully suitable for servicing the visually impaired or blind.
Withdrawal from PIK Group Capital
VTB Bank completely withdrew from the capital of the largest housing developer in Russia, the PIK group, selling 12.36%. This is stated in the materials of the credit institution, which were published in August 2023. Read more here.
VTB's exit from the grain business
On July 6, 2023, it became known that VTB had withdrawn from the capital of the Demetra Holding grain trader. Thus, the bank implemented the plan mentioned earlier. Read more here.
Suicide attempt of an employee in a bank office
An employee of VTB in April 2023 tried to commit suicide right in the office due to a conflict with her superiors. According to some colleagues, she was specially created unbearable conditions at work and forced to quit. Other sources suspect that this is an attempt to blackmail by an employee.
Suicide almost happened at the VTB office on Dnepropetrovsk passage in Moscow. In the middle of the working day, 51-year-old Elena (name changed) complained of pressure and asked for a first-aid post. However, on the way, she went to the toilet and opened her veins with a clerical knife - fortunately, unsuccessfully. After that, Elena was taken to the hospital, and the woman herself hastened to explain herself: the leadership forced her to commit suicide.
According to colleagues, the conflict between Elena and the authorities broke out a couple of years ago. Due to restructuring, her position was reduced, but the woman agreed to move to a lower position with a lower salary. Elena began to have problems with loans, and the management did not like this - all because of the "unspoken rule" not to hire people with "financial encumbrances" at VTB.
As a result, the woman was openly offered to quit, but she refused. Then Elena was given a whole series of problems: she was constantly depremated, specially sent to departures 200 kilometers from Moscow (the woman does not have a car), forced to work from 8 hours, writes Baza. Channel sources claim that the imitation of suicide on the part of the employee was an attempt to put pressure on the management using blackmail.
2022
The increase in the number of cases of fraud by 4 times, to 7.8 million
VTB in 2022 recorded 7.8 million cases of fraud faced by the bank's clients, which is almost 4 times more than a year earlier. The credit institution published such data on February 2, 2023.
Social engineering and phishing remained the most common fraud schemes that were used against customers at VTB in 2022. At the same time, the number of cases of social engineering has increased, when clients, under the influence of fraudsters, issue loans through remote channels and in bank offices. Also, against the background of the removal of banking applications from the Google Play and App Store, fraudsters convinced customers to allegedly update them to the current version and sent a link that led to a phishing resource, or offered to help install a new application through the so-called "service applications," which are remote access tools, the VTB press service points out.
It is noted that in 2022, the peak of fraudulent activity against VTB retail clients occurred in July, when 1 million attacks on customers were recorded. Since August, the bank's experts have recorded a gradual decrease in this indicator, and by the end of 2022 the number of attacks has already decreased by almost 2 times. For example, in December 2022, the number of attacks amounted to 569 thousand - 15% less than in November, and 1.3 times less than in December 2021.
In 2022, VTB identified and blocked almost 27 thousand various phishing and fraudulent resources, accounts on social networks and sites "mimicking" under the bank's brand. Through comprehensive anti-fraud work, VTB was able to protect the funds of 620 thousand customers. VTB said that in 2022 the bank saved more than 22 billion rubles from theft in the accounts of its clients.[2]
Purchase of Otkritie Bank for 340 billion rubles
On December 22, 2022, the Central Bank of the Russian Federation announced the sale of Otkritie to VTB Bank for 340 billion rubles. The corresponding decision was made by the board of directors of the regulator. Read more here.
Plan of RNKB joining VTB
In October 2022, it was announced that the Russian Government would contribute 100% of the shares of the Russian National Commercial Bank (RNKB), which has a large network of branches in Crimea, as a contribution to VTB capital . Thus, the RNKB will be merged with VTB.
Receiving 49% in the operator of all-Russian state lotteries
As it became known on June 9, 2022, VTB received 48.5% in the operator of all-Russian state lotteries LLC Sports Lotteries. Another 0.5% belongs to VTB Capital Ai Bi Holding LLC. Such data are contained in the Unified State Register of Legal Entities (USRUL). Read more here.
Purchase of Paymo for 1.8 billion rubles
On June 8, 2022, it became known about the sale of Innovative Payment Technologies (IPT) to VTB Group. According to Kommersant, the deal was closed until February 24, 2022 (that is, before the start of the Russian special operation in Ukraine), and its cost amounted to about 1.8 billion rubles. Read more here.
Exit from the equity of the St. Petersburg exchange
On May 23, 2022, VTB announced the withdrawal from the capital of the St. Petersburg Exchange (SPB Exchange). The bank's share in the trading platform decreased from 9.25% to zero, the credit institution said without specifying the parameters of the transaction (VTB explains this with confidentiality conditions). Read more here.
VTB Georgia sold to Chinese Basisbank
In May 2022, Basisbank (Tbilisi, a subsidiary of the Chinese Hualing Group) acquired the retail business of VTB's Georgian subsidiary VTB Georgia, which mainly consisted of mortgage loans, as well as a small share of the bank's corporate business. The deal took place against the backdrop of a special Russian military operation in Ukraine and sanctions imposed against VTB Bank by the United States and their satellite countries.
VTB loses control of VTB Bank Europe after EU sanctions
VTB no longer controls its subsidiary VTB Bank Europe SE in Frankfurt after the latest round of EU sanctions imposed after the start of Russia's special operation in Ukraine, the German financial regulator said in April 2022.
Sale of interest in IT company "T1 Group"
At the end of March 2022, it became known that VTB had withdrawn from the capital of T1 LLC, the management company of T1 Group, which unites six enterprises operating in the field of integration, consulting, cloud technologies, software development and processing services. Read more here.
Disconnecting from SWIFT
In early March 2022 European Union , he disconnected from,, SWIFT banks VTB,, "Russia", and in "Opening" Novikombank Promsvyazbank Sovcombank response ВЭБ.РФ to the start of a special operation of the Russian Federation. More. here
Reduction of the share in Demetra-Holding to 45% amid US sanctions
In February 2022, immediately after the introduction of US sanctions against VTB, the bank, as a result of an additional issue, reduced its stake in Demetra-Holding, which unites its grain assets. The state bank, as follows from the information on the holding's website, now owns a share of 45% of the grain holding. Previously, VTB was the owner of Demeter-Holding with a share of 50% plus one share. Read more here.
Sale of 46.29% stake in Cyprus-based Russian Commercial Bank to its head after US sanctions
In February 2022, after the imposition of sanctions USA VTB , he sold a 46.29% stake in Cyprus. Russian Commercial Bank The buyer was other shareholders of the bank: 49.9% Crendaro Investments. RCB has been headed by Kirill Zimarin for more than 10 years, he is also the owner of Crendaro Investment.
VTB ceased to control Post Bank
On February 24, 2022, on the day of the imposition of sanctions by Britain, VTB Bank announced that it had ceased to control Post Bank.
VTB closed the sale of two shares of Post Bank to the new president - chairman of the board of the credit institution Alexander Pakhomov. As a result, VTB's share in Post Bank decreased to 50% minus one share and equaled the share owned by Post Finance LLC (100% subsidiary of Russian Post).
2021
Investing ₽2 billion in MegaFon's satellite project
On December 29, 2021, it became known that VTB Bank invested 2 billion rubles in MegaFon 1440, a company engaged in the creation of a low-orbit satellite constellation. Under the terms of the agreement, VTB received 15% of the project, MegaFon retained a 75% stake. Another 10% belongs to the MegaFon 1440 team - Alexei Shelobkov, Artem Ikoev and Sergei Stolyarov. The representative of VTB will join the board of directors of MegaFon 1440. Read more here.
Sale of interest in Binnopharm Group
On December 14, 2021, AFK Sistema announced an increase to 75.3% of its effective stake in the Binnopharm Group holding, which, among other things, is engaged in the production of the Sputnik V coronavirus vaccine. Read more here.
Purchase of a stake in Magnit for ₽100 billion
On November 19, 2021, VTB officially announced the sale of its stake in the Magnit network. We are talking about 17.28% of the retailer's ordinary shares. Read more here.
VTB bought 2 shares from Rudenko and became the controlling shareholder of Post Bank
In September 2021, VTB bought two shares of Post Bank from its head Rudenko. Now the state bank has gained control over the bank. Earlier, Rudenko owned two shares to maintain a balance of interests between VTB and Russian Post.
Repelling a major DDoS attack
On October 1, 2021, VTB announced the reflection of the largest cyber attacks in its history. The bank's specialists noted a sharp increase in the number of DDoS attacks in September.
During this month, VTB successfully repelled over 80 threats - more than in all eight previous months since the beginning of 2021. Several "records" were recorded - up to 350 Gbps in power and up to 6 hours of attack duration.
The main goal of the attackers is the inaccessibility of the bank's online services. First of all, cyber fraudsters seek to disable the site and Internet bank, as well as 3ds Internet payment protection services.
According to the VTB press service, one of the frequent attack options is when "parasitic" traffic is generated from many thousands of sources, the processing of which can cause congestion of network equipment.
VTB successfully repelled attacks by attackers thanks to the means of protection of the credit institution itself, as well as services for filtering network traffic on the side of telecommunications service providers.
VTB services are provided with multi-level protection and are designed immediately taking into account security requirements. The bank has means of protection against DDoS attacks, firewalls, sandboxes in order to analyze all incoming information from outside, including from partners. The second echelon is the processing of events and the detection of abnormal traffic, the credit institution said.
In August 2021, Sberbank repelled the "world's most powerful cyber attack" on the financial system, said Stanislav Kuznetsov, deputy chairman of the board of Sberbank. Its capacity exceeded 50 Gbps. However, in the third quarter of 2021, attacks with a speed of up to 1 TB/s were already recorded, organized on one of the players in the financial services market, the founder and CEO of Qrator Labs Alexander Lyamin told RBC.[3]
Obtaining a share in the NPO "Mobile Card"
On September 17, 2021, it became known that VTB State Bank received a share in the Mobile Card NPO, which, according to the order of President Vladimir Putin, is a single betting center for bookmakers. Thus, VTB entered a new market for itself. Read more here.
VTB became the owner of 100% of Zapsibcombank
At the end of July 2021, it became known that VTB consolidated 100% of Zapsibcombank. Prior to that, VTB had 88.88% of the Ural credit institution, and 11.12% of the shares were owned by subsidiaries and affiliates of Zapsibkombank. Read more here.
Purchase of electronic document management operator "InfoTeCS Internet Trust"
On July 5, 2021, it became known about the sale of InfoTeCS Internet Trust to VTB Bank. The deal was struck two months earlier - in May. The financial and other terms of the agreement were not disclosed. In particular, the share that VTB transferred is unknown. Read more here.
Trust sold 9% of VTB
On May 19, 2021, it became known about the sale of a 9.08% stake in VTB by the bank of non-core assets Trust. The transaction took place based on the price of 4.27 kopecks for one ordinary security. Read more here.
Sale of part of its stake in RTK-DPC
On May 11, 2021, it became known that VTB sold a small stake in Investments in Cloud Technologies LLC, through which the state bank owns the Data Storage Center company (RTK-Data Center brand, combines Rostelecom's data center assets). Read more here.
Building a Company to Develop Complex IT Systems
In mid-April 2021, it became known about the creation of the company. " Supercode Its founders are the structure VTB and Rostelecom"," also Proteus LLC, Software which is 80% owned by JSC "" GS INVEST(a joint venture and, Gazprombank to Sergey Matsotsky which he contributed assets received after the division of the business). IBS More. here
Ai-Teko sold its stake in Servionica to the owners of Technoserv
As TAdviser found out, in early 2021, I-Teco sold a 25% stake in Servionica to T1. "T1" combines the assets of "Technoserv" and is 30.5% owned by VTB, follows from the database of legal entities "Kontur. Focus." And 69.4% in T1 is owned by Sirocco Technologies. Read more here.
Finalization of Binnopharm Group Holding
A consortium of investors consisting Russian Direct Investment Fund of (RDIF, sovereign wealth fund), of the Russian Federation an RussianChinese investment fund (RCIF, created by RDIF and), China Investment Corporation as well as the largest Middle East funds in partnership with a AFK Sistema public Russian investment company, and the Group VTB on February 19, 2021 announced the completion of the creation of the holding "." Binnopharm groups More. here
Contingent terms for loans to dummies
In February 2021, a VTB employee, a teacher at Pskov State University and an unemployed woman united to steal money from a state bank. They issued loans for dummies at VTB and withdrew 2.5 million rubles. The gang was given suspended sentences. An employee of VTB was given 5 years probation, a teacher - 4 years probation, unemployed - 2 years 6 months probation.
Bank employee received a term for embezzlement of 57 million rubles
In February 2021, the Irkutsk Regional Court approved the verdict in the case of embezzlement of 57 million rubles in VTB Bank.
The ex-head of the sales department was found guilty. From 2013 to 2016, he issued 624 salary and credit cards with a monthly limit of up to 300 thousand rubles for 415 customers. Fake copies of documents were used, false information about non-existent people was entered into the bank's registers for issuing cards.
When the card was issued, the mother of the banker entered into business, she withdrew money from ATMs in Irkutsk and Angarsk. From time to time, the criminal tandem made minimal payments on loans through the online payment system. But, of course, infrequently.
Now three apartments in the center of Irkutsk, two garages and two expensive cars, a collection of watches - seized to compensate for the damage. Mother and son got 10.5 years for two.
The court satisfied VTB's claim to recover 13.6 billion rubles from Otkritie Holding
On January 11, 2021, the Moscow Arbitration Court satisfied VTB's claim to recover 13.6 billion rubles from Otkritie Holding. Read more here.
2020
Otkritie Bank sold VTB shares to Trust for 44.6 billion rubles
On December 29, 2020, Otkritie Bank conducted a deal to sell VTB shares to Trust for 44.6 billion rubles. How many securities are in question is not specified.
As the TASS agency reminds, in mid-December 2020, the head of the Central Bank of the Russian Federation (the regulator is a shareholder of Otkrytie and Trust) Elvira Nabiullina reported that the deal with VTB shares could take place before the end of 2020.
Earlier, the Central Bank supported the transfer of VTB shares as non-core assets from the balance sheet of Otkritie Bank to Trust. The transition of non-core assets to Trust was recommended by investment consultants in connection with the preparation of Otkrytie for sale, which is planned by the regulator in 2021-2022. The Central Bank owns a 99.9% stake in Otkrytie, which has been undergoing reorganization since August 2017.
The head of Otkritie, Mikhail Zadornov, in August 2020 called the bank the largest minority shareholder in VTB. Opening directly or indirectly, she controlled a 14.83% stake in the state bank. Such a stake in VTB on the Moscow Exchange costs over 70 billion rubles. Otkritie Bank had only a 9% stake on its balance sheet. Otkritie's board has repeatedly criticized the decline in dividend payments from the state bank, which were approved by the Ministry of Finance in 2019 and 2020.
Deputy Finance Minister Alexei Moiseev said that the ownership of a large stake in VTB by Otkritie Bank is wrong in terms of competition. Authorities have begun discussing options to address the issue, including buying back or trading those shares for other assets. As an option, the possibility of buying back shares by the corporation was discussed ВЭБ.РФ. From the point of view of competition, finding VTB shares on VEB's balance sheet is "another matter," since ВЭБ.РФ is an institution of development and does not compete in the banking market, Moiseev said.[4]
Acquisition of 44.8% stake in RTK-DPC
VTB on December 24, 2020 announced TAdviser about a strategic partnership with Rostelecom in the development of the business of the Data and Cloud Services Center. As a result of the transaction, VTB Bank will invest 35 billion rubles in the company's capital and will become the owner of 44.8% of RTK-DPC shares. Read more here.
The Central Bank allocates 79.8 billion rubles to Trust for the purchase of non-core assets of Otkrytie, including VTB
On November 27, 2020, the Central Bank of the Russian Federation announced that it was allocating financing to Trust Bank in the amount of up to 79.8 billion rubles for the purchase of non-core assets of Otkritie FC. These measures are aimed at preventing the bankruptcy of Trust. Read more here.
VTB sued $873 million from Otkritie Holding's daughter
On November 26, 2020, it became known that the Arbitration Court fully satisfied Moscow the claim VTB against the structure of "" Opening of the holding- the company "Opening Industrial Investments." The latter, according to the court decision, will have to pay the plaintiff $872.88 million, including $825 million of the principal debt on the loan (the rest is interest and a penalty). More. here
Liquidation of a company in Mozambique, which owes VTB $535 million
In October 2020, the Maputo Court (Mozambique) decided to liquidate the state-owned company Mozambique Asset Management, which owes VTB $535 million. Most likely, Russia will never see this money.
Debt can now be passed on to the Mozambican government. The African country is in economic distress.
The story of the debt is muddy and confusing. It was formed back in 2013-2014, when Mozambique borrowed about $2 billion from Swiss Credit Suisse, Russian VTB and French BNP for three Mozambican state-owned companies that bypassed parliament contracts for the purchase of marine and fishing equipment through the contractor Privinvest, owned by Franco-Lebanese businessman Iskandar Safa. The deal was overseen by the head of the Ministry of Finance Manuel Chang, who safely hid information about "tuna" bonds and loans. After the discovery of these funds, it turned out that the amount is equal to 20% of Mozambique's external debt, and the country declared a default.
Data leakage of 31 thousand VTB cards
At the end of August 2020, it became known about the leakage of customer data VTB. The bank recognized this fact, but assured that what happened was on threats to users.
According to RBC, a file with 31 thousand is distributed in Telegram channels. VTB card data. The base contains the first six and last four digits card number, validity period, indication of payment system and bank, who issued the card, as well as full name, contact details (phone number and e-mail) and the address of the client's residence.
VTB Telegram channel clarifies that the leak occurred on the side Joom marketplace. There is no threat to customers' funds, it says message.
| | There were no leaks of personal information on the bank's side. We emphasize that there is no threat to the safety of customers' funds: the data does not allow taking any action with customer accounts. At the moment, we are conducting a comprehensive check of this incident, based on its results, appropriate measures will be taken, the bank emphasized. | |
August 27, 2020 RBC, citing sources in the banking sector reported that the Bank of Russia and Visa payment system notified credit organizations about the leakage of bank customer card data.
As the publication pointed out with reference to sources in the banking sector, in a database with data of 55 thousand users turned out to be publicly available. On information of RBC interlocutors, customer data leaked to the network Joom marketplace.
Joom spokesman admits attackers in March 2020 gained access to the resources of one of the counterparties of the marketplace and stole user data. After that, the company stopped with him the relationship and eliminated the threat of further leakage, Joom said. Later verification marketplace confirmed that the published information coincides with the data from the March leak.[5]
Plan to close 400 offices out of 1,500
In August 2020, it became known that VTB plans to close 400 offices out of 1,500. This will partly happen at the expense of subsidiary banks: Vozrozhdenie (about 100 offices), Zapsibkombank (more than 50 offices), Surgutneftegazbank (20 offices).
Transition of 100% of "Russian Towers" secured by VTB
On July 22, 2020, it became known that VTB had secured a loan of 100% of Russia's largest telecom infrastructure operator, Russian Towers. Read more here.
Opening a credit line of 25 billion rubles. for Europlan
The bank VTB opened the car leasing company "" Europlan credit a line of 25 billion rubles. with a tranche period of up to 3 years. The funds will be directed to financing leasing transactions. This was announced on July 7, 2020 by Europlan. More. here
VTB gold reserve is larger than that of many countries
According to the results of April 2020, VTB Bank acquired another 4.4 tons of gold, increasing the total volume of precious metal owned to 51 tons.
- As of May 1, the second largest bank on the balance sheet had twice as much gold as all other banks combined (23.4 tons).
- VTB's gold reserve is already comparable to the reserves of the central bank of not the smallest economies: for example, Finland in ZVR - 49.1 tons of gold, Qatar - 42.2 tons, Malaysia - 38.9 tons.
- In 54 out of 100 countries of the world, statistics on which are kept by the IMF, gold reserves in ZVR are inferior to the volume that VTB managed to accumulate.
The bank became the only major bank that continued to replenish storage facilities in March and April, when the Central Bank of the Russian Federation stopped purchasing precious metal into reserves, encouraging bankers to sell metal abroad to compensate for the lack of oil dollar revenues.
200 million rubles for mortgage repayment as part of electronic interaction with the FIU
On May 28, 2020, VTB announced that it had sent more than 430 applications for disposal of maternity (family) capital funds as part of the electronic interaction process with the Russian Pension Fund. For a month of work on the technology of data exchange in XML format, customers have already received the first confirmation of the FIU on a positive decision and used the means to improve housing conditions. At the end of May 2020, the total amount of such transfers for applications in operation exceeds 200 million rubles. Read more here.
Concessional lending for 22 Yakitoria restaurants to pay salaries
On April 29, 2020, it became known that 40 restaurants Yakitoria"" applied for a preferential credit payment of wages to employees, bank VTB which was one of the first to join the business support program. 22 restaurants at the end of April 2020 received approval from the Bank. More. here
Ex-VTB employee and his mother went to prison for bank card fraud worth 57 million rubles
At the end of February 2020, the Angarsk City Court of the Irkutsk Region sentenced a former VTB employee and his mother to prison terms for bank card fraud. Read more here.
Avoiding plastic in the production of bank cards
On February 13, 2020, VTB announced its decision to abandon the use of plastic in the production of bank cards in favor of environmentally friendly material, is easily recycled and does not pollute the environment. It is expected that up to 1 million VTB customers will switch to it in a year.
The cards will be made from polylactide, a renewable bio-source. In terms of "life expectancy," it is not inferior to analogues made of standard plastic, despite the fact that the cost of production is comparable, VTB said.
VTB customers will be able to choose ordinary plastic or an environmental card. For those who choose the second, the bank will develop special incentives in the form of increased cashback and bonuses.
Together with such a card, the client will receive an electronic memo. It will indicate the current addresses of separate garbage collection and other tips for environmentally friendly behavior.
Several banks from among those surveyed by Izvestia conducted pilot releases of "bioplasty," but for many respondents the advantages of such material are not obvious. However, experts are confident that the statistics speak for themselves: in total, 5.6 billion payment cards were issued in the world, and 280.2 million in Russia. This is 28 thousand and 1.4 thousand tons of non-decomposable plastic, respectively.
| | Promsvyazbank studied the possibility of issuing cards from ecoplastic, but the options offered on the Russian market can only be considered as conditionally decomposable material. The timing of its collapse is about 25 years. From the point of view of ecology, the advantages of such material are not obvious and require study, - Alexander Petrov, director of the bank's payment card department, told the publication.[6] | |
Tinkoff Bank, as the publication was told there, has been releasing an environmentally friendly map since 2016 in cooperation with the World Wildlife Fund. It is also made of polylactide. The bank did not provide other details of the joint project.
2019
VTB management halved bonuses
Management VTB halved bonuses for 2019. The corresponding decision was made, bank's supervisory board it was announced at the end of September 2020.
According to RBC, citing the VTB press service, the decision to cut remuneration twice to members of the bank's board was made in a situation of economic turbulence provoked by the COVID-19 coronavirus pandemic.
It is noted that the decision to reduce payments was initiated by the bank's management and supported by the supervisory board unanimously. At the same time, VTB did not disclose the amount of bonuses that the bank's top managers will receive.
VTB also noted that the payment of remuneration for 2019 was supposed to take place in April 2020, but the management recommended that the VTB Supervisory Board postpone the solution of this issue for several months - until the fall.
Regulators around the world, including the Russian Central Bank, recommended that banks refuse to pay cash bonuses to top managers amid the COVID-19 pandemic.
| | Banks should take the situation more responsibly and limit, and we recommended it, payments of bonuses and dividends in order to support their airbag and use it precisely in order to ease the situation for borrowers and to issue new loans, "said Central Bank Chairman Elvira Nabiullina. | |
On September 24, 2020, VTB shareholders decided that the bank would transfer 10% of profit for 2019 (20.12 billion rubles) to holders of securities as dividends. This is five times less than the amount that was planned before the crisis. Back in February, the bank's top management announced plans to send 100.6 billion rubles, or 50% of net profit under IFRS, to dividends .
In 2019, payments to the VTB board amounted to 2.23 billion rubles, according to the issuer's quarterly report. This amount includes bonuses and wages. At the end of September 2020, VTB's board included 12 people.[7]
Agreement to acquire controlling interest in Domiland
As part of the development of the housing ecosystem, VTB reached an agreement to acquire a controlling stake in Domiland, one of the real estate management systems in Russia. VTB announced this on November 14, 2019 and indicated that the transaction will be finally closed until the end of November. Read more here.
Data of several thousand VTB depositors went on sale
In November 2019, it became known that the data of 5 thousand VTB depositors appeared on sale at a specialized forum.
The fragment of the database available to Izvestia contains personal information about depositors (full name, home address, index, phone number and deposit amount, several lines also contain the client's e-mail).
According to the publication, 3000 records from the mentioned database are sold at 10 rubles per line, and another 2000 - at 6 rubles per record.
The press service of VTB said that the bank conducted an investigation into the appearance of this information and found out that we are talking about isolated information that was relevant as of 2016.
The bank also noted that the company has a system for distinguishing access rights to information and "on a regular basis, strict control of user actions when working with confidential data is carried out."[8]
| | The bank contacted all customers whose personal information may have been compromised, warned of what had happened and apologised. Nothing threatens their information security , "VTB said. | |
VTB will sell its stake in Tele2 to Rostelecom for shares
On October 4, 2019, it became known that the president Russia Vladimir Putin signed a decree on PJSC Rostelecom"," which allows the company to increase its share in the mobile operator (T2 RTK Holding trademark Tele2) to 100%.
According to the decree, Rostelecom will conduct an additional issue of its shares, which, by closed subscription, will be placed in favor of Tele2's co-owner, the state bank. VTB As the head of VTB said earlier, Andrey Kostin the state bank will receive a 17% stake in Rostelecom for its stake in Tele2. More. here
Purchase of 100% shares of First OFD
VTB Group on August 7, 2019 announced the acquisition of a 100% stake in the fiscal data operator First OFD (ESK JSC) from the ESN Group. As of August 2019, First OFD serves about 400 thousand cash desks and is one of the three largest operators of the country's fiscal data with a market share of 16%. Read more here.
Ban on employees taking pictures of computer screens
On June 24, 2019, it became known that large banks in Russia banned their employees from photographing computer screens using personal mobile phones. According to RBC, restrictions were introduced at Sberbank, Unicredit Bank, Otkritie Bank and VTB. Read more here.
TAdviser interview with Chief information officer Sergei Baranov
VTB Bank completes the implementation of a three-year IT strategy and sets new tasks. In May 2019, VTB Chief information officer Sergey Baranov in an interview with TAdviser spoke about the key transformations of recent years, ways to reduce the time-to-market indicator and new areas of development in the field of IT.
Joining the founders of the Autonomous Non-Profit Organization
On April 16, 2019, VTB Bank announced that it had joined the founders of the Digital Economy ANO. The decision on this was made by the management bodies of the bank and the ANO. At the time of publication of the message, the necessary documents are registered with the Ministry of Justice of Russia. Read more here.
Purchase of Medialogia
In January 2019, it became known that VTB acquired from IBS Group Holding a 63% stake in Medialogia, which is the developer of the media monitoring and analysis system. More on the deal here.
2018
Loan portfolio growth in the SMB segment by 24%
On March 5, 2019, it became known that VTB's loan portfolio in the small and medium-sized business segment in 2018 grew by 24% and exceeded 1.1 trillion rubles. More than a quarter of the portfolio is made up of loans in the field of trade, 17% - in the food and agricultural sectors, 14% - real estate and building materials and 12% - housing and commercial construction.
At the same time, the bank's guarantee portfolio in the segment grew by 30% over the year and reached 238 billion rubles, and the portfolio of attracting funds from legal entities reached 1.3 trillion rubles, which is 4% higher than in 2017.
In the segment of concessional business lending, the bank's loan portfolio grew by 68% and exceeded 133 billion rubles.
| | author '= Denis Bortnikov, Deputy President - Chairman of the Management Board of[9] Bank[10] ' VTB has significantly increased its lending to small and medium-sized businesses. We actively cooperate with enterprises of this segment, including within the framework of existing preferential government programs. | |
VIP client portfolio growth by more than a third to RUB 1.8 trillion
Dmitry Breitenbicher, Senior Vice President, Head of Private Banking at VTB, in February 2019, met with VIP clients of the bank at the Russian Investment Forum in Sochi, where he summed up the results of his work in 2018.
In 2018, VTB Private Banking increased its client portfolio by 38%, to 1.8 trillion rubles. The investment of VIP clients in investment products grew at a faster pace - more than 92% since the beginning of the year. The total volume exceeded 430 billion rubles.
The most popular among customers were bonds, shares of companies that regularly pay dividends, structural products with capital protection. Clients actively used individual trust management strategies and personal financial consulting (advisory) services.
Compared to the beginning of 2018, VTB Private Banking's share of foreign currency instruments in the portfolio increased from 53% to 59%.
| | "One of the key projects of 2018 was the merger of the retail and corporate block of VTB Group. The synergy allowed VTB to show growth rates in the Private Banking business more than twice ahead of not only the market and targets, but also its own result in 2017, "Dmitry Breitenbicher said during the event. "We simply meet the needs of our customers, and profit and outstripping growth rates are a kind of by-product that cannot be prevented from producing." | |
Creation of a joint venture with Russian Post
On September 12, 2018, Russian Post and VTB Group signed an agreement on the creation of a joint venture of National Logistics Technologies JSC with the aim of implementing a project to create 38 logistics centers throughout the country. As expected, the created infrastructure will allow serving the needs of both Russian and foreign participants in the remote trade market. Read more here.
2017
Acquiring business turnover increased by 40%
According to the results of 2017, VTB increased the turnover of its acquiring business by 40% - up to 1.4 trillion. rubles According to forecasts, the bank's share in the acquiring market Russia in will increase by 1 pp - up to 12%. At the same time, VTB remains the leader in the segment - with a Internetacquiring share of 25%.
The bank's participation in projects made it possible to increase the turnover in the acquiring business. In 2017, VTB partners in this area were retail chains, OBI,, Metro C&C Mediamarkt services "," Yandex.Taxi OneTwoTrip.
In addition, the group ensured the technological implementation of a project to pay for purchases using MasterPass, Apple Pay and Samsung Pay services.
Also in 2017, VTB began acquiring services for the Alipay payment service in its POS-terminal network, becoming the largest partner of Ant Financial Services Group in Russia. The project is designed for tourists from the PRC. As of December 25, 2017, more than a thousand people have already used the service.
In 2017, VTB began acquiring American Express and China Union Pay cards. According to VTB, the turnover for them is about 100 million rubles. Also, throughout the year, the bank actively developed mobile commerce. Monthly turnover through mPOS already exceeds 3 billion rubles (for comparison, in 2016 the average monthly turnover was 0.8 billion).
| | VTB's POS terminal network has 180 thousand devices. The priority tasks of the group for 2018 are the development of acquiring in the segment of small-medium-sized businesses, card-to-card transfer services, the connection of new payment systems and innovative payment methods, - said Alexey Kirichek, director of the acquiring department of VTB Bank. | |
Bank of VTB unveils new logo
VTB Bank introduced a new financial institution logo on its Facebook page in December 2017. The shape and color of the credit institution's emblem have changed: now the logo is three horizontal stripes of blue. Previously, the corporate symbol of VTB Group was a dark blue "wing."
It will be used after the VTB24 joins VTB. The accession of VTB24 Bank to VTB will take place on January 1, 2018. VTB and VTB24 customers can transfer funds free of charge between banks in all remote service channels. In October, VTB CEO Andrei Kostin announced that joining VTB24 to VTB and reorganizing its business in Europe would save the group up to 18 billion rubles a year.
France Business Reduction Plan
In June 2017, it became known that VTB Bank plans to reduce operating activities in France (VTB France, a French bank with Russian capital, operates in the country) and move its European headquarters from Vienna to Frankfurt, combining two European subsidiary banks into one. The head of VTB Andrei Kostin said this in an interview with The Financial Times.
The restructuring of VTB's European business is aimed at cutting costs and leaving the list of 125 most significant players in the EU banking sector. Banks on this list face additional controls from the ECB, which also conducts stress tests of these credit institutions.
VTB has 60 employees in France and more than 240 in Germany and Austria.
"In Europe, we definitely have plans to cut costs because we have three banks, small banks in Germany, Vienna and France," Kostin reported. - There are three licenses. We have agreed with the ECB that all banks will have one license to help us exit systemically important banks. We are shrinking in Europe. "
VTB's restructuring plan in Europe is under development, a source familiar with the ECB's position told the publication. VTB's plan is expected to be approved by the end of 2017.
2016: Net profit 51.6 billion rubles
In 2016, VTB Group earned 51.6 billion rubles of net profit. This is more than 30 times more than a year earlier. However, despite the good profitability performance, the group was unable to show a positive trend in lending. Over the year, VTB's total loan portfolio decreased by 6.2%, to 9.48 trillion rubles. The corporate loan portfolio decreased by 10.3% over the year, the retail portfolio grew by 11%.
The volume of client funds raised by VTB Group for the year increased by 1.1%, to 7.346 trillion rubles. The growth was provided by the funds of individuals - their volume increased by 4.2% over the year, but the volume of funds of corporate clients decreased over the year by 0.9%. The Group reduced its reliance on capital raised in debt markets. At the end of 2016, the share of funds raised from them decreased from 5.1% to 3.6% in the bank's total liabilities.
2014: Collapse of profits up to 0.8 billion rubles, loss of 85.4 billion rubles in Ukraine
The net profit of VTB Group decreased by 125.6 times, from 100.5 billion rubles. up to 800 million rubles, follows from the consolidated banking group according to international financial reporting standards (IFRS) for 2014. At the same time, VTB's operating income over the past year increased by 27.5%, from 429.3 billion to 547.5 billion rubles[11]
For the first time since 2009, the bank also made a quarterly loss. According to the results of the fourth quarter of 2014, the group had to record losses in the amount of 4.6 billion rubles.
VTB notes that the growth in the total volume of group loans was associated with a strengthening of the dollar, while a quarter of loans and advances to VTB Group customers were denominated in dollars. As a result, the bank revised its lending strategy, tightening the requirements for securing loans.
The net interest margin (the ratio of the difference between interest income and interest expense to the bank's assets) also decreased - from 4.5 to 4.1%. In the group itself, the increase in reserves and a decrease in margin were explained by a sharp increase in the key rate from 10.5 to 17% in December 2014.
The worsening economic situation in Russia and the crisis in Ukraine caused significant losses.
At the end of 2014, VTB's losses from Ukrainian business amounted to 85.4 billion rubles. At the same time, more than half of the total loss falls on the fourth quarter: in the last three months of 2014, VTB lost about 45.3 billion rubles in Ukraine.
As a result, due to the Ukrainian crisis, the cost of the group's risk increased by more than two, from 1.6% in 2013 to 3.4%.
2012
Asset overview: 20 banks in 19 countries
In 2012, VTB Group had an international network unique to Russian banks, which consisted of more than 20 banks and financial companies in 19 countries.
VTB Bank and its subsidiary banks are the leading Russian financial group providing a wide range of banking services in Russia and a number of foreign countries. In Russia, the Group operates through one parent bank (VTB Bank) and five subsidiary banks, the largest of which are VTB24, Bank of Moscow and TransCreditBank.
Outside of Russia, the Group operates through 15 subsidiary banks located in the CIS countries (Armenia, 2 banks in Ukraine, 2 banks in Belarus, Kazakhstan and Azerbaijan), Europe (Austria, Cyprus, Germany, France, United Kingdom and Serbia), Georgia, Africa (Angola), 2 offices in Italy and China, 2 VTB branches in China and India and 3 VTB Capital branches in Singapore, Dubai and Hong Kong.
Composition of the Management Board
In 2012, the bank's management board included:
- Andrey Kostin, President, Chairman of the Management Board, Member of the Supervisory Board
- Yury Alekseyevich Solovyov, First Deputy Deputy President, Chairman of the Board
- Titov Vasily Nikolaevich, First Deputy Deputy President, Chairman of the Board
- Herbert Mohs, Vice President, Chairman of the Board
- Andrei Puchkov, Deputy President, Chairman of the Board
- Bortnikov Denis Alexandrovich, member of the board
- Vanurina Victoria Gennadievna, board member
- Olga Konstantinovna Dergunova, board member
- Lukyanenko Valery Vasilievich, board member
- Erkin Rakhmatovich Norov, board member
- Ekaterina Petelina, Member of the Board
2010
Net profit record 54.8 billion rubles
Net profit for 2010 according to international financial reporting standards amounted to a record 54.8 billion rubles, net commission income increased by one and a half times, operating expenses decreased, on the contrary. The consolidation of TransCreditBank also contributed to the growth of the group's assets.
VTB Bank's position in the corporate business significantly increased, which in 2010 provided a profit of 35 billion rubles. As part of the creation of a single corporate and investment business, VTB carried out a major restructuring aimed at further strengthening its market position through closer integration of the Group's commercial and investment segments and improving its customer service model.
In the field of corporate lending, 2010 was characterized by a normalization of the market situation, a decrease in crisis expectations and phenomena, which, as a result, led to a revival of customer activity. The Group successfully took advantage of the situation and increased its loan portfolio to RUB 2.5 trillion, and its market share in this segment amounted to 12.2%.
In general, during the period 2008-2010, the investment division of VTB Capital took part in 130 transactions in the debt and equity capital market, which made it possible to attract more than $55 billion in investments in the Russian economy. According to the results of 2010, VTB Capital came out on top among the organizers of bond issues and Eurobonds in the markets of Russia and the CIS. Notable events were the issues of the bank's Eurobonds in Singapore dollars and Chinese yuan, sovereign Eurobonds of Ukraine and Eurobonds of Russian Railways.
2010 was the first year of implementation of the group's new retail strategy, which is based on a combination of a customer-centric approach and increased profitability. In general, the number of active retail customers in Russia amounted to 7.3 million people, small businesses - 115 thousand. Retail experience and technologies VTB 24 are successfully applied in the sphere of business development outside Russia, in the CIS countries (Armenia, Ukraine Azerbaijan, and) Kazakhstan Belarus and the bank Georgia served 428 thousand individuals at the end of 2010.
The current state of the banking system allows us to look to the future with confidence - VTB representatives believe, but are already working on the development of a new development strategy for 2011-2015. Its main task will be the transition to intensive growth, based on improving the quality of financial services and the effectiveness of banking.
So far, in the context of the slow pace of development of the market, VTB has switched to improving efficiency and increasing quality indicators. The Bank intends to focus on the development of products and business segments with increased profitability. Until 2013, in the main areas, the profitability should be at least 15%. In 2011, the group's net profit is expected to increase to at least 80 billion rubles.
Strategy Adoption 2010-2013
The business conditions that changed as a result of the crisis necessitated the adoption of a new strategy by VTB Group. On May 26, 2010, the Supervisory Board of VTB Bank approved the Group's Development Strategy for 2010-2013.
The main directions of transformation:
- Unlike the previous stage, when the main task was to aggressively increase business volumes and market share, now the priority has been to improve efficiency, achieve the target return on capital, and increase the group's capitalization
- Key goals of VTB Group at the end of 2013 are to increase profit by more than 2 times compared to the target for 2010 and to increase the sustainability of financial results
- The Group plans to continue the business diversification policy, as a result of which several key business areas will be created that have significant weight in profit: corporate, investment and retail business, foreign network.
- The share of high-margin businesses, such as retail and investment, will increase. The share of commission income in the group's total operating income will also increase.
2009
Development of new directions
2009 was one of the most difficult periods for Russia in economic terms. The global financial crisis has significantly changed the conditions and prerequisites for doing business. Available liquidity in international capital markets decreased, credit risk increased significantly, and the financial condition of companies in the international market, including VTB Group customers, deteriorated.
In the face of a dramatic deterioration in the situation, VTB Bank set as a priority the preservation of the stability of the main indicators and ensuring stable operation. The measures taken promptly included adjusting the credit policy, improving the risk management system and intensifying work with problem debts. Along with this, the tasks of reducing costs were solved.
As a result, the crisis for VTB Group has become not only a serious test, but also a source of new opportunities. The Group took on the role of a conductor of state measures to support the Russian economy, primarily in providing credit resources to the real sector. VTB Bank one of the few continued lending and was able to attract new promising clients to serve. In 2009, the group increased the amount of funds raised by 35.7%.
Active development of new high-margin lines of business continued. The investment banking business created in 2008 reached profitability, and other non-banking financial areas began to be added to this area. In 2009, factoring business was launched, leasing, insurance and pension provision continued to develop.
Asset overview. 40 thousand employees
As of December 31, 2009, the Group's sales network consisted of 941 offices in the Russia CIS and, To Europe including 476 offices of the bank. VTB 24 Outside of Russia, the Group operates through five subsidiary banks in the CIS (Armenia, Ukraine Belarus, Azerbaijan and Kazakhstan), a subsidiary bank in, Georgia five subsidiary banks in (Europe Austria,,, and Germany Cyprus France), Great Britain one subsidiary bank and one financial company in Africa (Angola, Namibia), and an associate bank in Vietnam. VTB Group's UK Investment Bank has offices in Singapore and the United Arab Emirates, and has branches in and. India In Russia, China VTB operates under the general license of the Central Bank of the Russian Federation No. 1000, valid since 1990.
VTB Group operates in the areas of corporate, retail and investment banking. In the corporate business, the Group provides a wide range of products and services, lending, foreign trade transactions, syndicated loans, deposits and settlement services, as well as depository services, leasing and resource management services for large and medium-sized companies and financial institutions. In the retail business, VTB offers its clients deposits and settlement accounts, lending, as well as a number of additional services for individuals and small businesses. In the field of investment banking, VTB provides services such as underwriting in the debt capital markets, project financing, financing of mergers and acquisitions, consulting services, asset management and venture capital funds.
As at 31 December 2009, the Group had 40,447 employees. The main shareholder of VTB remains the Government of the Russian Federation, which, represented by the Federal Agency for State Property Management, owns 85.5% of the group's share capital.
Among the group's assets (as of 2009):
- VTB,
- VTB 24,
- Bank of Moscow,
- TransCreditBank,
- VTB-Development,
- VTB Debt Center,
- VTB Capital,
- VTB Capital Asset Management,
- VTB-Leasing,
- VTB-Leasing Finance,
- VTB Real Estate,
- VTB Pension Administrator,
- VTB Pension Fund,
- VTB Registrar,
- VTB Specialized Depository,
- VTB Insurance,
- VTB Factoring,
- MultiCard,
- VTB Capital Holding,
- VTB Capital Holding Ai Bi,
- VTB Capital Markets Limited,
- VTB Europe Strategic Investments,
- VTB Leasing (Europe),
- VTB-Leasing Capital,
- Banco VTB-Africa,
- Euroleasing,
- Russian Commercial Bank (Cyprus),
- Vietnam-Russia Joint Venture Bank,
- VTB Bank (Austria),
- VTB Bank (Deutschland),
- VTB Bank (France),
- VTB Capital (Namibia),
- VTB Bank (Azerbaijan),
- VTB Bank (Armenia),
- VTB Bank (Belarus),
- VTB Bank "(Georgia),
- VTB Bank (Kazakhstan),
- VTB Bank (Ukraine),
- Representative Office of VTB Bank in the Kyrgyz Republic,
- Representative Office of VTB Bank in Italy,
- Representative Office of VTB Bank in China,
- Branch of VTB Bank in New Delhi (India),
- Branch of VTB Bank in Shanghai (China).
2007: The first IPO among Russian banks for $8 billion
In 2007, VTB was the first among Russian banks to conduct an initial public offering of its shares. This became the largest international banking IPO at that time. The volume of funds raised in the capital of the bank amounted to $8 billion. In Russia, more than 120 thousand citizens of the country became its shareholders. The funds received allowed VTB to become one of the 100 largest banks in the world in terms of equity.
With the transformation of VTB Bank into a public company, its level of openness has significantly increased. Independent directors were involved in the management, an audit committee was formed under the Supervisory Board, and the Investor Relations Department began operations within the bank. In 2007, the international rating agency Standard & Poor's recognized VTB as one of the most informational and transparent Russian banks.
2006: Transition to a single brand and transfer of the head office to Petersburg
In 2006, the bank carried out a large-scale rebranding, thanks to which its subsidiaries in Russia and abroad began to operate under a single VTB brand. The Supervisory Board approved the development strategy of the bank and its subsidiaries for 2007-2010, designed to further strengthen its position in the Russian and international banking markets.
The bank also received a new legal address in the northern capital of Russia - the city of St. Petersburg.
2004: Purchase of Guta Bank and launch of VTB24
In 2004, VTB acquired Guta Bank and in 2005 launched on its basis the most successful project of a specialized retail bank in VTB24 in Russia. The purchase of the Industrial Construction Bank (St. Petersburg) allowed VTB to strengthen its position in the North-West region. VTB has become one of the most dynamically developing credit institutions in Russia, outperforming market averages in terms of growth.
At the same time, VTB began to create a powerful international banking group capable of competing on equal terms with leading Western banks. Consistently implementing strategic plans to expand its presence in foreign markets, VTB created subsidiary banks in Ukraine, Armenia and Georgia, and bought out shares in Russian foreign banks in Western Europe from the Bank of Russia. These moves were followed by the opening of a joint bank in Vietnam, a subsidiary bank in Angola, a financial company in Namibia.
2002: The Russian government buys VTB from the Central Bank. Andrey Kostin - Head of the Bank
In 2002, the main shareholder of VTB was the Government of the Russian Federation, which bought from the Central Bank of the Russian Federation its share in the authorized capital of the Bank. A new team of managers led by Andrei Kostin came to the bank. They set themselves a strategic task - to turn VTB into the country's leading banking institution.
In a short time, VTB managed not only to significantly increase the volume of investment lending to the economy, but also to take second place in Russia in terms of attracting funds from the population. The bank has launched two large-scale targeted programs to finance small businesses and develop home mortgage lending. This made it possible to lay a long-term foundation for VTB's leadership in the Russian retail banking market.
1997: Corporatization of the bank with a share of the Central Bank 96.8%
In 1997, the state decided to transform VTB from a closed to an open joint-stock company. The largest shareholder of the Bank with a 96.8% stake was the Central Bank of the Russian Federation. Against the backdrop of the acute financial crisis of 1998, the bank was able to avoid the fate of many bankrupt large credit institutions and maintained full solvency. He continued to carry out uninterrupted settlements and timely make payments on his obligations to customers and counterparties.
The impeccable reputation contributed to the rapid influx of new corporate clients. In 1999, VTB's authorized capital grew to 42.1 billion rubles, and the share of the Central Bank of the Russian Federation in the capital increased to 99.9%. VTB became the most capitalized credit institution not only in Russia and the CIS, but also in Central and Eastern Europe.
At the same time, VTB expanded cooperation with international financial institutions, in particular the European Bank for Reconstruction and Development. At the same time, the bank's presence in Western Europe increased, it became one of the shareholders of East-West United Bank (Luxembourg), East-West Handelsbank (Frankfurt am Main), and increased its share in the capital of Donau Bank (Vienna).
1990: Creation of Vneshtorgbank
The history of the Bank's activities VTB dates back to October 17, 1990, when, with the participation of the State Bank of the RSFSR and the Ministry of Finance of the RSFSR, the Foreign Trade Bank was established or abbreviated. Vneshtorgbank It was created to service foreign economic operations Russia and promote the country's integration into the world economy.
VTB Bank was entrusted with solving important government problems. He acted as an agent of the state to attract and service external loans related to the financing of large investment projects. The Bank received the exclusive right to sell precious metals on the foreign market on behalf of the Government of the Russian Federation and the Central Bank of the Russian Federation. VTB was also entrusted with the maintenance of the Republican Currency Reserve of Russia and the Stabilization Monetary Fund of the Central Bank of the Russian Federation.
Already in the second year of operation, VTB covered the whole world with a correspondent network. The bank has established business relationships with more than 200 leading financial institutions in Europe, America, Asia, Africa and Australia. During this period, the bank served almost a third of Russia's total foreign trade turnover.
The active participation of the state in the life of the bank and the implementation of a number of successful projects entailed international recognition. The leading rating agency Thomson Bank Watch has assigned VTB the highest credit rating among all Russian banks. The authoritative magazine International Investor included the bank among the thirty most highly liquid financial institutions in the world. The international rating agency Moody's has assigned VTB Bank a credit rating at the level of the sovereign rating of the Russian Federation.
Notes
- ↑ information
- ↑ VTB: the number of fraudulent attacks last year almost 4 times increased
- ↑ VTB announced a record-breaking DDoS attack on its services
- ↑ Otkritie Bank sold a stake in VTB to Trust for 44.6 billion rubles
- ↑ VTB customer card data is publicly available
- ↑ Payment biomass: VTB will transfer customers to ecoplastic cards
- ↑ VTB decided to halve bonuses to management for 2019 due to pandemic
- ↑ Opened depositors: 5 thousand records of VTB customers are sold on the Web
- ↑ [https://www.dp.ru/a/2019/03/05/VTB VTB
- ↑ v 2018 godu uvelichil VTB Bank increased its loan portfolio of small and medium-sized] businesses by 24% in 2018
- ↑ , Ukraine dropped VTB.
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