VTB Bank
 |
|
| Public () | |
| Traded as |
MCX: VTBR : |
| Industry | Banking |
| Founded | 1990 |
| Headquarters | Moscow, Russia |
|
Area served
|
Russia, CIS, Europe, Asia, Africa, U.S. |
|
Key people
|
Andrey L. Kostin (Chairman of the Supervisory Council) |
| Services | Financial services |
| Revenue |
 RUB 415 billion (2016) |
|
RUB 65.5 billion (2016) |
|
|
RUB 51.6 billion (2016) |
|
| Owner | Federal Agency for State Property Management (60.9%) |
|
Number of employees
|
91,236 (2016) |
| Website | www.vtb.com |
Andrey L. Kostin
(President and Chairman of the Management Board)
VTB Bank (Russian: ПАО Банк ВТБ, former Vneshtorgbank) is one of the leading universal banks of Russia. VTB Bank and its subsidiaries form a leading Russian financial group – VTB Group, offering a wide range of banking services and products in Russia, CIS, Europe, Asia, Africa, and the U.S. The Group’s largest subsidiaries in Russia are VTB 24, Bank of Moscow.
VTB was ranked 446th on the FT Global 500 2012, The Financial Times’ annual snapshot of the world's largest companies. It climbed to 210th in the ranking of the 500 largest companies in Europe, the FT Europe 500 2014, and to 127th in the FT Emerging 500 2014, the list of the 500 largest companies on the world’s emerging markets. The Moscow-based bank is registered in St. Petersburg and came 66th in the British magazine The Banker’s Top 1,000 World Banks in terms of capital in 2014.
1990: Russia’s Foreign Trade Bank (Vneshtorgbank) was established with the support of the Russian State Bank and the Ministry of Finance. It was set up as a limited liability company with the aim of servicing Russia’s foreign trade operations and promoting Russia’s integration into the global economy.
1997: The bank was converted into a public company, majority owned (96.8%) by the Russian government represented by the Central Bank
2002: The bank’s stocks were transferred to Russia’s Ministry of State Property.
2004: The bank acquired a majority stake (85.81%) in Guta Bank, which was struggling with liquidity problems and experiencing serious financial difficulties. The new acquisition was reorganised into a retail bank, Vneshtorgbank 24. The bank also acquired the Armenian Armsberbank, which was later renamed VTB Armenia.
2005: The bank acquired 75.5% plus three shares of the Promstroybank (PSB), which was reorganised as Bank VTB North-West and later became VTB’s North-Western Regional Centre.
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Wikipedia