VTB Bank

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JSC VTB Bank
ПAO
Traded as MCXVTBR
LSEVTBR
Industry Banking
Founded 1990; 28 years ago (1990)
Headquarters Moscow, Russia
Area served
Russia, CIS, Europe, Asia, Africa, U.S.
Key people

Andrey L. Kostin
(President and Chairman of the Management Board)

Anton Siluanov
(Chairman of the Supervisory Council)
Services Financial services
Revenue Increase RUB 415 billion (2016)[1]
Increase RUB 65.5 billion (2016)[1]
Increase RUB 51.6 billion (2016)[1]
Owner Federal Agency for State Property Management (60.9%)[2]
Number of employees
91,236 (2016)[3]
Rating Ba2 (Moody's), BB+ (S&P) (2017)[4]
Website vtb.com

VTB Bank (Russian: ПАО Банк ВТБ, former Vneshtorgbank, lit. foreign trade bank ) 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 is Bank of Moscow. VTB 24, formerly a subsidiary, was fully integrated into VTB Bank on January 1, 2018.

VTB was ranked 446th on the FT Global 500 2012,[5] 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,[6] 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.

History[edit]

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 (VTB24). 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.

2006: Vneshtorgbank and Vneshtorgbank 24 were rebranded VTB and VTB 24. The bank set up a subsidiary, VTB Africa in Angola, and bought the Ukrainian bank Mriya, which was later merged with VTB Bank (Ukraine).[7]

2007: The bank took over Slavneftebank in Belarus, later renamed VTB Belarus. VTB was the first Russian bank to offer an initial public offering (IPO), raising $8 billion in what became the largest international banking IPO at the time.

2008: VTB set up a subsidiary, VTB Kazakhstan.

2009: The bank acquired AF Bank in Azerbaijan from AF Holding International, later renamed VTB Azerbaijan.

2010: VTB bought a 43.18% stake in TransCreditBank from Russian Railways.

2011: VTB invested more than $191 million for shares in the Isle of Man company DST Investment 3[8] which was roughly than half of the funds in Yuri Milner's DST Global.[9] This led to Milner's large stake in Twitter.[9][8] Kanton had almost no investment in Twitter.[9] DST Investment 3 also issued shares to Alisher Usmanov's Kanton that were used to support the Kremlin's investment in Facebook.[9]

2011: VTB sold a 10% stake to foreign investors 2011. The deal yielded over 95 billion rubles for the Russian government. The bank pioneered in realization of privatization plan for state-run companies. As a result of the privatization, the government’s stake in the bank’s equity decreased to 75.5%.

By the end of December 2011, VTB had increased its stake in Bank of Moscow to 94.84%.[10]

2012: VTB increased its stake in TransCrediBank to 99.6% after buying more stock from Russian Railways.[11]

2013: VTB carries out additional share issue. As a result of the SPO the Russian government’s share in VTB has decreased by almost 15%.[12]

7 May 2014: VTB transferred most of its DST Investment 3 to Kanton.[9][13]

29 July 2014: the Office of Foreign Assets Control (OFAC) published that VTB Bank OAO, which is the second largest bank in Russia, together with its subsidiaries (“the VTB Group”) and the Bank of Moscow through its parent bank, VTB Bank OAO, and other entities have been added to the Specially Designated Nationals List (SDN).[14][15][16][17][18][19][20][21][22][23] This freezes the assets in the United States of VTB, VTB Global, Bank of Moscow, and other entities; and blocks any United States citizen or entities from conducting business with VTB, VTB Global, Bank of Moscow, and other entities.

31 July 2014: VTB was added to the European Union sanctions list due to its role in the 2014 Crimean crisis.[24] VTB assets and its subsidiaries in the EU have to be frozen.

24 July 2015: Approved by Dmitry Medvedev, an agreement was signed between the bank president, Director of Russian Post, Dmitry Strashnov, and Minister of Communications and Mass Media, Nikolai Nikiforov, on the Russian Post purchase of 50% minus 1 share of Leto Bank (Summer Bank) from VTB24, with the purpose of reorganising it into the National Post Bank. The remaining 50% plus one share will be owned by VTB24 of VTB Bank. VTB CEO Kostin suggested appointing Dmitry Rudenko, the current head of Leto Bank, as the head of Post Bank (Russia).[25]

22 December 2015: United States imposed additional sanctions on VTB Bank and its subsidiaries.[26][27][28][29][17][22]

28 January 2016: a set of documents was signed between VTB24 and Russian Post on establishing the Post Bank. Russian Post purchased 50% minus 1 share of the newly established Post Bank through its 100% subsidiary. The remaining 50% plus one share is owned by VTB24 of VTB Bank. Dmitry Rudenko, the head of Leto Bank of VTB24, became the head of Post Bank (Russia).[25][30][31][32]

27 December 2017: Post Bank (Russia) announces that President-Chairman of the Board of VTB24, Mikhail Zadornov, and the Board Member of VTB24, Alexander Sokolov, will step down. Both Zadornov, as Chairman of the Board, and Sokolov, as temporary Chairman of the Board until Zadornov arrives, become members of the Management Board of Otkritie FC Bank.[33] Post Bank (Russia) announces that the president and chairman of the board of VTB Bank, Andrey Kostin, as well as senior vice-presidents of VTB Bank, Dmitry Pianov and Vladimir Levykin, will be placed on Post Bank (Russia) supervisory board. The supervisory board of Post Bank (Russia) includes:[34]

  • Minister of Communications and Mass Media of the Russian Federation, Nikolay Nikiforov
  • President-Chairman of the Board of VTB Bank, Andrey Kostin
  • Deputy President and Chairman of the Board of VTB Bank, Anatoly Pechatnikov
  • Senior Vice-President of VTB Bank, Vladimir Levykin
  • Senior Vice-President of VTB Bank, Dmitry Pianov
  • Director General of FSUE Russian Post, Nikolai Podguzov
  • President and Chairman of the Board of Post Bank, Dmitry Rudenko
  • Deputy General Director of FSUE Russian Post on Financial Business, Vladimir Salakhutdinov
  • Member of the Council for Strategic Development of FSUE Russian Post, Pekka Viljakainen

28 December 2017: VTB24 sells two shares to Dmitry Rudenko, the Chairman of the Board of Post Bank. VTB 24 and Russia Post have equal shares in Post Bank: each have 50% minus one share.[35] VTB24 has 1,062 branches.[36]

1 January 2018: VTB acquires VTB24. The integrated network has 1,350 branches.[37][38]

These actions by Post Bank (Russia), VTB24, and VTB Bank during January 2016, December 2017, & January 2018 are intended to bypass the United States sanctions. VTB Group and their subsidiaries are under sanctions on the United States Sectoral Sanctions Identifications list. If ownership of the entity by VTB Group or its subsidiaries is 50% or more, then that entity is also under United States sanctions. Post Bank (Russia) was formed to bypass the United States sanctions since the Post Bank (Russia) ownership by a United States sanctioned entity (VTB Bank) is one share less than 50%.[17][22][26][27]

Mergers and acquisitions[edit]

VTB Bank took over 12 banks between 2002 and February 2012, including four in Russia, three in Europe, and five in the CIS:

  • Guta Bank (2004), later renamed VTB24[39][40]
  • Bank of Moscow
  • TransCreditBank
  • Armsberbank in Armenia (2004), later renamed VTB Armenia[41]
  • Promstroybank (2005), renamed Bank VTB North-West and later reorganised as VTB’s North-Western Regional Centre[42]
  • Eurobank in France (2005), later renamed VTB France[43]
  • Evrofinance Mosnarbank in Great Britain (2005), later renamed VTB Europe Plc, and then VTB Capital Plc
  • Ost-West Handelsbank AG in Germany (2005), later renamed VTB Germany[44]
  • United Georgian Bank (2005), later renamed VTB Georgia[45]
  • Mriya in Ukraine (2006), later merged with VTB Ukraine[46]
  • Slavneftebank in Belarus (2007), later renamed VTB Belarus[47]
  • AF Bank in Azerbaijan from AF Holding International (2008), later VTB Azerbaijan[48]

Corporate affairs[edit]

Shareholders[edit]

The main shareholder of VTB is the Russian Government,[9] which owns 60.9% of the lender through its Federal Agency for State Property Management. The remaining shares are split between holders of its Global Depository Receipts and minority shareholders, both individuals and companies.

In February 2011, the Government floated an additional 10% minus two shares of VTB Bank. The private investors, who paid a total of 95.7 billion rubles ($3.1 billion) for the assets, included the investment funds Generali, TPG Capital, China Investment Corp, a sovereign wealth fund responsible for managing China’s foreign exchange reserves, and companies affiliated with businessman Suleiman Kerimov.[49]

In May 2013 VTB completed a secondary public offering (SPO), issuing 2.5 trillion new additional shares by public subscription. All the shares have been placed on Moscow’s primary stock exchange. The government has not participated in the SPO so its stake in the bank decreased to 60.9% after the subscription has been closed. The bank has raised 102.5 billion rubles worth of additional capital. Three sovereign wealth funds Norway’s Norges Bank Investment Management, Qatar Holding LLC and the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and commercial bank China Construction Bank became the largest investors during the SPO after purchasing more than half of the additional share issue.[12]

Management[edit]

As of March 2017, its Management Committee consists of Andrey Kostin (Chairman since 10 June 2002),[9] Yuri Soloviev (First Deputy President and Chairman), Vasily Titov (First Deputy President and Chairman), Herbert Moos (Deputy President and Chairman), Mikhail Oseevskiy (Deputy President and Chairman), Andrey Puchkov (Deputy President and Chairman), Denis Bortnikov (Member of Management Board), Victoria Vanurina (Member of Management Board), Maxim Kondratenko (Member of Management Board), Valery Lukyanenko (Member of Management Board), Erkin Norov (Member of Management Board).

Supervisory council[edit]

As of April 2017, VTB’s Supervisory Council consists of Anton Siluanov (Chairman), Matthias Warnig (member),[9] Sergey Galitskiy (Independent member of supervisory council), Sergey Dubinin (member of supervisory council), Yves Thibault de Silguy (Independent member of supervisory council), Andrey Kostin (President and Chairman of VTB Bank Management Board), Shahmar Movsumov (Independent member of supervisory council), Valery Petrov (Independent member of supervisory council), Nicolai Podguzov (member of supervisory council), Vladimir Chistyukhin (member of supervisory council), Andrei Sharonov (member of supervisory council).[50]

Financial data[edit]

Consolidated Statement of Financial Position as at 31 December 2016: net income - RUB 51.8 billion. [51]

Major subsidiaries[edit]

Federation West Tower (in left), is VTB’s Head office in Moscow City, Moscow, Russia
VTB Bank is the owner of the Eurasia Tower in Moscow [52]

VTB's major subsidiaries as of April 2014 were:[a]

Company's name Share
VTB24 Bank 100%
Insurance company VTB Insurance 100%
VTB Capital 100%
VTB-Leasing 100%
Bank of Moscow 100%
Multicarta 100%
VTB Dolgovoi centre 100%
VTB Pension administrator 100%
VTB Factoring 100%
VTB Registrar 100%
Hals-Development 96.44%
VTB Arena 75.00%
VTB Real Estate 100%
VTB Bank (Austria) AG (incl. VTB Bank (Deutschland) AG, VTB Bank (France) SA) 100%
VTB Bank (Ukraine) 99,97%
VTB Bank (Armenia) 100%
VTB Bank (Georgia) 96.31%
VTB Bank (Belarus) 100%
VTB Bank (Kazakhstan) 100%
VTB Bank (Azerbaijan) 51 %
Banco VTB Africa, SA (Angola) 50.1%
National Post Bank (ex. Leto Bank) 50 %

Corporate social responsibility[edit]

The headquarters of VTB Armenia in Yerevan

VTB provides sponsorship and charity support to sports, culture, healthcare and targeted social aid.

Sports

VTB is the general sponsor of the following Russian sports teams: the KAMAZ –Master rally team since 2005; the Dynamo Moscow Football Club since 2009; the Dynamo Hockey Club since 2010; the men’s volleyball national team since 2003 and the National Gymnastics Federation since 2006. VTB also sponsors the Volleyball Federation of Russia. In 2008, it launched a joint project with the Russian Basketball Federation – the VTB United League basketball tournament.

Culture

VTB is a member of the Bolshoi Theater’s Board of Trustees. Since 2006, VTB has been the General Partner of the Mariinsky Theater. The bank also supports the Moscow-based Pyotr Fomenko Workshop Theater. Since 2002 VTB has been on the Tretyakov Gallery’s Board of Trustees and a participant in its many programmes. In 2004, the bank became a member of the ’s Board of Trustees. Since 2011, the bank has supported the ‘Russia-Culture’ TV channel.

Healthcare

VTB’s charity programme ‘World without Tears’ provides support to children’s healthcare centres.

Notes[edit]

  1. ^ As of February 12, 2018, the United States Department of Treasury's Office of Foreign Assests Control (OFAC) Sectoral Sanctions Identifications list for VTB and its subsidiaries includes the following:[53]
    • Bank VTB OAO 29, Bolshaya Morskaya str. Entity UKRAINE-EO13662 Non-SDN 100
    • Bank VTB, Open Joint-stock Company 29, Bolshaya Morskaya str. Entity UKRAINE-EO13662 Non-SDN 100
    • JSC VTB Bank 29, Bolshaya Morskaya str. Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank OAO 29, Bolshaya Morskaya str. Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank, OPEN JOINT-STOCK COMPANY 29, Bolshaya Morskaya str. Entity UKRAINE-EO13662 Non-SDN 100
    • Bank VTB 24 (Zakrytoe Aktsionernoe Obshchestvo) d. 35 ul. Myasnitskaya Entity UKRAINE-EO13662 Non-SDN 100
    • Bank VTB 24 Closed Joint Stock Company d. 35 ul. Myasnitskaya Entity UKRAINE-EO13662 Non-SDN 100
    • Bank VTB 24 Public Joint Stock Company d. 35 ul. Myasnitskaya Entity UKRAINE-EO13662 Non-SDN 100
    • Bank VTB 24 Publichnoe Aktsionernoe Obshchestvo d. 35 ul. Myasnitskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB 24 JSC d. 35 ul. Myasnitskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB 24 PAO d. 35 ul. Myasnitskaya Entity UKRAINE-EO13662 Non-SDN 100
    • PJSC VTB Bank (Kiev) 8/26, Shevchenka boulevard/Pushkinska street Entity UKRAINE-EO13662 Non-SDN 100
    • Public-Joint Stock Company VTB Bank (Ukraine) 8/26, Shevchenka boulevard/Pushkinska street Entity UKRAINE-EO13662 Non-SDN 100
    • Publichne Aktsionerne Tovarystvo VTB Bank 8/26, Shevchenka boulevard/Pushkinska street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank, PJSC 8/26, Shevchenka boulevard/Pushkinska street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank, PJSC (Ukraine) 8/26, Shevchenka boulevard/Pushkinska street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank, Public Joint Stock Company 8/26, Shevchenka boulevard/Pushkinska street Entity UKRAINE-EO13662 Non-SDN 100
    • CJSC VTB Bank (Belarus) 14, Moskovskaya Street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank (Belarus) 14, Moskovskaya Street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank (Belarus) Closed Joint Stock Company 14, Moskovskaya Street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank (Belarus), CJSC 14, Moskovskaya Street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank (Armenia) CJSC 46 Ul Nalbandyan Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank (Armenia), CJSC 46 Ul Nalbandyan Entity UKRAINE-EO13662 Non-SDN 100
    • Bank VTB (Kazakhstan), JSC 28 v Timiryazeva str. Entity UKRAINE-EO13662 Non-SDN 100
    • Joint Stock Company VTB Bank (Kazakhstan) 28 v Timiryazeva str. Entity UKRAINE-EO13662 Non-SDN 100
    • Subsidiary JSC Bank VTB (Kazakhstan) 28 v Timiryazeva str. Entity UKRAINE-EO13662 Non-SDN 100
    • Bank VTB (Azerbaijan) OJSC 38 Khatai ave. Nasimi district Entity UKRAINE-EO13662 Non-SDN 100
    • JSC VTB Bank (Azerbaijan) 38 Khatai ave. Nasimi district Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank (Azerbaijan), OJSC 38 Khatai ave. Nasimi district Entity UKRAINE-EO13662 Non-SDN 100
    • BANCO VTB Africa, S.A. 22, Rua da Missao Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Africa 22, Rua da Missao Entity UKRAINE-EO13662 Non-SDN 100
    • JSC VTB Bank (Georgia) 14, G. Chanturia Street Entity UKRAINE-EO13662 Non-SDN 100
    • JSC VTB Bank Georgia 14, G. Chanturia Street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank (Georgia), JSC 14, G. Chanturia Street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank (Austria) AG Parking 6, PO Box 560 Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Bank JSC Belgrade 2 Balkanska street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Banka AD Beograd 2 Balkanska street Entity UKRAINE-EO13662 Non-SDN 100
    • Holding VTB Capital, CJSC 12 Presnenskaya nab. Entity UKRAINE-EO13662 Non-SDN 100
    • KHolding VTB Kapital Zakrytoe Aktsionernoe Obshchestvo 12 Presnenskaya nab. Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Capital Holding CJSC 12 Presnenskaya nab. Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Capital Holding ZAO 12 Presnenskaya nab. Entity UKRAINE-EO13662 Non-SDN 100
    • Obshchestvo s Ogranichennoi Otvetstvennostyu VTB Pensionny Administrator d. 52 str. 1 nab.Kosmodamianskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Pension Administrator, Limited d. 52 str. 1 nab.Kosmodamianskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Pension Administrator, Ltd d. 52 str. 1 nab.Kosmodamianskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Pensionny Administrator, OOO d. 52 str. 1 nab.Kosmodamianskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB DC (Debt Center), Ltd Room 47, office XIV, 8 Brestskaya Street Entity UKRAINE-EO13662 Non-SDN 100
    • Insurance Company VTB-Insurance Limited str. 1 8 Chistoprudnyy bulvar Entity UKRAINE-EO13662 Non-SDN 100
    • Insurance Company VTB-Insurance, Ltd str. 1 8 Chistoprudnyy bulvar Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Insurance Limited str. 1 8 Chistoprudnyy bulvar Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Strakhovanie SK OOO str. 1 8 Chistoprudnyy bulvar Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Strakhovanie Strakhovaya Kompaniya OOO str. 1 8 Chistoprudnyy bulvar Entity UKRAINE-EO13662 Non-SDN 100
    • Obshchestvo s Ogranichennoi Otvetstvennostyu VTB Faktoring d. 52 str. 1 nab.Kosmodamianskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Factoring Limited d. 52 str. 1 nab.Kosmodamianskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Factoring, Ltd d. 52 str. 1 nab.Kosmodamianskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Faktoring, OOO d. 52 str. 1 nab.Kosmodamianskaya Entity UKRAINE-EO13662 Non-SDN 100
    • Aktsionernoe Obshchestvo Negosudarstvenny Pensionny Fond VTB Pensionny Fond d. 43 str. 1 ul. Vorontsovskaya Entity UKRAINE-EO13662 Non-SDN 100
    • Nekommercheskaya Organizatsiya Negosudarstvenny Pensionny Fond VTB Pensionny Fond d. 43 str. 1 ul. Vorontsovskaya Entity UKRAINE-EO13662 Non-SDN 100
    • Non-State Pension Fund VTB Pension Fund, JSC d. 43 str. 1 ul. Vorontsovskaya Entity UKRAINE-EO13662 Non-SDN 100
    • Nonprofit Organization Non-state Pension Fund VTB Pension Fund d. 43 str. 1 ul. Vorontsovskaya Entity UKRAINE-EO13662 Non-SDN 100
    • NPF VTB Pension Fund, JSC d. 43 str. 1 ul. Vorontsovskaya Entity UKRAINE-EO13662 Non-SDN 100
    • NPF VTB Pensionny Fond, AO d. 43 str. 1 ul. Vorontsovskaya Entity UKRAINE-EO13662 Non-SDN 100
    • Obshchestvo s Ogranichennoi Otvetstvennostyu VTB Nedvizhimost d.70 ul. Mosfilmovskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Nedvishimost, OOO d.70 ul. Mosfilmovskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Real Estate Limited Liability Company d.70 ul. Mosfilmovskaya Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Real Estate, LLC d.70 ul. Mosfilmovskaya Entity UKRAINE-EO13662 Non-SDN 100
    • CJS VTB Specialized Depository 35 Myasnitskaya Street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Specialized Depository, CJSC 35 Myasnitskaya Street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Registrar 23, Pravdy Street Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Registrar, CJSC 23, Pravdy Street Entity UKRAINE-EO13662 Non-SDN 100
    • JSC VTB Leasing 2nd Volkonskiy pereulok 10 Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Leasing Open Joint-stock Company 2nd Volkonskiy pereulok 10 Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Lizing, OAO 2nd Volkonskiy pereulok 10 Entity UKRAINE-EO13662 Non-SDN 100
    • VTB Lizing, Otkrytoe Aktsionernoe Obshchestvo 2nd Volkonskiy pereulok 10 Entity UKRAINE-EO13662 Non-SDN 100
    • VTB-Leasing, OJSC 2nd Volkonskiy pereulok 10 Entity UKRAINE-EO13662 Non-SDN 100

References[edit]

  1. ^ a b c "VTB IFRS Report March 2017" (PDF). VTB website. March 2, 2017. 
  2. ^ 4-traders. "Bank VTB PAO company : Shareholders, managers and business summary - MOSCOW INTERBANK CURRENCY EXCHANGE: VTBR - 4-Traders". 4-traders.com. 
  3. ^ "VTB IFRS report 12M 2015" (PDF). VTB website. 2015. 
  4. ^ "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017. 
  5. ^ FT Global 500 2011
  6. ^ FT Europe 500 2011
  7. ^ "VTB hosts Russia-Angola Business Forum". vtb.com. 
  8. ^ a b Swaine, Jon; Harding, Luke (November 5, 2017). "Guardian Paradise Papers: Russia funded Facebook and Twitter investments through Kushner investor, Institutions with close links to Kremlin financed stakes through investor in Trump son-in-law's venture, leaked files reveal". The Guardian. Manchester, England. Retrieved February 10, 2018. 
  9. ^ a b c d e f g h Drucker, Jesse (November 5, 2017). "Kremlin Cash Behind Billionaire's Twitter and Facebook Investments: Leaked files show that a state-controlled bank in Moscow helped to fuel Yuri Milner's ascent in Silicon Valley, where the Russia investigation has put tech companies under scrutiny". New York Times. Retrieved February 7, 2018. 
  10. ^ VTB ups stake in Bank of Moscow to 94.84%
  11. ^ "2012 VTB IFRS Report"
  12. ^ a b "VTB Completes New Offering That Reduces State Stake By 15%", The Moscow Times
  13. ^ Woodman, Spencer (November 5, 2017). "Russian Connections: Kremlin-owned Firms Linked to Major Investments in Twitter and Facebook, The Russian government quietly held a financial interest in U.S. social media". International Consortium of Investigative Journalists. Retrieved February 10, 2018. 
  14. ^ "Announcement of Additional Treasury Sanctions on Russian Financial Institutions and on a Defense Technology Entity". US Department of the Treasury. Retrieved February 10, 2018. 
  15. ^ "Sectoral Sanctions Identifications; Kingpin Act Designations; Iran Designations Update; Ukraine-related Designation". US Department of the Treasury. Retrieved February 10, 2018. 
  16. ^ "Executive Order - Blocking Property of Additional Persons Contributing to the Situation in Ukraine". The White House - Office of the Press Secretary. Retrieved February 10, 2018. 
  17. ^ a b c www.treasury.gov
  18. ^ Specially Designated Nationals List (SDN)
  19. ^ "Ukraine conflict: US and EU widen sanctions on Russia". BBC. July 30, 2014. Retrieved February 10, 2018. 
  20. ^ President of The United States (March 10, 2014). "Ukraine EO13660" (PDF). Federal Register. Retrieved February 10, 2018. 
  21. ^ President of The United States (March 19, 2014). "Ukraine EO13661" (PDF). Federal Register. Retrieved February 10, 2018. 
  22. ^ a b c President of The United States (March 24, 2014). "Ukraine EO13662" (PDF). Federal Register. Retrieved February 10, 2018. 
  23. ^ "Time for Trump to remove US sanctions against Russian banks – VTB head". RT. January 19, 2017. Retrieved February 10, 2018. 
  24. ^ "COUNCIL REGULATION (EU) No 833/2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine". THE COUNCIL OF THE EUROPEAN UNION. eur-lex.europa.eu. 2014-07-31. Retrieved 2018-02-10. 
  25. ^ a b "Почтовый банк начнет работу с 2016 года" [Post Bank will start work beginning 2016]. lenta.ru (in Russian). September 7, 2015. Retrieved February 12, 2018. 
  26. ^ a b "Treasury Sanctions Individuals and Entities for Sanctions Evasion and Other Activities Related to Russia and Ukraine: Underscores U.S. Commitment To Work With The EU To Maintain The Efficacy Of Existing Sanctions Until Russia Fully Complies With Its International Obligations With Respect To Ukraine". US Department of the Treasury. December 22, 2015. Retrieved February 10, 2018. 
  27. ^ a b "Russia/Ukraine-related Sanctions and Identifications: Specially Designated Nationals List Update". US Department of the Treasury. December 22, 2015. Retrieved February 10, 2018. 
  28. ^ "Executive Order - Blocking Property of Additional Persons Contributing to the Situation in Ukraine". The White House - Office of the Press Secretary. Retrieved February 10, 2018. 
  29. ^ www.treasury.gov
  30. ^ "В России создан «Почта Банк»: «Почта России» и ВТБ24 подписали пакет документов о создании «Почта Банка». В церемонии приняли участие генеральный директор «Почты России» Дмитрий Страшнов и президент – председатель правления ВТБ24 Михаил Задорнов" ["Post Bank" was created in Russia: "Post of Russia" and VTB24 signed a package of documents on the establishment of "Post Bank." The ceremony was attended by General Director of Post of Russia Dmitry Strashnov and President and Chairman of the Board of VTB24 Mikhail Zadornov.]. Post Bank website (in Russian). January 28, 2016. Retrieved February 12, 2018. 
  31. ^ "В России создан Почта Банк" [In Russia established Post Bank]. VTB24 website (in Russian). January 27, 2016. Retrieved February 12, 2018. 
  32. ^ "Banks: Company Overview of PJSC Post Bank". Bloomberg website. Retrieved February 12, 2018. 
  33. ^ "New Management Board of Otkritie FC Bank Elected". Okritie FC Bank website. December 22, 2017. Retrieved February 12, 2018. 
  34. ^ "Избран новый состав наблюдательного совета «Почта Банка»" [The new composition of the Supervisory Board "Bank of the Post" was elected]. Post Bank (Russia) website (in Russian). December 27, 2017. Retrieved February 12, 2018. 
  35. ^ "ВТБ и «Почта России» стали паритетными владельцами Почта-банка" [VTB and "Russia Post" became parity owners of Post Bank]. RNS.online (in Russian). December 29, 2017. Retrieved February 12, 2018. 
  36. ^ "VTB 24: About". VTB 24 website. 
  37. ^ "Banks: Company Overview of Bank VTB 24 Public Joint-Stock Company". Bloomberg. Retrieved February 12, 2018. 
  38. ^ "ВТБ завершил присоединение ВТБ24" [VTB completed the merger of VTB24]. VTB website (in Russian). January 8, 2018. Retrieved February 12, 2018. 
  39. ^ "Russian banks 'are not in crisis'", BBC News
  40. ^ "VTB buys GUTA bank for symbolic price - The Russia Journal". russiajournal.com. 
  41. ^ VTB becomes the sole owner of 100% stake in CJSC VTB Bank (Armenia)
  42. ^ Vneshtorgbank owns controlling interest in Promstroybank
  43. ^ "VTB — VTB became the main shareholder of BCEN-EUROBANK". vtb.fr. 
  44. ^ "VTB to Buy Out Foreign Banks for the Budget Account - Kommersant Moscow". kommersant.com. 
  45. ^ VTB in 2005
  46. ^ Sputnik. "Russian VTB buys bank from ex-senior official in Ukraine - paper". rian.ru. 
  47. ^ "vtb buys control slavneftebank 254 mln - Search results from HighBeam Business". business.highbeam.com. 
  48. ^ VTB holds a controlling interest in AF Bank, Azerbaijan
  49. ^ "VTB bank sale launches privatisation drive in Russia", The Telegraph
  50. ^ Cite error: The named reference VTBsupervisory2017-4-26 was invoked but never defined (see the help page).
  51. ^ "VTB Group announces IFRS results for the full year of 2016". 
  52. ^ "Group VTB has acquired a tower "Eurasia" in the business center "Moscow-city" - FreeNews.xyz". freenews.xyz. Archived from the original on 11 June 2016. 
  53. ^ "Office of Foreign Assests Control (OFAC): Sanctions List Search". Office of Foreign Assests Control (OFAC) website. Retrieved February 12, 2018. 

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