VTB Bank (open joint-stock company)

VTB Bank is a recognized leader of the Russian financial industry having gained a sustained competitive edge in all segments of the banking market. VTB offers its customers a wide range of banking products and services.
 
VTB Bank, also known as Vneshtorgbank was formed as Russia?s foreign trade bank under the laws of the Russian Federation on 17 October 1990. In 1998, following several
reorganisations, VTB was reorganised into an open joint stock company. In October 2006 the Group has changed its name from Vneshtorgbank to VTB. Simultaneously, the names of some of VTB?s subsidiaries were changed. In March 2007, the Bank for Foreign Trade was renamed into VTB Bank (Open Joint-Stock Company).
 
The Group operates predominantly in the commercial banking sector. This includes deposit taking and commercial lending in freely convertible currencies and in Russian Roubles, support of clients? export/import transactions, foreign exchange, securities trading, and trading in derivative financial instruments. The Group?s operations are conducted in both Russian and international markets.
 
The Group?s operations are not subject to seasonal fluctuations.
 
The Group conducts its banking business in Russia through 4 subsidiary banks with its network of 151 branches, including 58 branches of VTB, 39 branches of CJSC ?Bank VTB 24? and 54 branches of OJSC ?Industry & Construction Bank?, located in major Russian regions. The Group operates outside Russia through 11 bank subsidiaries, located in the Commonwealth of Independent States (CIS) (Armenia, Georgia,
Ukraine (2 banks), Europe (Austria, Cyprus, Switzerland, Germany, France and Great Britain), Africa (Angola) and through 4 representative offices located in India, Italy, China and Belarus.]]>