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VTB Bank


VTB BankVTB is a recognized leader of the national financial industry having gained a sustained competitive edge in all segments of the banking market. As of September 30, 2006 according to IFRS (consolidated), its shareholders equity totaled US$6.2 billion, enabling VTB to meet the Basle capital adequacy requirements with a safe margin. The assets of the Bank as of September 30, 2006 amounted up to US$49 billion.

Presently, the Government of the Russian Federation is the major shareholder of VTB, with its share accounting for 99.9%. Among other shareholders are "Gazexport", Sberbank, "Energomashexport", "Ingosstrah", Chamber of Commerce and Industry of the Russian Federation. VTB has further solidified its leadership in financing the Russian economy. As of September 30, 2006 VTB's loans outstanding to non-financial companies totaled US$27.6 billion. Among the main borrowers of the Bank are industrial enterprises and foreign trade companies.

Banking Forum

Headquarters:Moscow, Russia
Phone:8-800-200-77-99
Web:www.vtb.ru
Modified: 11.05.2007 | Inform about a mistake



Financial & Banking News


Financial & Banking News


Credit Suisse launches global credit business - 13.03.2008
Credit Suisse has combined its leveraged finance and investment grade businesses under a new group called the global credit business unit as part of its plan to align businesses across its global securities division.
Citigroup revamps mortgage business - 07.03.2008
Citigroup Inc. is cutting residential mortgage assets by $45bn and costs by $200m at the same time that Merrill Lynch discontinues origination at First Franklin, a sub-prime mortgage company the bank bought two years ago.
Ultra-rich Middle East investors target Russia - 06.03.2008
Russian hedge fund Pharos Financial claims it will raise more than $1bn from investors in the United Arab Emirates, Saudi Arabia and the other Gulf states.
Societe Generale fights back with internal "hackers" - 19.02.2008
Societe Generale is setting up an internal team of "hackers" to stress-test its information technology and risk management systems as part of a €50m bank-wide initiative to tighten its risk controls after falling victim to a trading scandal.
Mainland banks boost assets 20 percent - 14.02.2008
Mainland banks increased their overall assets by 20 percent last year with midsized joint-stock institutions leading the sector, according to China Banking Regulatory Commission data released yesterday.
Goldman bolsters MoneyGram bailout - 13.02.2008
Goldman Sachs is providing $500m in debt to troubled US payments company MoneyGram International as the investment bank raises the largest mezzanine fund to date and demand grows for this type of financing.


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