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Vtb Bank Group Essay

1450 words - 6 pages

VTB Bank (Russian: ОАО 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 VTB24, Bank of Moscow, and TransCreditBank.
Type | Public company |
Traded as | MCX: VTBR
LSE: VTBR |
Industry | Banking, Financial services |
Founded | 1990 |
Headquarters | Federation Tower West , 12, Presnenskaya emb., Moscow, Russia |
Area served | Russia, CIS, Europe, Asia, Africa, U.S. |
Key people | Andrey L. Kostin
(President and ...view middle of the document...

7 billion roubles ($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.

Some Financial Data
In 9 months 2012 VTB Group earned 60.2 billion roubles. The bank’s assets totalled 7 184.7 trillion roubles as of 30 September 2012, and its capital came to 672.2 billion roubles. VTB Bank employed 76 528 people as of 30 September 2012.
Mergers and acquisitions
VTB Bank took over 12 banks over the decade between 2002 and February 2012, including four in Russia, three in Europe and five in the CIS:
• Guta Bank (2004), later renamed VTB24 [7][8]
• Armsberbank in Armenia (2004), later renamed VTB Armenia [9]
• Promstroybank (2005), renamed Bank VTB North-West and later reorganised as VTB’s North-Western Regional Centre [10]
• Eurobank in France (2005), later renamed VTB France [11]
• 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[12]
• United Georgian Bank (2005), later renamed VTB Georgia [13]
• Mriya in Ukraine (2006), later merged with VTB Ukraine [14]
• Slavneftebank in Belarus (2007), later renamed VTB Belarus [15]
• AF Bank in Azerbaijan from AF Holding International (2008), later VTB Azerbaijan [16]
TransCreditBank
VTB bought a 43.18% stake in TransCreditBank (TCB) from RZD in December 2010.[17] In July–August 2011 VTB increased its stake in TCB to 74.48% following a second acquisition, and to 77.79% in February 2012.[18] VTB paid 46 billion roubles ($1.5 billion) for the asset, with a capital multiplier of 1.64. In September 2012, VTB bought more TCB stock from RZD, boosting its interest in the lender to 99.6%.[19]
Bank of Moscow
In February 2011, VTB Bank bought a 46.48% stake in Bank of Moscow which was owned by the Moscow government, as well as 25% plus one share of Capital Insurance Group, which owned 17.32% of Bank of Moscow, for a total purchase price of 103 billion rubles (over $3 billion).[20] In September 2012 VTB gained control over Bank of Moscow with more than 95.50 percent of the shares.[1]

Major subsidiaries
VTB's major subsidiaries as of 30 September 2012 were:[1]
Company's name | Share |
VTB24 Bank | 100% |
Insurance company VTB Insurance | 100% |
VTB-Development | 100% |
VTB Capital | 100% |
VTB-Leasing | 100% |
TransCreditBank | 99,6  |
Bank of Moscow | 95,52% |
Multicarta | 100% |
VTB Dolgovoi centre | 100% |
VTB Pension administrator | 100% |
VTB Factoring | 100% |
VTB Registrar | 100% |
Hals-Development | 51.24% |
VTB Arena | 75.00% |
VTB Real Eatate | 100% |
«Russian Commercial Bank (Cyprus) Ltd» | 60% |
VTB Bank (Austria) AG | 100% |
VTB Bank (Ukraine) | 99,97% |
VTB Bank (Armenia) | 100% |
VTB Bank (Georgia) | 96,31% |
VTB Bank (Belarus) |...

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