VTB Bank

{{Short description|Russian state-owned bank}} {{redirect|VTB}} {{for|the Soviet bank known as Vneshtorgbank|Foreign Trade Bank of the USSR}} {{Use dmy dates|date=January 2025}} {{Infobox company | name = PJSC VTB Bank | logo = VTB Logo 2018.svg | image = Башня Евразия (ВТБ) ночью (08.11.2024).jpg | native_name = ПАО Банк ВТБ | native_name_lang = ru | romanized_name = {{transliteration|ru|PAO Bank VTB}} | type = [[Open joint-stock company]] | traded_as = {{MCX|VTBR}} {{LSE|VTBR}} | area_served = Russia, [[Commonwealth of Independent States|CIS]], Europe, Asia, Africa, US | key_people = [[Andrey L. Kostin]] (President and Chairman of the Management Board) [[Anton Siluanov]] (Chairman of the Supervisory Council) | industry = [[Financial services]] | products = {{hlist| [[Retail banking]] | [[Commercial bank|corporate banking]]| [[investment banking]]| [[insurance]]| [[private banking]]| [[private equity]]| [[mortgage loans]]| [[credit cards]]| [[investment management]]| [[wealth management]] | [[asset management]] | [[mutual funds]]| [[exchange-traded funds]]| [[index funds]]}} | net_income = {{wikidata revenue|net_income|USD}}{{wikidata revenue|net_income|ref}} | net_income_year = {{wikidata revenue|net_income|year}} | assets = {{wikidata revenue|assets|USD}}{{wikidata revenue|assets|ref}} | assets_year = {{wikidata revenue|assets|year}} | equity = {{wikidata revenue|equity|USD}}{{wikidata revenue|equity|ref}} | equity_year = {{wikidata revenue|equity|year}} | owner = [[Federal Agency for State Property Management]] (60.9%)<ref>{{cite web|url=http://www.4-traders.com/BANK-VTB-PAO-6499155/company/|title=Bank VTB PAO company : Shareholders, managers and business summary - MOSCOW INTERBANK CURRENCY EXCHANGE: VTBR - 4-Traders|last=4-traders|publisher=4-traders.com}}</ref> | homepage = {{URL|vtb.com}} | foundation = {{Start date and age|1990|10}} | hq_location = [[Moscow]] | hq_location_city = | hq_location_country = Russia | rating = }}

'''VTB Bank''' ({{Langx|ru|Банк ВТБ}}; formerly known as {{Transliteration|ru|Vneshtorgbank}}, {{Lang|ru|Внешторгбанк}}, {{lit|International Trade Bank}}) is a Russian majority state-owned bank headquartered in various [[federal districts of Russia]];<ref name=":2">{{Cite web|title=General Information - VTB Bank (PJSC)|language=ru|url=https://www.vtb.com/o-banke/bank-vtb/rekvizity/|archive-url=https://web.archive.org/web/20190507000000/https://www.vtb.com/o-banke/bank-vtb/rekvizity/|url-status=dead|archive-date=7 May 2019|access-date=2022-02-18|website=VTB}}</ref><ref>{{Cite web|title=Реквизиты|url=https://www.vtb.ru/o-banke/bank-vtb/rekvizity/#tab_0#|access-date=2022-02-18|language=ru|website=VTB}}</ref> its legal address is registered as [[Saint Petersburg]].<ref name=":2" /> As of 2022, over 90% of the company's capital stock was owned by three Russian agencies.<ref name=":3">{{Cite web|title=Shareholder capital structure|language=ru|url=https://www.vtb.com/akcionery-i-investory/raskrytie-informacii/struktura-akcionernogo-kapitala/|archive-url=https://web.archive.org/web/20181207234922/https://www.vtb.com/akcionery-i-investory/raskrytie-informacii/struktura-akcionernogo-kapitala/|url-status=dead|archive-date=7 December 2018|access-date=2022-02-18|website=VTB}}</ref>

VTB Bank and its subsidiaries form VTB Group – a leading Russian financial group uniting VTB banks located in different countries and offering a wide range of corporate banking services and products in Russia, [[Commonwealth of Independent States|CIS]], Europe, Asia, Africa, and the US.<ref name=vtb1>{{Cite web|title=Структура группы ВТБ|url=https://www.vtb.ru/about/group/|access-date=2022-02-18|website=VTB}}</ref><ref>{{Cite web|date=2019|title=VTB Annual Report: VTB GROUP'S STRUCTURE|url=https://ar2019.vtb.com/pdf/ar/en/today_structure.pdf|archive-url=https://web.archive.org/web/20210515052221/https://ar2019.vtb.com/pdf/ar/en/today_structure.pdf|url-status=dead|archive-date=15 May 2021}}</ref><ref name=vtb2>{{Cite web|date=2019|title=VTB Group's structure – VTB Group Today – VTB Annual Report 2019|url=https://ar2019.vtb.com/today/structure|archive-url=https://web.archive.org/web/20200930093750/https://ar2019.vtb.com/today/structure|url-status=dead|archive-date=30 September 2020|access-date=2022-02-18|website=ar2019.vtb.com|language=en}}</ref> As of April 2025, VTB had a Chinese subsidiary which operated a branch in [[Shanghai]].<ref name="cn1">{{cite news|url=https://www.vtbbank.cn/|title=Archived copy|archive-date=6 May 2025|access-date=15 April 2025|archive-url=https://web.archive.org/web/20250506225819/https://www.vtbbank.cn/|url-status=dead}}</ref>

VTB was ranked 446th on the [[Financial Times Global 500|FT Global 500]] in 2011.<ref name=":0">{{Cite web|url=http://media.ft.com/cms/33558890-98d4-11e0-bd66-00144feab49a.pdf|title=FT Global 500 2011}}</ref> 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,<ref>{{Cite web|url=http://www.ft.com/intl/cms/32aafd58-98d4-11e0-bd66-00144feab49a.pdf|title=FT Europe 500 2011}}</ref> and to 127th in the FT Emerging 500 2014, the list of the 500 largest companies in the world's emerging markets. VTB Bank (PJSC) has 22 branches and 3 representative offices in 13 regions of Russia and 4 foreign countries.<ref>{{Cite web |title=Банк ВТБ (ПАО) |url=https://www.rusprofile.ru/id/76374 |access-date=2023-09-10 |website=Rusprofile |language=ru}}</ref>

==History== ===20th century=== [[File:VTB logo.gif|thumb|left|Old logo]]

VTB Bank was founded as Vneshtorgbank in 1990 with the support of the [[Central Bank of Russia]] and the [[Ministry of Finance (Russia)|Ministry of Finance]]. It was set up as a limited liability company to service Russia's foreign trade operations and promote Russia's integration into the [[world economy]].<ref>{{cite web|url=http://tadviser.com/index.php/Company:VTB_-_Vneshtorgbank#1990:_Creation_of_Vneshtorgbank |title=VTB Vneshtorgbank |publisher=TAdviser |access-date=15 April 2019}}</ref>

===21st century=== ====1st decade==== In 2004, the bank acquired a majority stake of 85.8% in Guta Bank, which was reorganised into a retail bank, Vneshtorgbank 24 (VTB24).<ref>{{cite web |url=https://www.neweurope.eu/article/vtb-pays-symbolic-usd-34000-guta-bank/ |title=VTB pays symbolic USD 34,000 for Guta Bank |date=25 July 2004 |work=New Europe |access-date=15 April 2019 |archive-date=22 April 2019 |archive-url=https://web.archive.org/web/20190422064908/https://www.neweurope.eu/article/vtb-pays-symbolic-usd-34000-guta-bank/ |url-status=dead }}</ref> The bank also acquired the Armenian Armsberbank, which was later renamed VTB Armenia.<ref>{{cite web|url=https://uk.reuters.com/article/armenia-election-investments/factbox-armenias-economy-idUKANT25492920080214 |archive-url=https://web.archive.org/web/20190422063409/https://uk.reuters.com/article/armenia-election-investments/factbox-armenias-economy-idUKANT25492920080214 |url-status=dead |archive-date=22 April 2019 |title=FACTBOX-Armenia's economy |date=15 February 2008 |publisher=[[Reuters]]|access-date=15 April 2019}}</ref> In 2005, the bank acquired 75% plus three shares of the [[Promstroybank (Russia)|Promstroybank]] (PSB), which was reorganised as Bank VTB North-West and later became VTB's North-Western Regional Centre,<ref>{{Cite web|url=https://www.rbc.ru/spb_sz/freenews/5592c2c19a79473b7f4bd441|title=В Промышленно-строительном банке назначены два новых заместителя председателя правления.|website=РБК|date=17 March 2006 }}</ref> and bought the Ukrainian bank Mriya, which was later merged with VTB Bank (Ukraine).{{citation needed|date=November 2020}}

In 2007, the bank set up a subsidiary in [[Angola]] known as VTB África.<ref>{{cite web |url=https://macauhub.com.mo/2007/02/26/2594/ |title=VTB África Bank starts operating in Angola in March |date=26 February 2007 |publisher=Macau Hub |access-date=16 April 2019 |archive-date=27 October 2021 |archive-url=https://web.archive.org/web/20211027180909/https://macauhub.com.mo/2007/02/26/2594/ |url-status=dead }}</ref> The bank also took over Slavneftebank in [[Belarus]] and later renamed it VTB Belarus.<ref>{{citation|url=|title=VTB buys control of Slavneftebank for $25.4 mln }}</ref> In June, VTB became 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.<ref>{{cite web|url=https://www.euromoney.com/article/b13222cnkc8y08/russia-vtb-puts-on-a-good-show-with-$8-billion-ipo |title=Russia: VTB puts on a good show with $8 billion IPO |date=4 June 2007 |first=Guy |last=Norton |work=[[Euromoney]] |access-date=16 April 2019}}</ref>

In 2008, the bank acquired a 51% stake in AF Bank in [[Azerbaijan]] from [[AF Holding International]], later renaming it VTB Azerbaijan.<ref>{{cite web|url=https://www.banki.ru/news/engnews/?id=750213 |title=VTB buys controlling interest in Azerbaijani AF-Bank |date=9 December 2008 |website=Banki.ru |access-date=16 April 2019}}</ref> In 2010, the bank's board approved the phased acquisition of TransCreditBank from [[Russian Railways]].<ref>{{Cite web |title=Russian Railways CEO Yakunin: Russian Railways prepared to sell VTB Bank controlling stake in Transcreditbank |url=https://www.banki.ru/news/engnews/?id=2287571 |access-date=2023-02-15 |website=Banki.ru |language=en}}</ref> In 2013, VTB carried out a [[secondary public offering]] (SPO) which raised 102.5 billion rubles ($3.3 billion) and diluted the Russian government's share in VTB from 75.5 percent to 60.9 percent.<ref name=SPO_MT_2013>{{cite web|url=http://www.themoscowtimes.com/business/article/vtb-completes-new-offering-that-reduces-state-stake-by-15/480424.html |title=VTB Completes New Offering That Reduces State Stake By 15% |date=24 May 2013 |work=[[The Moscow Times]] }}</ref> In 2022, VTB Bank extended a 630 billion ruble ($11.06 billion) credit line to be used for the purchase, repair and modernisation of the country's railway infrastructure.<ref>{{Cite web |title=Russian Railways secures 630 bln rouble credit line from VTB - bank CEO |url=https://finance.yahoo.com/news/russian-railways-secures-630-bln-065347560.html |access-date=2023-02-15 |website=Yahoo|date=16 June 2022 |language=en-US}}</ref>

====2nd decade==== In 2011, VTB invested more than $191 million for shares in the Isle of Man company DST Investment 3<ref name=Guardian2017-11-5>{{cite news | last1 = Swaine | first1 = Jon | last2 = Harding | first2 = Luke | title = 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 | url = https://www.theguardian.com/news/2017/nov/05/russia-funded-facebook-twitter-investments-kushner-investor | newspaper = [[The Guardian]] | location = Manchester, England | date = 5 November 2017 | access-date = 10 February 2018}}</ref> which was roughly than half of the funds in [[Yuri Milner]]'s [[DST Global]].<ref name="NYT2017-11-05">{{cite news|last=Drucker|first=Jesse|date=5 November 2017|title=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|newspaper=[[The New York Times]]|url=https://www.nytimes.com/2017/11/05/world/yuri-milner-facebook-twitter-russia.html|access-date=7 February 2018}}</ref> This led to Milner's large stake in Twitter.<ref name=NYT2017-11-05/><ref name=Guardian2017-11-5/> Kanton had almost no investment in Twitter.<ref name=NYT2017-11-05/> DST Investment 3 also issued shares to [[Alisher Usmanov]]'s Kanton that were used to support the Kremlin's investment in Facebook.<ref name=NYT2017-11-05/>

In November 2012, some bankers expressed concern about VTB's offer to raise capital for the [[Basel III]] requirements, which were addressed by selling $1 billion of perpetual Tier 1 bonds.<ref name="gc1">{{cite news |url=https://www.globalcapital.com/article/28mss1vykxr2fjga5yp35/fig/vtb-prices-1-25bn-t1-tap-soothes-worries-about-basel-iii |title=VTB prices $1.25bn T1 tap, soothes worries about Basel III |date=2 November 2012 }}</ref> As of April 2025, the $551 million worth of bonds have a call date of 6 June 2025.<ref name="cbonds1">{{cite news |url=https://cbonds.com/bonds/29977/ |title=International bonds: VTB Bank (PAO), 9.5% perp., USD (XS0810596832, VTB Eur) }}</ref>

On 7 May 2014, VTB transferred most of its DST Investment 3 to Kanton.<ref name=NYT2017-11-05/><ref name=ICIJ2017-11-5>{{cite news | last = Woodman | first = Spencer | title = 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 | url = https://www.icij.org/investigations/paradise-papers/kremlin-owned-firms-linked-major-twitter-facebook-investments-icij/ | work = International Consortium of Investigative Journalists | date = 5 November 2017 | access-date = 10 February 2018}}</ref>

In 2014, before the [[Russo-Ukrainian war]], VTB Bank was one of the biggest [[List of banks in Ukraine|banks in Ukraine]]. VTB Ukraine went bankrupt in 2018.<ref name=ep1>{{in lang|uk}} [https://www.epravda.com.ua/news/2018/11/27/643049/ Ukrainian "daughter" of Russian "VTB Bank" - bankrupt], [[Ukrayinska Pravda|Economical Pravda]] (27 November 2018)</ref>

Since 2014, the bank has been subject to political [[#Sanctions|sanctions]] (see separate section below).

In 2017, VTB stated that implementing Basel III capital requirements would cost it $233 million annually. At the time, the Russian central bank was "gradually adopting" Basel III for its domestic banking system.<ref name="rtrs1">{{cite news |title=Russia's VTB says Basel III to cost it 14 BLN roubles a year |work=Reuters |date=13 July 2017 |url=https://www.reuters.com/article/markets/russia-s-vtb-says-basel-iii-to-cost-it-14-bln-roubles-a-year-idUSL8N1K43YD/}}</ref>

In August 2018, it was announced that VTB Bank would acquire a 75% stake in [[Vozrozhdenie Bank]] after its previous owners oversaw a "major banking collapse".<ref>{{cite web|url=https://www.ft.com/content/0af7f5e8-9fcc-11e8-85da-eeb7a9ce36e4 |title=VTB to buy rival Russian bank Vozrozhdenie |date=14 August 2018 |first=Max |last=Seddon |work=[[Financial Times]] |access-date=16 April 2019}}</ref>

In September 2018, Kostin requested that the Russian central bank "revise" the Basel III capital requirements, which, by 2019, would amount to over $6 billion in regulatory expenses for his bank.<ref name="rtrs2">{{cite news |title=Russia's VTB asked c.bank, govt to revise Basel III requirements for banks-CEO |work=Reuters |date=6 September 2018 |url=https://www.reuters.com/article/markets/europe/russias-vtb-asked-cbank-govt-to-revise-basel-iii-requirements-for-banks-ceo-idUSR4N1VM02A/}}</ref>

In November 2018, the [[National Bank of Ukraine]] declared the Ukrainian subsidiary of VTB Bank insolvent due to its declining liquidity and worsening financial position.<ref>{{cite web|url=https://www.reuters.com/article/idUSL8N1Y25KL |title=Ukraine central bank declares Russian VTB subsidiary insolvent |date=27 November 2018 |publisher=[[Reuters]]}}</ref>

In December 2018, it was announced that VTB Bank would be acquiring controlling stakes in Sarovbusinessbank (81.1%) and Zapsibcombank (71.8%).<ref>{{cite web|url=https://finance.rambler.ru/markets/41487286-vtb-pokupaet-sarovbiznesbank-i-zapsibkombank/ |title=ВТБ покупает "Саровбизнесбанк" и "Запсибкомбанк" |language=ru |date=26 December 2018 |website=Rambler|access-date=16 April 2019}}</ref>

====3rd decade==== In March 2022, VTB, along with other Russian lenders, was delisted from the [[SWIFT]] transaction system, as punishment for the [[Russian invasion of Ukraine]].<ref name=fw1/>

In May 2022, soon after the [[Russian invasion of Ukraine]] and consequent blowback, Kostin looked forward to $52 billion in reduced costs if the Russian authorities relaxed the rules surrounding Basel III, but [[Nabiullina]] demurred, while she acknowledged that some banks may require a capital injection as a result.<ref name="br1">{{cite news |url=https://www.brecorder.com/news/40175814/vtb-says-russian-banks-could-get-52bn-boost-if-country-ditches-basel-rules |title=VTB says Russian banks could get $52bn boost if country ditches Basel rules |date=26 May 2022 }}</ref>

In March 2023, VTB detailed a $4.7 billion takeover of [[Otkritie Bank]]. At the time, VTB was Russia's second biggest bank. The [[Russian Central Bank]] in 2017 had bought the private lender to avoid its crash and was the alienator in this transaction. Otkritie was believed to have approximately 500 retail banking locations throughout Russia.<ref name="fw1">{{cite news |url=https://www.financierworldwide.com/vtbs-47bn-deal-for-otkritie-bank |title=VTB's $4.7bn deal for Otkritie Bank }}</ref>

In October 2024, Pyanov was forced to deny plans to repurchase shares from unfriendly non-residents, as this would have impacted VTB's Tier 1 capital ratio, which is required to be maintained under Basel III rules.<ref name="icom1">{{cite news |url=https://interfax.com/newsroom/top-stories/106473/ |title=VTB not planning share buyback from 'unfriendly' non-residents, as any buyback reduces capital - Pyanov }}</ref>

In early December 2024, VTB said that the savings rate of their private individual clients had reached an all-time low.<ref name="tmt1">{{cite news |url=https://www.themoscowtimes.com/2024/12/04/russians-cash-savings-reach-all-time-low-vtb-a87227 |title=Russians' Cash Savings Reach All-Time Low – VTB |date=4 December 2024 }}</ref>

In December 2024, VTB said it would hit a record profit of $5.5 billion for the year. Corporate lending was unaffected by the 21% prime rate because "loans to important sectors, such as the military-industrial complex, are still subsidised by the state, resulting in lower actual rates for some borrowers." The retail client was "taking advantage of short-term deposit interest rates reaching 26 per cent."<ref name="bs1">{{cite news |url=https://www.business-standard.com/world-news/russia-s-vtb-says-on-track-for-record-profit-of-5-5-billion-in-2024-124122600540_1.html}}</ref>

In January 2025, VTB announced that it would start up a branch in [[Iran]].<ref name="casp1">{{cite news |url=https://caspiannews.com/news-detail/russian-state-owned-vtb-bank-to-open-branch-in-iran-2025-1-24-0/ |title=Russian State-Owned VTB Bank to Open Branch in Iran }}</ref>

On 16 April 2025, VTB Bank announced it had absorbed [[RNKB]], which focuses its operations in [[Occupied Crimea]]. RNKB had 2 million clients at that date.<ref name="akm1">{{cite news |url=https://www.akm.ru/eng/news/vtb-shareholders-have-decided-to-reorganize-vtb-bank-by-joining-rnkb/ |title=VTB shareholders have decided to reorganize VTB Bank by joining RNKB }}</ref>

On 18 April 2025, owing to a change in strategy, VTB Bank called off its acquisition of [[Zvezda Shipbuilding Complex]] and said it would divest itself of [[United Shipbuilding Corporation]]. VTB would no longer be invested in reviving failed industrial concerns. Kostin cited guidance from the Russian Central Bank.<ref name="msn2">{{cite news |url=https://www.msn.com/en-us/money/companies/russian-state-vtb-bank-to-divest-non-core-assets/ar-AA1D8z9K}}</ref>

In September 2025, VTB Bank launched a secondary public offering (SPO) of 1.264 billion ordinary shares (24% of that share class) to raise $1.02 billion. This will reduce the Russian government's holding to 50% + 1 and place the remainder into free float.<ref>{{Cite news |last=Fabrichnaya |first=Elena |date=2025-09-19 |title=Russia's VTB bank to raise up to $1 billion in SPO |url=https://www.reuters.com/business/finance/russias-vtb-bank-raise-up-1-billion-spo-2025-09-19/ |access-date=2025-09-26 |work=Reuters |language=en}}</ref>

==Mergers and acquisitions== VTB Bank took over 15 banks between 2002 and February 2019: * Guta Bank (2004), later renamed VTB24 * [[Bank of Moscow]] * TransCreditBank * Armsberbank in [[Armenia]] (2004), later renamed VTB Armenia<ref>{{cite web|url=http://new.vtb.com/we/press-center/releases/21813/|title=VTB becomes the sole owner of 100% stake in CJSC VTB Bank (Armenia)}}{{Dead link|date=July 2025 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> * [[Promstroybank (Russia)|Promstroybank]] (2005), renamed Bank VTB North-West and later reorganised as VTB's North-Western Regional Centre<ref>{{cite web|url=http://new.vtb.com/we/press-center/releases/21595/|title=Vneshtorgbank owns controlling interest in Promstroybank}}{{Dead link|date=July 2025 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> * [[Banque Commerciale pour l'Europe du Nord – Eurobank|Eurobank]] in Paris, France (2005), later renamed VTB France<ref>{{cite web|url=http://en.vtb.fr/about/news/index.php?ELEMENT_ID=51365|title=VTB – VTB became the main shareholder of BCEN-EUROBANK|publisher=VTB|access-date=22 October 2012|archive-date=16 March 2013|archive-url=https://web.archive.org/web/20130316044448/http://en.vtb.fr/about/news/index.php?ELEMENT_ID=51365|url-status=dead}}</ref> * [[Evrofinance Mosnarbank]] in London, [[Great Britain]] (2005), based on the former [[Moscow Narodny Bank]], later renamed VTB Europe Plc then VTB Capital Plc * [[Ost-West Handelsbank]] AG in Germany (2005), later renamed VTB Germany<ref>{{cite web|url=http://www.kommersant.com/page.asp?id=606924|title=VTB to Buy Out Foreign Banks for the Budget Account|publisher=[[Kommersant]]|access-date=22 October 2012|archive-date=4 March 2016|archive-url=https://web.archive.org/web/20160304084750/http://www.kommersant.com/page.asp?id=606924|url-status=dead}}</ref> * [[United Georgian Bank]] (2005), later renamed VTB Georgia<ref>{{cite web|url=https://en.vtb.ge/about/history/2005/index.php?register=yes&ssl=|title=VTB in 2005|access-date=22 October 2012|archive-date=8 March 2016|archive-url=https://web.archive.org/web/20160308224209/http://en.vtb.ge/about/history/2005/index.php?register=yes&ssl=|url-status=dead}}</ref> * Mriya in [[Ukraine]] (2006), later merged with VTB Ukraine{{citation needed|date=March 2023}} * Slavneftebank in [[Belarus]] (2007), later renamed VTB Belarus<ref>{{citation|url=|title=vtb buys control slavneftebank 254 mln}}</ref> * AF Bank in Azerbaijan from [[AF Holding International]] (2008), later VTB Azerbaijan<ref>{{cite web|url=http://new.vtb.com/we/press-center/releases/21922/|title=VTB holds a controlling interest in AF Bank, Azerbaijan}}{{Dead link|date=July 2025 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> * [[Post Bank (Russia)]] (2018)<ref name="ifax2">{{cite news |url=https://interfax.com/newsroom/top-stories/108123/ |title=VTB receives Central Bank and Federal Antimonopoly Service's permission to acquire Russian Post's stake in Pochta Bank }}</ref> * [[Vozrozhdenie Bank|Vozrozhdenie]] (2018) * Zapsibkombank (2018) * SarovBusinessBank (2018).

===VTB24, Russian Post and Post Bank=== [[File:Инкассация.JPG|thumb|Transfer of cash from a VTB Bank branch]]

On 24 July 2015, an agreement, approved by [[Dmitry Medvedev]], was signed between the bank president, director of [[Russian Post]], Dmitry Strashnov, and Minister of [[Federal Agency on Press and Mass Communications of the Russian Federation|Communications and Mass Media]], [[Nikolay Nikiforov|Nikolai Nikiforov]], on the Russian Post purchase of 50 percent minus 1 share of Leto Bank (Summer Bank) from VTB24, to reorganise it into the [[Post Bank (Russia)|National Post Bank]]. VTB24, a subsidiary of VTB Bank, will own the remaining 50 percent plus one share. VTB CEO Kostin suggested appointing Dmitry Rudenko, the current head of Leto Bank, as the head of Post Bank (Russia).

On 28 January 2016, sets of documents were signed between VTB24 and Russian Post on establishing the Post Bank. Russian Post purchased 50 percent minus one share of the newly established Post Bank through its 100 percent subsidiary. VTB24, a subsidiary of VTB Bank, owns the remaining 50 percent plus one share. Dmitry Rudenko, the head of Leto Bank of VTB24, became the head of Post Bank (Russia).<ref>{{cite news | title = 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| url = https://www.pochtabank.ru/news/272362 | work = Post Bank website | language = ru | trans-title = "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| date = 28 January 2016 | access-date = 12 February 2018}}</ref><ref>{{cite news | title = В России создан Почта Банк | url = https://www.vtb24.ru/news/details/#41066 | work = VTB24 | language = ru | trans-title = In Russia established Post Bank | date = 27 January 2016 | access-date = 12 February 2018 | archive-date = 30 March 2017 | archive-url = https://web.archive.org/web/20170330134649/https://www.vtb24.ru/news/details/#41066 | url-status = dead }}</ref><ref>{{cite web | title = Banks: Company Overview of PJSC Post Bank | url = https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=302910503 | work = [[Bloomberg L.P.|Bloomberg]] | date = | access-date = 12 February 2018}}</ref>

On 28 December 2017, VTB24 sold two shares to Dmitry Rudenko, the chairman of the Board of Post Bank. VTB 24 and Russia Post have equal shares in Post Bank, with each holding 50 percent minus one share.<ref>{{cite news | title = ВТБ и "Почта России" стали паритетными владельцами Почта-банка | url = https://rns.online/finance/VTB-i-Pochta-Rossii-stali-paritetnimi-vladeltsami-Pochta-banka-2017-12-29/ | work = RNS.online | language = Russian | trans-title = VTB and "Russia Post" became parity owners of Post Bank | date = 29 December 2017 | access-date = 12 February 2018 | archive-date = 16 November 2018 | archive-url = https://web.archive.org/web/20181116173729/https://rns.online/finance/VTB-i-Pochta-Rossii-stali-paritetnimi-vladeltsami-Pochta-banka-2017-12-29/ | url-status = dead }}</ref> VTB24 has 1,062 branches.<ref>{{cite web | title = VTB 24: About | url = https://www.vtb24.ru/about | work = VTB 24 website | access-date = 15 February 2018 | archive-date = 5 July 2017 | archive-url = https://web.archive.org/web/20170705192939/https://www.vtb24.ru/about/ | url-status = dead }}</ref>

On 1 January 2018, VTB acquired VTB24. The integrated network has 1,350 branches.<ref>{{cite news | title = Banks: Company Overview of Bank VTB 24 Public Joint-Stock Company | url = https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22746678 | work = Bloomberg | date = | access-date = 12 February 2018}}</ref><ref>{{cite news | title = ВТБ завершил присоединение ВТБ24 | url = https://www.vtb24.ru/news/details/#48260 | work = VTB website | language = Russian | trans-title = VTB completed the merger of VTB24 | date = 8 January 2018 | access-date = 12 February 2018 | archive-date = 30 March 2017 | archive-url = https://web.archive.org/web/20170330134649/https://www.vtb24.ru/news/details/#48260 | url-status = dead }}</ref>

==Sanctions== {{See also|Russian financial crisis (2014–2016)}} On 29 July 2014, the [[Office of Foreign Assets Control]] (OFAC) published that the Bank of Moscow and VTB Bank [[Open joint-stock company|OJSC]], the second-largest bank in Russia, had been added to the [[Office of Foreign Assets Control#Sectoral Sanctions Identifications|Sectoral Sanctions Identifications List]].

On 31 July 2014, VTB Bank and its subsidiaries was added to the [[List of individuals sanctioned during the Ukrainian crisis|European Union sanctions list]] due to its role in the [[annexation of Crimea by the Russian Federation]] that same year<ref name=2014EU833>{{cite web|url=https://eur-lex.europa.eu/eli/reg/2014/833/oj|title=COUNCIL REGULATION (EU) No 833/2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine |work=[[Council of the European Union]] |date=2014-07-31 |publisher= |access-date=2018-02-10}}</ref> and the United Kingdom list from 1 August.<ref>{{cite web |title=CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK |url=https://assets.publishing.service.gov.uk/media/624d9921d3bf7f6010c0ecd1/InvBan.pdf |date=6 April 2022}}</ref>

On 6 August 2014, VTB was added to the [[List of individuals sanctioned during the Ukrainian crisis|Canadian sanctions list]] due to its role in the [[Russo-Ukrainian War]] and the downing of [[Malaysia Airlines Flight 17]].<ref name=CA140806>{{cite web |url=https://gazette.gc.ca/rp-pr/p2/2014/2014-08-27/html/sor-dors195-eng.html |title=Sanctions List SOR/2014-195 |publisher=[[Canada Gazette]] |date=2014-08-06 |accessdate=2018-03-07}}</ref>

On 13 August 2014, the United States clarified the entities subject to sectoral sanctions. The United States increased its sectoral sanctions on VTB Bank, together with its subsidiaries ("the VTB Group") and the Bank of Moscow, through its parent bank, VTB Bank OAO, and other entities that VTB has a 50 percent or greater ownership stake in, either individually or in the aggregate, either directly or indirectly. Also, US persons cannot use a third-party intermediary, and they must use caution during "transactions with a non-blocked entity in which one or more blocked persons has a significant ownership interest that is less than 50 percent or which one or more blocked persons may control by means other than a majority ownership interest".<ref name=US140813>{{cite web | title = Revised Guidance on Entities Owned by Persons Whose Property and Interests in Property Are Blocked | url = https://www.treasury.gov/resource-center/sanctions/Documents/licensing_guidance.pdf | publisher = United States Department of Treasury | date = 13 August 2014 | access-date = 22 March 2018}}</ref>

On 1 September 2014, VTB was added to the [[List of individuals sanctioned during the Ukrainian crisis|Australian autonomous sanctions list]] for Russia, Crimea, and Sevastopol.<ref name=Australia140901>{{cite web | title = Sanctions Regime: Russia | url = https://dfat.gov.au/international-relations/security/sanctions/sanctions-regimes/Pages/russia.aspx | publisher = Australian Government Department of Foreign Affairs and Trade | date = 1 September 2014 | access-date = 21 March 2018}}</ref><ref name=Australia2014List>{{cite web | title = Australia and sanctions: Autonomous Sanctions (Russia, Crimea and Sevastopol) Specification 2014 | url = https://dfat.gov.au/international-relations/security/sanctions/Pages/autonomous-sanctions-russia-crimea-and-sevastopol-specification-2014.aspx | publisher = Australian Government Department of Foreign Affairs and Trade | date = 1 September 2014 | access-date = 21 March 2018}}</ref><ref name=AustraliaAboutSanctions>{{cite web | title = Australia and sanctions: About sanctions | url = https://dfat.gov.au/international-relations/security/sanctions/Pages/about-sanctions.aspx | publisher = Australian Government Department of Foreign Affairs and Trade | access-date = 21 March 2018}}</ref>

On 12 September 2014, the United States issued a consolidated listing of directives associated with Executive Order 13662 sanctions during the [[Russo-Ukrainian war]]. For the Russian financial sector, Directive 1 was amended to increase the financial sanctions on the Russian financial sector for "all transactions in, provision of financing for, and other dealings" in new equity or new debt issued on or after 12 September 2014 to ''longer than 30 days maturity''. New equity or new debt issued from 29 July 2018 until 12 September 2018 was sanctioned if ''longer than 90 days maturity''.<ref name="OFACfaqEO13662CAATSA">{{cite web|url=https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_other.aspx#ukraine|title=Ukraine-/Russia-related Sanctions: Sectoral Sanctions under Executive Order 13662, CAATSA|publisher=OFAC|access-date=24 March 2018|number=EO 13662: 370-5, 550, 391-6, 404-21, 536-8, 453-4; CAATSA: 539-46, 552}}</ref><ref name=US140912>{{cite web | title = Ukraine-related Sanctions | url = https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20140912.aspx | publisher = United States Department of Treasury | date = 12 September 2014 | access-date = 22 March 2018}}</ref><ref name=EO13662directives>{{cite web | title = Ukraine-/Russia-related Sanctions; Sectoral Sanctions Identifications (SSI) List: EO 13662 Directives | url = https://www.treasury.gov/resource-center/sanctions/Programs/Pages/ukraine.aspx#directives | publisher = United States Department of Treasury | access-date = 24 March 2018}}</ref><ref name=EO13662DirectiveOne140912>{{cite web | title = Directive 1 (as amended) under Executive Order 13662 | url = https://www.treasury.gov/resource-center/sanctions/Programs/Documents/eo13662_directive1.pdf | publisher = OFAC | date = 12 September 2014 | access-date = 24 March 2018}}</ref>

In 2015, the banks' chief Executive [[Andrey Kostin|Andrei Kostin]] predicted loses for the bank in the years to come because of the plunging ruble accelerated by [[International sanctions during the Russo-Ukrainian War|international sanctions]].<ref>{{Cite news|last=White|first=Alexander Kolyandr and Gregory L.|date=2015-01-22|title=Russia's VTB Hurt by Sanctions, Interest Rates|language=en-US|work=Wall Street Journal|url=https://online.wsj.com/articles/russias-vtb-hurt-by-sanctions-interest-rates-1421933722|access-date=2022-02-18|issn=0099-9660}}</ref>

On 15 March 2017, Ukraine imposed sanctions against VTB Bank and subsidiaries because of the ongoing Russian interference in Ukraine.<ref name=63Ukraine2017>{{cite news | last = Пороше́нко | first = Петро́ Олексі́йович | author-link = Petro Poroshenko | title = УКАЗ ПРЕЗИДЕНТА УКРАЇНИ №63/2017: Про рішення Ради національної безпеки і оборони України від 15 березня 2017 року "Про застосування персональних спеціальних економічних та інших обмежувальних заходів (санкцій)" | url = http://www.president.gov.ua/documents/632017-21474 | work = President of Ukraine website | language = Ukrainian | trans-title = DECREE OF THE PRESIDENT OF UKRAINE No. 63/2017: On the decision of the Council of National Security and Defense of Ukraine dated March 15, 2017 "On the Application of Personal Special Economic and Other Restrictive Measures (Sanctions)" | date = 15 March 2017 | access-date = 28 February 2018}}</ref><ref name=March16Ukraine2017sanctionsBanks>{{cite web | last = Пороше́нко | first = Петро́ Олексі́йович | author-link = Petro Poroshenko | title = Глава держави затвердив санкції щодо низки російських банків | url = http://www.president.gov.ua/news/glava-derzhavi-zatverdiv-sankciyi-shodo-nizki-rosijskih-bank-40418 | work = President of Ukraine website | language = Ukrainian | trans-title = The head of state has approved sanctions against a number of Russian banks | date = 16 March 2017 | access-date = 28 February 2018}}</ref>

On 28 November 2017, the United States increased the sanctions imposed by Executive Order 13662 on the Russian financial sector. For the Russian financial sector, Directive 1 was amended to increase the financial sanctions on the Russian financial sector for "all transactions in, provision of financing for, and other dealings" in new equity or new debt issued on or after 28 November 2017 to ''longer than 14 days maturity''. New equity or new debt issued from 12 September 2014 until 28 November 2017 was sanctioned if ''longer than 30 days maturity''.<ref name=EO13662DirectiveOne170929>{{cite web | title = Directive 1 (as amended) under Executive Order 13662 | url = https://www.treasury.gov/resource-center/sanctions/Programs/Documents/eo13662_directive1_20170929.pdf | publisher = OFAC | date = 29 September 2017 | access-date = 24 March 2018}}</ref>

On 27 November 2018, the [[National Bank of Ukraine]] declared the Ukrainian subsidiary of VTB Bank insolvent due to its declining liquidity and worsening financial position.<ref>[https://www.reuters.com/article/idUSL8N1Y25KL Ukraine central bank declares Russian VTB subsidiary insolvent], [[Reuters]] (27 November 2018)</ref>

On 25 June 2020 [[European Court of Justice]] rejected VTB and Sberbank bank's 2014 lawsuit against EU sectoral sanctions citing that regulators were within their aims of "''imposing a cost on the Russian government''" because of the latter's actions in Ukraine.<ref name=":1">{{Cite web|title=European court rejects VTB's challenge to the EU's sectoral sanctions on Russia |url=https://www.brickcourt.co.uk/news/detail/european-court-rejects-vtbs-challenge-to-the-eus-sectoral-sanctions-on-russia|access-date=2022-02-18|website=Brick Court Chambers|language=en}}</ref><ref>{{Cite web|last=|first=|date=2014-10-28|title=Russian banks challenge EU sanctions|url=https://www.gtreview.com/news/europe/russian-banks-challenge-eu-sanctions/|access-date=2022-02-18|website=Global Trade Review|language=en}}</ref><ref>{{Cite web|title=Суд ЕС отклонил апелляцию ВТБ против санкций|url=https://www.vedomosti.ru/finance/news/2020/06/25/833372-sud-es-otklonil-apellyatsiyu-vtb|access-date=2022-02-18|website=[[Vedomosti]]|language=ru}}</ref><ref>{{Cite web|title=CURIA - Documents|url=https://curia.europa.eu/juris/document/document.jsf?text=&docid=227736&pageIndex=0&doclang=en&mode=lst&dir=&occ=first&part=1&cid=6739836&fbclid=IwAR338oag4XlFbULVAR_6xjZ5puSalTDmlVWLpJbZ8z_INb5sRSAEpx5RnnA|access-date=2022-02-18|website=InfoCuria}}</ref>{{Rp|location=46}} The court specified that ambiguity in some language versions of the regulation (that the bank argued were wrongly applied) doesn't prevent the court interpreting that section in a way best suited to the general purpose of the legislation, and precedent.<ref name=":1" />

In February 2022, amid the [[2021–2022 Russo-Ukrainian crisis|Russo–Ukrainian crisis]], US and EU officials were reportedly finalizing an extensive package of sanctions on VTB bank and other related Russian entities.<ref>{{Cite news|last=Shalal|first=Andrea|date=2022-02-11|title=SWIFT off Russia sanctions list, state banks likely target -U.S., EU officials|language=en|work=Reuters|url=https://www.reuters.com/world/europe/swift-off-russia-sanctions-list-state-banks-likely-target-us-eu-officials-2022-02-11/|access-date=2022-02-18}}</ref> On 24 February, after Russia launched a [[2022 Russian invasion of Ukraine|full-scale invasion]] of Ukraine, US president [[Joe Biden]] and British prime minister [[Boris Johnson]] announced new sanctions against VTB bank and its directors, along with other Russian individuals and companies.<ref>{{cite web |url=https://www.reuters.com/markets/europe/how-western-sanctions-will-target-russia-2022-02-24/|title=Explainer: How Western sanctions target Russia|website=Reuters|date=25 February 2022}}</ref>

==Corporate affairs== ===Shareholders=== 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 [[Assicurazioni Generali|Generali]], [[TPG Capital]], [[China Investment Corporation|China Investment Corp]], a [[sovereign wealth fund]] responsible for managing China's [[foreign exchange reserves]], and companies affiliated with businessman [[Suleyman Kerimov]].<ref>[https://web.archive.org/web/20110301172142/http://www.telegraph.co.uk/sponsored/russianow/business/8345564/VTB-bank-sale-launches-privatisation-drive-in-Russia.html "VTB bank sale launches privatisation drive in Russia"], ''The Telegraph''</ref>

In May 2013, VTB completed a secondary public offering (SPO), issuing 2.5 trillion new shares through a public subscription. All shares were placed on [[Moscow Exchange|Moscow's primary stock exchange]]. The government did not participate in the SPO, so its stake in the bank decreased to 60.9% after the subscription closed. The bank 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 shares issued.<ref name=SPO_MT_2013/>

In 2017, the main shareholder of VTB was the [[Government of Russia|Russian government]],<ref name="NYT2017-11-05" /> which owned 60.9% of the lender through its [[Federal Agency for State Property Management]]. The remaining shares were split between holders of its [[Global depository receipt|Global Depository Receipts]] and minority shareholders, both individuals and companies.

====2020 and onward==== As of February 2022, the bank reported that its stock shares were distributed in the following way:<ref name=":3" /> * 12.13% of (capital) shares – [[Federal Agency for State Property Management|Federal Agency for State Property Management (Russia)]] * 32.88% of (capital) shares – [[Ministry of Finance (Russia)]] * 47.22% of (capital) shares – [[Deposit Insurance Agency of Russia]]

===Executive management=== As of April 2022, its Management Committee (referred to as VTB Bank Management Board or VTB MB) includes: * [[Andrey Kostin]] – Chief executive of the Bank (since 10 June 2002), President and Chairman of VTB Bank Management Board, Member of the Supervisory Council, * Andrey Puchkov (First Deputy President and Chairman of VTB MB) * Denis Alexandrovich Bortnikov (Deputy President and Chairman of VTB MB), son of [[Alexander Bortnikov]], director of the [[Federal Security Service]] * Olga Dergunova (Deputy President and Chairman of VTB MB) * Valery Lukyanenko (Deputy President and Chairman of VTB MB) * Anatoly Pechatnikov (Deputy President and Chairman of VTB MB) * Maxim Kondratenko (Member of VTB MB) * Erkin Norov (Member of VTB MB) * Dmitriy Pianov (Member of VTB MB)

===Supervisory council=== {{As of|April 2022}}, VTB's Supervisory Council consists of [[Anton Siluanov]] (Chairman of the Supervisory Council), Matthias Warnig (member of the Supervisory Council),[8] Sergey Dubinin (member of supervisory council), [[Mikhail Mikhailovich Zadornov|Mikhail Zadornov]] (Member of Supervisory Council), [[Andrey Kostin]] (President and Chairman of VTB Bank Management Board), Shahmar Movsumov (Independent member of supervisory council), Igor Repin (Independent member of Supervisory Council), Alexander Sokolov (Member of Supervisory Council), Vladimir Chistyukhin (member of supervisory council), [[Mikhail Eskindarov|Mukhadin Eskindarov]] (Member of Supervisory Council).<ref name=VTBSupervisoryCouncil>{{cite web | title = Supervisory council | url = https://www.vtb.com/o-banke/bank-vtb/nablyudatelnyj-sovet/ | publisher = VTB | access-date = 14 February 2019 | archive-date = 14 February 2019 | archive-url = https://web.archive.org/web/20190214174824/https://www.vtb.com/o-banke/bank-vtb/nablyudatelnyj-sovet/ | url-status = dead }}</ref>

==Financial data== {{Update section|date=January 2025}} Consolidated Statement of Financial Position as at 31 December 2021: net interest income – 646,3 RUB billion, net fee and commission income – 90,0 RUB billion, operating income before provisions – 822,7 RUB billion, staff costs and administrative expenses – -308,8 RUB billion, net profit – 327,4 RUB billion.<ref>{{Cite web | title = Раскрытие финансовых результатов по МСФО | url = https://www.vtb.ru/ir/statements/results/ | access-date = 2022-04-19 | language = ru | website = VTB}}</ref>

The 2022 results showed a loss of 612.6 billion rubles ($7.7 billion), primarily due to the impact of sanctions.<ref>{{cite web |title=Major Russian Bank VTB Reports $7.7 Billion Loss Due To Sanctions |work=Radio Free Europe/Radio Liberty |url=https://www.rferl.org/a/russia-vtb-bank-7-7-billion-loss-ukraine-sanctions/32350445.html |date=5 April 2023}}</ref>

==Major subsidiaries== Previously 100% owned [[VTB Capital]] (New-York, US etc.) was sold in September 2018<ref>{{Cite web|last= |first=|title=ВТБ продал свою "дочку" в США ее руководству |url=https://www.dw.com/ru/%D0%B2%D1%82%D0%B1-%D0%BF%D1%80%D0%BE%D0%B4%D0%B0%D0%BB-%D1%81%D0%B2%D0%BE%D1%8E-%D0%B4%D0%BE%D1%87%D0%BA%D1%83-%D0%B2-%D1%81%D1%88%D0%B0-%D0%B5%D0%B5-%D1%80%D1%83%D0%BA%D0%BE%D0%B2%D0%BE%D0%B4%D1%81%D1%82%D0%B2%D1%83/a-45337428|access-date=2022-02-18|website=Deutsche Welle|language=ru}}</ref>

VTB's major subsidiaries as of April 2022 were:

{| class="wikitable" |- !Company!!Share!! Notes |- | Insurance company VTB Insurance || 100% || |- | VTB-Leasing|| 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% || Inactive<ref>{{Cite web|url=https://www.opensanctions.org/statements/NK-cUBxtPmqVPuzKp44XLyqXL/?prop=status|title=Raw data: VTB BANK (AUSTRIA) AG|date=18 November 2023|website=OpenSanctions.org}}</ref> |- | VTB Bank (Armenia) || 100% || |- | 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% minus 1 || |- |[[Velobike]] (bike rental service) || 100% || |- |VTB Specialized Depository, CJSC || 100% || |} {| class="wikitable collapsible collapsed" width="67%" |- ! As of 12 February 2018, the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) Sectoral Sanctions Identifications list for VTB and its subsidiaries<ref name=SanctionsListSearch>{{cite web | title = Office of Foreign Assets Control (OFAC): Sanctions List Search | url = https://sanctionssearch.ofac.treas.gov/ | work = Office of Foreign Assets Control (OFAC) website | access-date = 12 February 2018}}</ref> |- | * 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. 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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 |}

=={{Anchor|Corporate social responsibility}}Sports sponsorships== [[File:VTB Bank Armenia, Yerevan, 16.07.2017 (1).jpg|thumb|The headquarters of VTB Armenia in [[Yerevan]]]]

VTB is one of the sponsors of all [[Dinamo Moscow]] sport clubs.<ref>{{Cite news | title = ВТБ отдал пакет акций футбольного клуба "Динамо" после санкций | url = https://sportrbc.ru/news/6217cc639a794749b2c952ea | language = ru | website = [[RBK Group|RBC]]| date = 2022-02-24 }}</ref>

Since 2017, VTB Bank has been the title partner of the Russian [[Formula 1]] stage in Sochi – Formula 1 VTB Russian Grand Prix.

Since 2016, VTB has been the name of the tennis tournament [[Kremlin Cup|VTB Kremlin Cup]].

VTB has also been the title sponsor of the [[VTB United League]] since 2008. Since 2005, VTB Bank has been the general sponsor of the [[Kamaz Master]] team, a team which has been active in renowned [[rally raid]] such as [[Dakar Rally]], [[Silk Way Rally]] and [[Africa Eco Race]].<ref>{{cite web | url=https://vtbrussia.ru/sport/auto/ | title=КАМАЗ-Мастер: ралли Париж-Дакар, Шелковый путь - новости раллийной команды КАМАЗ-Мастер на официальном сайте ВТБ России }}</ref>

Since 2013, VTB Group has been supporting the [[Velobike]], a [[bicycle-sharing system]] in [[Moscow]], a project by the Department for Transport and Development of Road Infrastructure of the city. In 2018, the number of trips exceeded 3 million.

==See also== {{Portal|Banks|Companies}} * [[Timeline of Russian interference in the 2016 United States elections]] * [[Timeline of investigations into Trump and Russia (July–December 2017)]] * [[East-West United Bank]]

==References== {{reflist}}

==External links== {{commons category-inline}} * {{Official website|https://www.vtb.com}} VTB corporate site * [https://www.vtb.ru Russian website] * [https://www.vtb.am VTB Armenia] * [https://www.geofit-travel.com/ru/index.php?newsid=605 List of Georgian Banks]

{{DEFAULTSORT:Vtb Bank}} [[Category:Companies based in Moscow]] [[Category:Companies listed on the Moscow Exchange]] [[Category:Companies in the MOEX]] [[Category:Banks established in 1990]] [[Category:Russian brands]] [[Category:Russian entities subject to U.S. Department of the Treasury sanctions]] [[Category:Government-owned banks of Russia]]