# VTB Bank

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Russian state-owned bank

"VTB" redirects here. For other uses, see [VTB (disambiguation)](/source/VTB_(disambiguation)).

For the Soviet bank known as Vneshtorgbank, see [Foreign Trade Bank of the USSR](/source/Foreign_Trade_Bank_of_the_USSR).

PJSC VTB Bank Native name ПАО Банк ВТБ Romanized name PAO Bank VTB Type Open joint-stock company Traded as MCX: VTBR LSE: VTBR Industry Financial services Headquarters Moscow, Russia Area served Russia, CIS, Europe, Asia, Africa, US Key people Andrey L. Kostin (President and Chairman of the Management Board) Anton Siluanov (Chairman of the Supervisory Council) Products Retail banking 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 Revenue 1,185,800,000,000 Russian ruble (2017) Net income $5.99 billion[1] (2025) Total assets $44 billion[1] (2025) Total equity $32.6 billion[1] (2025) Owner Federal Agency for State Property Management (60.9%)[2]

**VTB Bank** ([Russian](/source/Russian_language): Банк ВТБ; formerly known as *Vneshtorgbank*, Внешторгбанк, lit. 'International Trade Bank') is a Russian majority state-owned bank headquartered in various [federal districts of Russia](/source/Federal_districts_of_Russia);[3][4] its legal address is registered as [Saint Petersburg](/source/Saint_Petersburg).[3] As of 2022, over 90% of the company's capital stock was owned by three Russian agencies.[5]

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, [CIS](/source/Commonwealth_of_Independent_States), Europe, Asia, Africa, and the US.[6][7][8] As of April 2025, VTB had a Chinese subsidiary which operated a branch in [Shanghai](/source/Shanghai).[9]

VTB was ranked 446th on the [FT Global 500](/source/Financial_Times_Global_500) in 2011.[10] The *[Financial Times](/source/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,[11] 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.[12]

## History

### 20th century

Old logo

VTB Bank was founded as Vneshtorgbank in 1990 with the support of the [Central Bank of Russia](/source/Central_Bank_of_Russia) and the [Ministry of Finance](/source/Ministry_of_Finance_(Russia)). 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](/source/World_economy).[13]

### 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).[14] The bank also acquired the Armenian Armsberbank, which was later renamed VTB Armenia.[15] In 2005, the bank acquired 75% plus three shares of the [Promstroybank](/source/Promstroybank_(Russia)) (PSB), which was reorganised as Bank VTB North-West and later became VTB's North-Western Regional Centre,[16] and bought the Ukrainian bank Mriya, which was later merged with VTB Bank (Ukraine).[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

In 2007, the bank set up a subsidiary in [Angola](/source/Angola) known as VTB África.[17] The bank also took over Slavneftebank in [Belarus](/source/Belarus) and later renamed it VTB Belarus.[18] In June, VTB became the first Russian bank to offer an [initial public offering](/source/Initial_public_offering) (IPO), raising $8 billion in what became the largest international banking IPO at the time.[19]

In 2008, the bank acquired a 51% stake in AF Bank in [Azerbaijan](/source/Azerbaijan) from [AF Holding International](/source/AF_Holding_International), later renaming it VTB Azerbaijan.[20] In 2010, the bank's board approved the phased acquisition of TransCreditBank from [Russian Railways](/source/Russian_Railways).[21] In 2013, VTB carried out a [secondary public offering](/source/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.[22] 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.[23]

#### 2nd decade

In 2011, VTB invested more than $191 million for shares in the Isle of Man company DST Investment 3[24] which was roughly than half of the funds in [Yuri Milner](/source/Yuri_Milner)'s [DST Global](/source/DST_Global).[25] This led to Milner's large stake in Twitter.[25][24] Kanton had almost no investment in Twitter.[25] DST Investment 3 also issued shares to [Alisher Usmanov](/source/Alisher_Usmanov)'s Kanton that were used to support the Kremlin's investment in Facebook.[25]

In November 2012, some bankers expressed concern about VTB's offer to raise capital for the [Basel III](/source/Basel_III) requirements, which were addressed by selling $1 billion of perpetual Tier 1 bonds.[26] As of April 2025, the $551 million worth of bonds have a call date of 6 June 2025.[27]

On 7 May 2014, VTB transferred most of its DST Investment 3 to Kanton.[25][28]

In 2014, before the [Russo-Ukrainian war](/source/Russo-Ukrainian_war), VTB Bank was one of the biggest [banks in Ukraine](/source/List_of_banks_in_Ukraine). VTB Ukraine went bankrupt in 2018.[29]

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.[30]

In August 2018, it was announced that VTB Bank would acquire a 75% stake in [Vozrozhdenie Bank](/source/Vozrozhdenie_Bank) after its previous owners oversaw a "major banking collapse".[31]

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.[32]

In November 2018, the [National Bank of Ukraine](/source/National_Bank_of_Ukraine) declared the Ukrainian subsidiary of VTB Bank insolvent due to its declining liquidity and worsening financial position.[33]

In December 2018, it was announced that VTB Bank would be acquiring controlling stakes in Sarovbusinessbank (81.1%) and Zapsibcombank (71.8%).[34]

#### 3rd decade

In March 2022, VTB, along with other Russian lenders, was delisted from the [SWIFT](/source/SWIFT) transaction system, as punishment for the [Russian invasion of Ukraine](/source/Russian_invasion_of_Ukraine).[35]

In May 2022, soon after the [Russian invasion of Ukraine](/source/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](/source/Nabiullina) demurred, while she acknowledged that some banks may require a capital injection as a result.[36]

In March 2023, VTB detailed a $4.7 billion takeover of [Otkritie Bank](/source/Otkritie_Bank). At the time, VTB was Russia's second biggest bank. The [Russian Central Bank](/source/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.[35]

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.[37]

In early December 2024, VTB said that the savings rate of their private individual clients had reached an all-time low.[38]

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."[39]

In January 2025, VTB announced that it would start up a branch in [Iran](/source/Iran).[40]

On 16 April 2025, VTB Bank announced it had absorbed [RNKB](/source/RNKB), which focuses its operations in [Occupied Crimea](/source/Occupied_Crimea). RNKB had 2 million clients at that date.[41]

On 18 April 2025, owing to a change in strategy, VTB Bank called off its acquisition of [Zvezda Shipbuilding Complex](/source/Zvezda_Shipbuilding_Complex) and said it would divest itself of [United Shipbuilding Corporation](/source/United_Shipbuilding_Corporation). VTB would no longer be invested in reviving failed industrial concerns. Kostin cited guidance from the Russian Central Bank.[42]

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.[43]

## Mergers and acquisitions

VTB Bank took over 15 banks between 2002 and February 2019:

- Guta Bank (2004), later renamed VTB24

- [Bank of Moscow](/source/Bank_of_Moscow)

- TransCreditBank

- Armsberbank in [Armenia](/source/Armenia) (2004), later renamed VTB Armenia[44]

- [Promstroybank](/source/Promstroybank_(Russia)) (2005), renamed Bank VTB North-West and later reorganised as VTB's North-Western Regional Centre[45]

- [Eurobank](/source/Banque_Commerciale_pour_l'Europe_du_Nord_%E2%80%93_Eurobank) in Paris, France (2005), later renamed VTB France[46]

- [Evrofinance Mosnarbank](/source/Evrofinance_Mosnarbank) in London, [Great Britain](/source/Great_Britain) (2005), based on the former [Moscow Narodny Bank](/source/Moscow_Narodny_Bank), later renamed VTB Europe Plc then VTB Capital Plc

- [Ost-West Handelsbank](/source/Ost-West_Handelsbank) AG in Germany (2005), later renamed VTB Germany[47]

- [United Georgian Bank](https://en.wikipedia.org/w/index.php?title=United_Georgian_Bank&action=edit&redlink=1) (2005), later renamed VTB Georgia[48]

- Mriya in [Ukraine](/source/Ukraine) (2006), later merged with VTB Ukraine[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

- Slavneftebank in [Belarus](/source/Belarus) (2007), later renamed VTB Belarus[49]

- AF Bank in Azerbaijan from [AF Holding International](/source/AF_Holding_International) (2008), later VTB Azerbaijan[50]

- [Post Bank (Russia)](/source/Post_Bank_(Russia)) (2018)[51]

- [Vozrozhdenie](/source/Vozrozhdenie_Bank) (2018)

- Zapsibkombank (2018)

- SarovBusinessBank (2018).

### VTB24, Russian Post and Post Bank

Transfer of cash from a VTB Bank branch

On 24 July 2015, an agreement, approved by [Dmitry Medvedev](/source/Dmitry_Medvedev), was signed between the bank president, director of [Russian Post](/source/Russian_Post), Dmitry Strashnov, and Minister of [Communications and Mass Media](/source/Federal_Agency_on_Press_and_Mass_Communications_of_the_Russian_Federation), [Nikolai Nikiforov](/source/Nikolay_Nikiforov), on the Russian Post purchase of 50 percent minus 1 share of Leto Bank (Summer Bank) from VTB24, to reorganise it into the [National Post Bank](/source/Post_Bank_(Russia)). 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).[52][53][54]

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.[55] VTB24 has 1,062 branches.[56]

On 1 January 2018, VTB acquired VTB24. The integrated network has 1,350 branches.[57][58]

## Sanctions

See also: [Russian financial crisis (2014–2016)](/source/Russian_financial_crisis_(2014%E2%80%932016))

On 29 July 2014, the [Office of Foreign Assets Control](/source/Office_of_Foreign_Assets_Control) (OFAC) published that the Bank of Moscow and VTB Bank [OJSC](/source/Open_joint-stock_company), the second-largest bank in Russia, had been added to the [Sectoral Sanctions Identifications List](/source/Office_of_Foreign_Assets_Control#Sectoral_Sanctions_Identifications).

On 31 July 2014, VTB Bank and its subsidiaries was added to the [European Union sanctions list](/source/List_of_individuals_sanctioned_during_the_Ukrainian_crisis) due to its role in the [annexation of Crimea by the Russian Federation](/source/Annexation_of_Crimea_by_the_Russian_Federation) that same year[59] and the United Kingdom list from 1 August.[60]

On 6 August 2014, VTB was added to the [Canadian sanctions list](/source/List_of_individuals_sanctioned_during_the_Ukrainian_crisis) due to its role in the [Russo-Ukrainian War](/source/Russo-Ukrainian_War) and the downing of [Malaysia Airlines Flight 17](/source/Malaysia_Airlines_Flight_17).[61]

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".[62]

On 1 September 2014, VTB was added to the [Australian autonomous sanctions list](/source/List_of_individuals_sanctioned_during_the_Ukrainian_crisis) for Russia, Crimea, and Sevastopol.[63][64][65]

On 12 September 2014, the United States issued a consolidated listing of directives associated with Executive Order 13662 sanctions during the [Russo-Ukrainian war](/source/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*.[66][67][68][69]

In 2015, the banks' chief Executive [Andrei Kostin](/source/Andrey_Kostin) predicted loses for the bank in the years to come because of the plunging ruble accelerated by [international sanctions](/source/International_sanctions_during_the_Russo-Ukrainian_War).[70]

On 15 March 2017, Ukraine imposed sanctions against VTB Bank and subsidiaries because of the ongoing Russian interference in Ukraine.[71][72]

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*.[73]

On 27 November 2018, the [National Bank of Ukraine](/source/National_Bank_of_Ukraine) declared the Ukrainian subsidiary of VTB Bank insolvent due to its declining liquidity and worsening financial position.[74]

On 25 June 2020 [European Court of Justice](/source/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.[75][76][77][78]: 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.[75]

In February 2022, amid the [Russo–Ukrainian crisis](/source/2021%E2%80%932022_Russo-Ukrainian_crisis), US and EU officials were reportedly finalizing an extensive package of sanctions on VTB bank and other related Russian entities.[79] On 24 February, after Russia launched a [full-scale invasion](/source/2022_Russian_invasion_of_Ukraine) of Ukraine, US president [Joe Biden](/source/Joe_Biden) and British prime minister [Boris Johnson](/source/Boris_Johnson) announced new sanctions against VTB bank and its directors, along with other Russian individuals and companies.[80]

## 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 [Generali](/source/Assicurazioni_Generali), [TPG Capital](/source/TPG_Capital), [China Investment Corp](/source/China_Investment_Corporation), a [sovereign wealth fund](/source/Sovereign_wealth_fund) responsible for managing China's [foreign exchange reserves](/source/Foreign_exchange_reserves), and companies affiliated with businessman [Suleyman Kerimov](/source/Suleyman_Kerimov).[81]

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's primary stock exchange](/source/Moscow_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](/source/Norges_Bank) Investment Management, [Qatar Holding LLC](/source/Qatar_Holding_LLC), and the [State Oil Fund of the Republic of Azerbaijan](/source/State_Oil_Fund_of_the_Republic_of_Azerbaijan) (SOFAZ) and commercial bank [China Construction Bank](/source/China_Construction_Bank) became the largest investors during the SPO, after purchasing more than half of the additional shares issued.[22]

In 2017, the main shareholder of VTB was the [Russian government](/source/Government_of_Russia),[25] which owned 60.9% of the lender through its [Federal Agency for State Property Management](/source/Federal_Agency_for_State_Property_Management). The remaining shares were split between holders of its [Global Depository Receipts](/source/Global_depository_receipt) 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:[5]

- 12.13% of (capital) shares – [Federal Agency for State Property Management (Russia)](/source/Federal_Agency_for_State_Property_Management)

- 32.88% of (capital) shares – [Ministry of Finance (Russia)](/source/Ministry_of_Finance_(Russia))

- 47.22% of (capital) shares – [Deposit Insurance Agency of Russia](/source/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](/source/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](/source/Alexander_Bortnikov), director of the [Federal Security Service](/source/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[\[update\]](https://en.wikipedia.org/w/index.php?title=VTB_Bank&action=edit), VTB's Supervisory Council consists of [Anton Siluanov](/source/Anton_Siluanov) (Chairman of the Supervisory Council), Matthias Warnig (member of the Supervisory Council),[8] Sergey Dubinin (member of supervisory council), [Mikhail Zadornov](/source/Mikhail_Mikhailovich_Zadornov) (Member of Supervisory Council), [Andrey Kostin](/source/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), [Mukhadin Eskindarov](/source/Mikhail_Eskindarov) (Member of Supervisory Council).[82]

## Financial data

This section needs to be updated. Please help update this article to reflect recent events or newly available information. (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.[83]

The 2022 results showed a loss of 612.6 billion rubles ($7.7 billion), primarily due to the impact of sanctions.[84]

## Major subsidiaries

Previously 100% owned [VTB Capital](/source/VTB_Capital) (New-York, US etc.) was sold in September 2018[85]

VTB's major subsidiaries as of April 2022 were:

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[86] 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%

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[87] 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

## Sports sponsorships

The headquarters of VTB Armenia in [Yerevan](/source/Yerevan)

VTB is one of the sponsors of all [Dinamo Moscow](/source/Dinamo_Moscow) sport clubs.[88]

Since 2017, VTB Bank has been the title partner of the Russian [Formula 1](/source/Formula_1) stage in Sochi – Formula 1 VTB Russian Grand Prix.

Since 2016, VTB has been the name of the tennis tournament [VTB Kremlin Cup](/source/Kremlin_Cup).

VTB has also been the title sponsor of the [VTB United League](/source/VTB_United_League) since 2008. Since 2005, VTB Bank has been the general sponsor of the [Kamaz Master](/source/Kamaz_Master) team, a team which has been active in renowned [rally raid](/source/Rally_raid) such as [Dakar Rally](/source/Dakar_Rally), [Silk Way Rally](/source/Silk_Way_Rally) and [Africa Eco Race](/source/Africa_Eco_Race).[89]

Since 2013, VTB Group has been supporting the [Velobike](/source/Velobike), a [bicycle-sharing system](/source/Bicycle-sharing_system) in [Moscow](/source/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

- [Banks portal](https://en.wikipedia.org/wiki/Portal:Banks)
- [Companies portal](https://en.wikipedia.org/wiki/Portal:Companies)

- [Timeline of Russian interference in the 2016 United States elections](/source/Timeline_of_Russian_interference_in_the_2016_United_States_elections)

- [Timeline of investigations into Trump and Russia (July–December 2017)](/source/Timeline_of_investigations_into_Trump_and_Russia_(July%E2%80%93December_2017))

- [East-West United Bank](/source/East-West_United_Bank)

## References

1. ^ [***a***](#cite_ref-wikidata-cbcbd1c5e1b8a442263a332e884a6b9694e84ab3-v20_1-0) [***b***](#cite_ref-wikidata-cbcbd1c5e1b8a442263a332e884a6b9694e84ab3-v20_1-1) [***c***](#cite_ref-wikidata-cbcbd1c5e1b8a442263a332e884a6b9694e84ab3-v20_1-2) ["Финансовая отчетность по МСФО за 2025 год"](https://www.vtb.ru/media-files/vtb.ru/sitepages/ir/statements/results/rus-vtb-group-ifrs-as-of-31-december-2025.pdf) (PDF) (in Russian). VTB Bank. 25 February 2026. p. 97. Retrieved 25 February 2026.

1. **[^](#cite_ref-2)** 4-traders. ["Bank VTB PAO company : Shareholders, managers and business summary - MOSCOW INTERBANK CURRENCY EXCHANGE: VTBR - 4-Traders"](http://www.4-traders.com/BANK-VTB-PAO-6499155/company/). 4-traders.com.{{[cite web](https://en.wikipedia.org/wiki/Template:Cite_web)}}: CS1 maint: numeric names: authors list ([link](https://en.wikipedia.org/wiki/Category:CS1_maint:_numeric_names:_authors_list))

1. ^ [***a***](#cite_ref-:2_3-0) [***b***](#cite_ref-:2_3-1) ["General Information - VTB Bank (PJSC)"](https://web.archive.org/web/20190507000000/https://www.vtb.com/o-banke/bank-vtb/rekvizity/). *VTB* (in Russian). Archived from [the original](https://www.vtb.com/o-banke/bank-vtb/rekvizity/) on 7 May 2019. Retrieved 18 February 2022.

1. **[^](#cite_ref-4)** ["Реквизиты"](https://www.vtb.ru/o-banke/bank-vtb/rekvizity/#tab_0#). *VTB* (in Russian). Retrieved 18 February 2022.

1. ^ [***a***](#cite_ref-:3_5-0) [***b***](#cite_ref-:3_5-1) ["Shareholder capital structure"](https://web.archive.org/web/20181207234922/https://www.vtb.com/akcionery-i-investory/raskrytie-informacii/struktura-akcionernogo-kapitala/). *VTB* (in Russian). Archived from [the original](https://www.vtb.com/akcionery-i-investory/raskrytie-informacii/struktura-akcionernogo-kapitala/) on 7 December 2018. Retrieved 18 February 2022.

1. **[^](#cite_ref-vtb1_6-0)** ["Структура группы ВТБ"](https://www.vtb.ru/about/group/). *VTB*. Retrieved 18 February 2022.

1. **[^](#cite_ref-7)** ["VTB Annual Report: VTB GROUP'S STRUCTURE"](https://web.archive.org/web/20210515052221/https://ar2019.vtb.com/pdf/ar/en/today_structure.pdf) (PDF). 2019. Archived from [the original](https://ar2019.vtb.com/pdf/ar/en/today_structure.pdf) (PDF) on 15 May 2021.

1. **[^](#cite_ref-vtb2_8-0)** ["VTB Group's structure – VTB Group Today – VTB Annual Report 2019"](https://web.archive.org/web/20200930093750/https://ar2019.vtb.com/today/structure). *ar2019.vtb.com*. 2019. Archived from [the original](https://ar2019.vtb.com/today/structure) on 30 September 2020. Retrieved 18 February 2022.

1. **[^](#cite_ref-cn1_9-0)** ["Archived copy"](https://web.archive.org/web/20250506225819/https://www.vtbbank.cn/). Archived from [the original](https://www.vtbbank.cn/) on 6 May 2025. Retrieved 15 April 2025.{{[cite news](https://en.wikipedia.org/wiki/Template:Cite_news)}}: CS1 maint: archived copy as title ([link](https://en.wikipedia.org/wiki/Category:CS1_maint:_archived_copy_as_title))

1. **[^](#cite_ref-:0_10-0)** ["FT Global 500 2011"](http://media.ft.com/cms/33558890-98d4-11e0-bd66-00144feab49a.pdf) (PDF).

1. **[^](#cite_ref-11)** ["FT Europe 500 2011"](https://www.ft.com/intl/cms/32aafd58-98d4-11e0-bd66-00144feab49a.pdf) (PDF).

1. **[^](#cite_ref-12)** ["Банк ВТБ (ПАО)"](https://www.rusprofile.ru/id/76374). *Rusprofile* (in Russian). Retrieved 10 September 2023.

1. **[^](#cite_ref-13)** ["VTB Vneshtorgbank"](http://tadviser.com/index.php/Company:VTB_-_Vneshtorgbank#1990:_Creation_of_Vneshtorgbank). TAdviser. Retrieved 15 April 2019.

1. **[^](#cite_ref-14)** ["VTB pays symbolic USD 34,000 for Guta Bank"](https://web.archive.org/web/20190422064908/https://www.neweurope.eu/article/vtb-pays-symbolic-usd-34000-guta-bank/). *New Europe*. 25 July 2004. Archived from [the original](https://www.neweurope.eu/article/vtb-pays-symbolic-usd-34000-guta-bank/) on 22 April 2019. Retrieved 15 April 2019.

1. **[^](#cite_ref-15)** ["FACTBOX-Armenia's economy"](https://web.archive.org/web/20190422063409/https://uk.reuters.com/article/armenia-election-investments/factbox-armenias-economy-idUKANT25492920080214). [Reuters](/source/Reuters). 15 February 2008. Archived from [the original](https://uk.reuters.com/article/armenia-election-investments/factbox-armenias-economy-idUKANT25492920080214) on 22 April 2019. Retrieved 15 April 2019.

1. **[^](#cite_ref-16)** ["В Промышленно-строительном банке назначены два новых заместителя председателя правления"](https://www.rbc.ru/spb_sz/freenews/5592c2c19a79473b7f4bd441). *РБК*. 17 March 2006.

1. **[^](#cite_ref-17)** ["VTB África Bank starts operating in Angola in March"](https://web.archive.org/web/20211027180909/https://macauhub.com.mo/2007/02/26/2594/). Macau Hub. 26 February 2007. Archived from [the original](https://macauhub.com.mo/2007/02/26/2594/) on 27 October 2021. Retrieved 16 April 2019.

1. **[^](#cite_ref-18)** *VTB buys control of Slavneftebank for $25.4 mln*

1. **[^](#cite_ref-19)** Norton, Guy (4 June 2007). ["Russia: VTB puts on a good show with $8 billion IPO"](https://www.euromoney.com/article/b13222cnkc8y08/russia-vtb-puts-on-a-good-show-with-$8-billion-ipo). *[Euromoney](/source/Euromoney)*. Retrieved 16 April 2019.

1. **[^](#cite_ref-20)** ["VTB buys controlling interest in Azerbaijani AF-Bank"](https://www.banki.ru/news/engnews/?id=750213). *Banki.ru*. 9 December 2008. Retrieved 16 April 2019.

1. **[^](#cite_ref-21)** ["Russian Railways CEO Yakunin: Russian Railways prepared to sell VTB Bank controlling stake in Transcreditbank"](https://www.banki.ru/news/engnews/?id=2287571). *Banki.ru*. Retrieved 15 February 2023.

1. ^ [***a***](#cite_ref-SPO_MT_2013_22-0) [***b***](#cite_ref-SPO_MT_2013_22-1) ["VTB Completes New Offering That Reduces State Stake By 15%"](http://www.themoscowtimes.com/business/article/vtb-completes-new-offering-that-reduces-state-stake-by-15/480424.html). *[The Moscow Times](/source/The_Moscow_Times)*. 24 May 2013.

1. **[^](#cite_ref-23)** ["Russian Railways secures 630 bln rouble credit line from VTB - bank CEO"](https://finance.yahoo.com/news/russian-railways-secures-630-bln-065347560.html). *Yahoo*. 16 June 2022. Retrieved 15 February 2023.

1. ^ [***a***](#cite_ref-Guardian2017-11-5_24-0) [***b***](#cite_ref-Guardian2017-11-5_24-1) Swaine, Jon; Harding, Luke (5 November 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"](https://www.theguardian.com/news/2017/nov/05/russia-funded-facebook-twitter-investments-kushner-investor). *[The Guardian](/source/The_Guardian)*. Manchester, England. Retrieved 10 February 2018.

1. ^ [***a***](#cite_ref-NYT2017-11-05_25-0) [***b***](#cite_ref-NYT2017-11-05_25-1) [***c***](#cite_ref-NYT2017-11-05_25-2) [***d***](#cite_ref-NYT2017-11-05_25-3) [***e***](#cite_ref-NYT2017-11-05_25-4) [***f***](#cite_ref-NYT2017-11-05_25-5) Drucker, Jesse (5 November 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"](https://www.nytimes.com/2017/11/05/world/yuri-milner-facebook-twitter-russia.html). *[The New York Times](/source/The_New_York_Times)*. Retrieved 7 February 2018.

1. **[^](#cite_ref-gc1_26-0)** ["VTB prices $1.25bn T1 tap, soothes worries about Basel III"](https://www.globalcapital.com/article/28mss1vykxr2fjga5yp35/fig/vtb-prices-1-25bn-t1-tap-soothes-worries-about-basel-iii). 2 November 2012.

1. **[^](#cite_ref-cbonds1_27-0)** ["International bonds: VTB Bank (PAO), 9.5% perp., USD (XS0810596832, VTB Eur)"](https://cbonds.com/bonds/29977/).

1. **[^](#cite_ref-ICIJ2017-11-5_28-0)** Woodman, Spencer (5 November 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"](https://www.icij.org/investigations/paradise-papers/kremlin-owned-firms-linked-major-twitter-facebook-investments-icij/). *International Consortium of Investigative Journalists*. Retrieved 10 February 2018.

1. **[^](#cite_ref-ep1_29-0)** (in Ukrainian) [Ukrainian "daughter" of Russian "VTB Bank" - bankrupt](https://www.epravda.com.ua/news/2018/11/27/643049/), [Economical Pravda](/source/Ukrayinska_Pravda) (27 November 2018)

1. **[^](#cite_ref-rtrs1_30-0)** ["Russia's VTB says Basel III to cost it 14 BLN roubles a year"](https://www.reuters.com/article/markets/russia-s-vtb-says-basel-iii-to-cost-it-14-bln-roubles-a-year-idUSL8N1K43YD/). *Reuters*. 13 July 2017.

1. **[^](#cite_ref-31)** Seddon, Max (14 August 2018). ["VTB to buy rival Russian bank Vozrozhdenie"](https://www.ft.com/content/0af7f5e8-9fcc-11e8-85da-eeb7a9ce36e4). *[Financial Times](/source/Financial_Times)*. Retrieved 16 April 2019.

1. **[^](#cite_ref-rtrs2_32-0)** ["Russia's VTB asked c.bank, govt to revise Basel III requirements for banks-CEO"](https://www.reuters.com/article/markets/europe/russias-vtb-asked-cbank-govt-to-revise-basel-iii-requirements-for-banks-ceo-idUSR4N1VM02A/). *Reuters*. 6 September 2018.

1. **[^](#cite_ref-33)** ["Ukraine central bank declares Russian VTB subsidiary insolvent"](https://www.reuters.com/article/idUSL8N1Y25KL). [Reuters](/source/Reuters). 27 November 2018.

1. **[^](#cite_ref-34)** ["ВТБ покупает "Саровбизнесбанк" и "Запсибкомбанк""](https://finance.rambler.ru/markets/41487286-vtb-pokupaet-sarovbiznesbank-i-zapsibkombank/). *Rambler* (in Russian). 26 December 2018. Retrieved 16 April 2019.

1. ^ [***a***](#cite_ref-fw1_35-0) [***b***](#cite_ref-fw1_35-1) ["VTB's $4.7bn deal for Otkritie Bank"](https://www.financierworldwide.com/vtbs-47bn-deal-for-otkritie-bank).

1. **[^](#cite_ref-br1_36-0)** ["VTB says Russian banks could get $52bn boost if country ditches Basel rules"](https://www.brecorder.com/news/40175814/vtb-says-russian-banks-could-get-52bn-boost-if-country-ditches-basel-rules). 26 May 2022.

1. **[^](#cite_ref-icom1_37-0)** ["VTB not planning share buyback from 'unfriendly' non-residents, as any buyback reduces capital - Pyanov"](https://interfax.com/newsroom/top-stories/106473/).

1. **[^](#cite_ref-tmt1_38-0)** ["Russians' Cash Savings Reach All-Time Low – VTB"](https://www.themoscowtimes.com/2024/12/04/russians-cash-savings-reach-all-time-low-vtb-a87227). 4 December 2024.

1. **[^](#cite_ref-bs1_39-0)** [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](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). {{[cite news](https://en.wikipedia.org/wiki/Template:Cite_news)}}: Missing or empty |title= ([help](https://en.wikipedia.org/wiki/Help:CS1_errors#citation_missing_title))

1. **[^](#cite_ref-casp1_40-0)** ["Russian State-Owned VTB Bank to Open Branch in Iran"](https://caspiannews.com/news-detail/russian-state-owned-vtb-bank-to-open-branch-in-iran-2025-1-24-0/).

1. **[^](#cite_ref-akm1_41-0)** ["VTB shareholders have decided to reorganize VTB Bank by joining RNKB"](https://www.akm.ru/eng/news/vtb-shareholders-have-decided-to-reorganize-vtb-bank-by-joining-rnkb/).

1. **[^](#cite_ref-msn2_42-0)** [https://www.msn.com/en-us/money/companies/russian-state-vtb-bank-to-divest-non-core-assets/ar-AA1D8z9K](https://www.msn.com/en-us/money/companies/russian-state-vtb-bank-to-divest-non-core-assets/ar-AA1D8z9K). {{[cite news](https://en.wikipedia.org/wiki/Template:Cite_news)}}: Missing or empty |title= ([help](https://en.wikipedia.org/wiki/Help:CS1_errors#citation_missing_title))

1. **[^](#cite_ref-43)** Fabrichnaya, Elena (19 September 2025). ["Russia's VTB bank to raise up to $1 billion in SPO"](https://www.reuters.com/business/finance/russias-vtb-bank-raise-up-1-billion-spo-2025-09-19/). *Reuters*. Retrieved 26 September 2025.

1. **[^](#cite_ref-44)** ["VTB becomes the sole owner of 100% stake in CJSC VTB Bank (Armenia)"](http://new.vtb.com/we/press-center/releases/21813/).[*[permanent dead link](https://en.wikipedia.org/wiki/Wikipedia:Link_rot)*]

1. **[^](#cite_ref-45)** ["Vneshtorgbank owns controlling interest in Promstroybank"](http://new.vtb.com/we/press-center/releases/21595/).[*[permanent dead link](https://en.wikipedia.org/wiki/Wikipedia:Link_rot)*]

1. **[^](#cite_ref-46)** ["VTB – VTB became the main shareholder of BCEN-EUROBANK"](https://web.archive.org/web/20130316044448/http://en.vtb.fr/about/news/index.php?ELEMENT_ID=51365). VTB. Archived from [the original](http://en.vtb.fr/about/news/index.php?ELEMENT_ID=51365) on 16 March 2013. Retrieved 22 October 2012.

1. **[^](#cite_ref-47)** ["VTB to Buy Out Foreign Banks for the Budget Account"](https://web.archive.org/web/20160304084750/http://www.kommersant.com/page.asp?id=606924). [Kommersant](/source/Kommersant). Archived from [the original](http://www.kommersant.com/page.asp?id=606924) on 4 March 2016. Retrieved 22 October 2012.

1. **[^](#cite_ref-48)** ["VTB in 2005"](https://web.archive.org/web/20160308224209/http://en.vtb.ge/about/history/2005/index.php?register=yes&ssl=). Archived from [the original](https://en.vtb.ge/about/history/2005/index.php?register=yes&ssl=) on 8 March 2016. Retrieved 22 October 2012.

1. **[^](#cite_ref-49)** *vtb buys control slavneftebank 254 mln*

1. **[^](#cite_ref-50)** ["VTB holds a controlling interest in AF Bank, Azerbaijan"](http://new.vtb.com/we/press-center/releases/21922/).[*[permanent dead link](https://en.wikipedia.org/wiki/Wikipedia:Link_rot)*]

1. **[^](#cite_ref-ifax2_51-0)** ["VTB receives Central Bank and Federal Antimonopoly Service's permission to acquire Russian Post's stake in Pochta Bank"](https://interfax.com/newsroom/top-stories/108123/).

1. **[^](#cite_ref-52)** ["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"](https://www.pochtabank.ru/news/272362) ["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). 28 January 2016. Retrieved 12 February 2018.

1. **[^](#cite_ref-53)** ["В России создан Почта Банк"](https://web.archive.org/web/20170330134649/https://www.vtb24.ru/news/details/#41066) [In Russia established Post Bank]. *VTB24* (in Russian). 27 January 2016. Archived from [the original](https://www.vtb24.ru/news/details/#41066) on 30 March 2017. Retrieved 12 February 2018.

1. **[^](#cite_ref-54)** ["Banks: Company Overview of PJSC Post Bank"](https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=302910503). *[Bloomberg](/source/Bloomberg_L.P.)*. Retrieved 12 February 2018.

1. **[^](#cite_ref-55)** ["ВТБ и "Почта России" стали паритетными владельцами Почта-банка"](https://web.archive.org/web/20181116173729/https://rns.online/finance/VTB-i-Pochta-Rossii-stali-paritetnimi-vladeltsami-Pochta-banka-2017-12-29/) [VTB and "Russia Post" became parity owners of Post Bank]. *RNS.online* (in Russian). 29 December 2017. Archived from [the original](https://rns.online/finance/VTB-i-Pochta-Rossii-stali-paritetnimi-vladeltsami-Pochta-banka-2017-12-29/) on 16 November 2018. Retrieved 12 February 2018.

1. **[^](#cite_ref-56)** ["VTB 24: About"](https://web.archive.org/web/20170705192939/https://www.vtb24.ru/about/). *VTB 24 website*. Archived from [the original](https://www.vtb24.ru/about) on 5 July 2017. Retrieved 15 February 2018.

1. **[^](#cite_ref-57)** ["Banks: Company Overview of Bank VTB 24 Public Joint-Stock Company"](https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22746678). *Bloomberg*. Retrieved 12 February 2018.

1. **[^](#cite_ref-58)** ["ВТБ завершил присоединение ВТБ24"](https://web.archive.org/web/20170330134649/https://www.vtb24.ru/news/details/#48260) [VTB completed the merger of VTB24]. *VTB website* (in Russian). 8 January 2018. Archived from [the original](https://www.vtb24.ru/news/details/#48260) on 30 March 2017. Retrieved 12 February 2018.

1. **[^](#cite_ref-2014EU833_59-0)** ["COUNCIL REGULATION (EU) No 833/2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine"](https://eur-lex.europa.eu/eli/reg/2014/833/oj). *[Council of the European Union](/source/Council_of_the_European_Union)*. 31 July 2014. Retrieved 10 February 2018.

1. **[^](#cite_ref-60)** ["CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK"](https://assets.publishing.service.gov.uk/media/624d9921d3bf7f6010c0ecd1/InvBan.pdf) (PDF). 6 April 2022.

1. **[^](#cite_ref-CA140806_61-0)** ["Sanctions List SOR/2014-195"](https://gazette.gc.ca/rp-pr/p2/2014/2014-08-27/html/sor-dors195-eng.html). [Canada Gazette](/source/Canada_Gazette). 6 August 2014. Retrieved 7 March 2018.

1. **[^](#cite_ref-US140813_62-0)** ["Revised Guidance on Entities Owned by Persons Whose Property and Interests in Property Are Blocked"](https://www.treasury.gov/resource-center/sanctions/Documents/licensing_guidance.pdf) (PDF). United States Department of Treasury. 13 August 2014. Retrieved 22 March 2018.

1. **[^](#cite_ref-Australia140901_63-0)** ["Sanctions Regime: Russia"](https://dfat.gov.au/international-relations/security/sanctions/sanctions-regimes/Pages/russia.aspx). Australian Government Department of Foreign Affairs and Trade. 1 September 2014. Retrieved 21 March 2018.

1. **[^](#cite_ref-Australia2014List_64-0)** ["Australia and sanctions: Autonomous Sanctions (Russia, Crimea and Sevastopol) Specification 2014"](https://dfat.gov.au/international-relations/security/sanctions/Pages/autonomous-sanctions-russia-crimea-and-sevastopol-specification-2014.aspx). Australian Government Department of Foreign Affairs and Trade. 1 September 2014. Retrieved 21 March 2018.

1. **[^](#cite_ref-AustraliaAboutSanctions_65-0)** ["Australia and sanctions: About sanctions"](https://dfat.gov.au/international-relations/security/sanctions/Pages/about-sanctions.aspx). Australian Government Department of Foreign Affairs and Trade. Retrieved 21 March 2018.

1. **[^](#cite_ref-OFACfaqEO13662CAATSA_66-0)** ["Ukraine-/Russia-related Sanctions: Sectoral Sanctions under Executive Order 13662, CAATSA"](https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_other.aspx#ukraine). OFAC. Retrieved 24 March 2018.

1. **[^](#cite_ref-US140912_67-0)** ["Ukraine-related Sanctions"](https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20140912.aspx). United States Department of Treasury. 12 September 2014. Retrieved 22 March 2018.

1. **[^](#cite_ref-EO13662directives_68-0)** ["Ukraine-/Russia-related Sanctions; Sectoral Sanctions Identifications (SSI) List: EO 13662 Directives"](https://www.treasury.gov/resource-center/sanctions/Programs/Pages/ukraine.aspx#directives). United States Department of Treasury. Retrieved 24 March 2018.

1. **[^](#cite_ref-EO13662DirectiveOne140912_69-0)** ["Directive 1 (as amended) under Executive Order 13662"](https://www.treasury.gov/resource-center/sanctions/Programs/Documents/eo13662_directive1.pdf) (PDF). OFAC. 12 September 2014. Retrieved 24 March 2018.

1. **[^](#cite_ref-70)** White, Alexander Kolyandr and Gregory L. (22 January 2015). ["Russia's VTB Hurt by Sanctions, Interest Rates"](https://online.wsj.com/articles/russias-vtb-hurt-by-sanctions-interest-rates-1421933722). *Wall Street Journal*. [ISSN](/source/ISSN_(identifier)) [0099-9660](https://search.worldcat.org/issn/0099-9660). Retrieved 18 February 2022.

1. **[^](#cite_ref-63Ukraine2017_71-0)** [Пороше́нко, Петро́ Олексі́йович](/source/Petro_Poroshenko) (15 March 2017). ["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)""](http://www.president.gov.ua/documents/632017-21474) [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)"]. *President of Ukraine website* (in Ukrainian). Retrieved 28 February 2018.

1. **[^](#cite_ref-March16Ukraine2017sanctionsBanks_72-0)** [Пороше́нко, Петро́ Олексі́йович](/source/Petro_Poroshenko) (16 March 2017). ["Глава держави затвердив санкції щодо низки російських банків"](http://www.president.gov.ua/news/glava-derzhavi-zatverdiv-sankciyi-shodo-nizki-rosijskih-bank-40418) [The head of state has approved sanctions against a number of Russian banks]. *President of Ukraine website* (in Ukrainian). Retrieved 28 February 2018.

1. **[^](#cite_ref-EO13662DirectiveOne170929_73-0)** ["Directive 1 (as amended) under Executive Order 13662"](https://www.treasury.gov/resource-center/sanctions/Programs/Documents/eo13662_directive1_20170929.pdf) (PDF). OFAC. 29 September 2017. Retrieved 24 March 2018.

1. **[^](#cite_ref-74)** [Ukraine central bank declares Russian VTB subsidiary insolvent](https://www.reuters.com/article/idUSL8N1Y25KL), [Reuters](/source/Reuters) (27 November 2018)

1. ^ [***a***](#cite_ref-:1_75-0) [***b***](#cite_ref-:1_75-1) ["European court rejects VTB's challenge to the EU's sectoral sanctions on Russia"](https://www.brickcourt.co.uk/news/detail/european-court-rejects-vtbs-challenge-to-the-eus-sectoral-sanctions-on-russia). *Brick Court Chambers*. Retrieved 18 February 2022.

1. **[^](#cite_ref-76)** ["Russian banks challenge EU sanctions"](https://www.gtreview.com/news/europe/russian-banks-challenge-eu-sanctions/). *Global Trade Review*. 28 October 2014. Retrieved 18 February 2022.

1. **[^](#cite_ref-77)** ["Суд ЕС отклонил апелляцию ВТБ против санкций"](https://www.vedomosti.ru/finance/news/2020/06/25/833372-sud-es-otklonil-apellyatsiyu-vtb). *[Vedomosti](/source/Vedomosti)* (in Russian). Retrieved 18 February 2022.

1. **[^](#cite_ref-78)** ["CURIA - Documents"](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). *InfoCuria*. Retrieved 18 February 2022.

1. **[^](#cite_ref-79)** Shalal, Andrea (11 February 2022). ["SWIFT off Russia sanctions list, state banks likely target -U.S., EU officials"](https://www.reuters.com/world/europe/swift-off-russia-sanctions-list-state-banks-likely-target-us-eu-officials-2022-02-11/). *Reuters*. Retrieved 18 February 2022.

1. **[^](#cite_ref-80)** ["Explainer: How Western sanctions target Russia"](https://www.reuters.com/markets/europe/how-western-sanctions-will-target-russia-2022-02-24/). *Reuters*. 25 February 2022.

1. **[^](#cite_ref-81)** ["VTB bank sale launches privatisation drive in Russia"](https://web.archive.org/web/20110301172142/http://www.telegraph.co.uk/sponsored/russianow/business/8345564/VTB-bank-sale-launches-privatisation-drive-in-Russia.html), *The Telegraph*

1. **[^](#cite_ref-VTBSupervisoryCouncil_82-0)** ["Supervisory council"](https://web.archive.org/web/20190214174824/https://www.vtb.com/o-banke/bank-vtb/nablyudatelnyj-sovet/). VTB. Archived from [the original](https://www.vtb.com/o-banke/bank-vtb/nablyudatelnyj-sovet/) on 14 February 2019. Retrieved 14 February 2019.

1. **[^](#cite_ref-83)** ["Раскрытие финансовых результатов по МСФО"](https://www.vtb.ru/ir/statements/results/). *VTB* (in Russian). Retrieved 19 April 2022.

1. **[^](#cite_ref-84)** ["Major Russian Bank VTB Reports $7.7 Billion Loss Due To Sanctions"](https://www.rferl.org/a/russia-vtb-bank-7-7-billion-loss-ukraine-sanctions/32350445.html). *Radio Free Europe/Radio Liberty*. 5 April 2023.

1. **[^](#cite_ref-85)** ["ВТБ продал свою "дочку" в США ее руководству"](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). *Deutsche Welle* (in Russian). Retrieved 18 February 2022.

1. **[^](#cite_ref-86)** ["Raw data: VTB BANK (AUSTRIA) AG"](https://www.opensanctions.org/statements/NK-cUBxtPmqVPuzKp44XLyqXL/?prop=status). *OpenSanctions.org*. 18 November 2023.

1. **[^](#cite_ref-SanctionsListSearch_87-0)** ["Office of Foreign Assets Control (OFAC): Sanctions List Search"](https://sanctionssearch.ofac.treas.gov/). *Office of Foreign Assets Control (OFAC) website*. Retrieved 12 February 2018.

1. **[^](#cite_ref-88)** ["ВТБ отдал пакет акций футбольного клуба "Динамо" после санкций"](https://sportrbc.ru/news/6217cc639a794749b2c952ea). *[RBC](/source/RBK_Group)* (in Russian). 24 February 2022.

1. **[^](#cite_ref-89)** ["КАМАЗ-Мастер: ралли Париж-Дакар, Шелковый путь - новости раллийной команды КАМАЗ-Мастер на официальном сайте ВТБ России"](https://vtbrussia.ru/sport/auto/).

## External links

Media related to [VTB Bank](https://commons.wikimedia.org/wiki/Category:VTB_Bank) at Wikimedia Commons

- [Official website](https://www.vtb.com) VTB corporate site

- [Russian website](https://www.vtb.ru)

- [VTB Armenia](https://www.vtb.am)

- [List of Georgian Banks](https://www.geofit-travel.com/ru/index.php?newsid=605)

v t e MOEX Russia Index Aeroflot Alrosa Credit Bank of Moscow Detsky Mir FGC UES Gazprom Inter RAO LSR Group Lukoil Magnit Mechel MMK Moscow Exchange MTS Norilsk Nickel NLMK Novatek PhosAgro PIK Group Polymetal Polyus Gold Rosneft Rostelecom Rusal RusHydro Sberbank Severstal Sistema Surgutneftegas Tatneft Tinkoff Bank Transneft Unipro VTB Bank X5 Retail Group Yandex Valid: from July 21, 2020 Official list: [1]

Authority control databases ISNI

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Adapted from the Wikipedia article [VTB Bank](https://en.wikipedia.org/wiki/VTB_Bank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/VTB_Bank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.
