VTB 24 bank

Name VTB 24
Full name Public Joint-Stock Company "Bank VTB 24"
Licence 1623 | Summary on the Central Bank of Russia Site


on 01.10.2016 г.
Net assets 3 214 800 742 RUR, tnd, 4th place in Russia, 3rd place in regions
Net profit 23 550 080 RUR, tnd, 4th place in Russia, 3rd place in regions
All indicators
101000, Moscow, Myasnickaya street, 35
URL www.vtb24.ru
Banki.ru reference

VTB 24 was established on the basis of Guta-Bank that collapsed during the inter-bank crisis of 2004 and was acquired by Vneshtorgbank (now VTB Bank) with participation of the Bank of Russia. Guta-Bank (CJSC) was renamed Vneshtorgbank Retail Services in 2005, and turned into VTB 24 in November 2006, and the bank’s corporate status changed to a public joint stock company (PJSC) in October 2014.

VTB Bank (PJSC) controls a 99.93% interest in VTB 24, with 0.07% falling to minority shareholders. Since July 2005 Mikhail Zadornov has been the bank’s management board chairman after serving as the Russian finance minister from November 1997 through May 1999 (including August 1998). It should also be noted that in late April 2012 Bryansk-based Bezhitsa-Bank ended up under the wing of VTB 24 and was renamed Leto Bank. In late October 2013 VTB Group said that the merger of its two banks, VTB 24 and Transcreditbank (the latter was folded into VTB 24), was wrapped up and the Transcreditbank brand ceased to exist in November 2013. As a result of this merger VTB 24’s retail credit portfolio expanded by around 11%, while retail deposits jumped 5.2%. The bank’s united clientele equals roughly 12 mln active clients, its aggregate workforce is 34,500 people, 28,000 of whom are VTB 24 staff, and the rest falls to the people employed by Transcreditbank.

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