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VTB 24 bank

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

Ranking

on 01.04.2014 г.
Net assets 2 202 098 771 RUR, tnd, 4th place in Russia, 3rd place in regions
Net profit 1 917 004 RUR, tnd, 11th place in Russia, 9th place in regions
All indicators
Headquarter 
101000, Moscow, ul. Mjasnickaja, 35
URL  www.vtb24.ru
Banki.ru reference

VTB 24 CJSC is a large financial institution in Russia that is in charge of retail business within banking group VTB. Nearly 99% of the bank’s shares are controlled by VTB Bank OJSC. The lender’s business focus is to serve households, individual entrepreneurs and SMEs.

VTB 24 was established on the basis of Guta-Bank that collapsed during the inter-bank crisis 2004 and was acquired by Vneshtorgbank (now VTB Bank) with participation of the Bank of Russia.Guta-Bank was renamed Vneshtorgbank Retail Services in 2005 and VTB 24 in November 2006.

The lender’s major shareholder is VTB Bank (98.929%). Since July 2005 the lender has been led by CEO and management board chairman Mikhail Zadornov who held office 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.

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