|Full name||Closed Joint-Stock Company "Bank VTB 24"|
|Licence||1623 | Summary on the Central Bank of Russia Site|
|on 01.09.2014 г.||
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 banks shares are controlled by VTB Bank OJSC. The lenders 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 lenders 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.
VTB 24 is part of international banking group VTB, dealing with households, individual entrepreneurs and small enterprises. The lenders sales network is comprised of nearly 700 offices in 69 constituent entities of Russia, including 8 branches in the largest cities of Russia. The bank employs over 25,000 people.
VTB 24 provides a wide range of standard banking services, including mortgage loans, online banking, investment and leasing services, safety deposit boxes, money wires via Western Union, VTB24 — Sprint and Anelik, issues Visa, MasterCard and Diners Club bank cards, renders private banking services, etc. The number of valid credit and debit cards that VTB 24 issued exceeds 9 mln, and the banks ATM network includes about 6,000 terminals all across Russia. Around a half of cards was issued within payroll projects that cover employees of 27,000 businesses. The total number of the banks retail customers exceeds 5 mln.
It should be noted that 65% of the lenders net assets fall to the credit portfolio, 5% of which are overdue. 84% of the banks aggregate loans are retail loans issued mainly for over 36 months, 22% of net assets fall to the loans granted on the inter-bank lending market, with over two thirds of these loans provided for over 12 months. Apparently, funds were likely provided to Leto-Bank. The lenders liabilities are also poorly diversified by financial instruments (63% falls to retail deposits and 12% to money held on settlement and deposit accounts of enterprises and institutions). The bank is often a net creditor on the inter-bank lending market. In line with its RAS financial statement, in 2012 the lending institution earned net profit of Rub 37 bln (net profit totaled Rub 15.7 bln in 2011).
The Supervisory Board: Andrei Kostin (chairman), Mikhail Zadornov, Herbert Moos, Mikhail Oseevsky, Ekaterina Petelina, Igor Piun, Andrei Puchkov and Vasily Titov.The Management Board: Mikhail Zadornov (president and chairman), Vyacheslav Vorobiev, Mikhail Kozhokin, Ekaterina Petelina, Alexander Melenkin, Sergei Rusanov, Alexander Sokolov, Valery Chulkov and Nadia Cherkassova.
|← back to the banks list|
Watched 38473 times since 06.06.2008