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VTBRussian Federation
On record
This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-18 11:32:11
Johan Frijns, BankTrack
On record
This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-18 11:32:11
Johan Frijns, BankTrack
About
| Website | http://www.vtb.com/ |
| Headquarters |
Ul. Bolshaya Morskaya, 29,
190000 St. Petersburg
Russian Federation
|
| CEO/chair |
Andrei L. Kostin Chairman and CEO |
| Supervisor |
|
| Ownership |
listed on London Stock Exchange & Russian Trading System
VTB is a public company, with shares traded on the Russian and London stock market. VTB's principal shareholder is the Russian Federation, represented by the Federal Agency for State Property Management. At the beginning of 2011, the State decreased its stake by 10%, holding 75.5% at the end of 2011. Foreign institutional investors include Assicurazioni Generali (Italy), TPG Capital (United States) and the Chinese sovereign wealth fund China Investment Corporation. In April 2015 the Russian government owns 60,9348% of voting shares or 85,2665% of the Bank's share capital.
|
VTB Group, made up of VTB Bank and its subsidiaries, is a leading Russian financial group, offering a wide range of banking services and products in Russia, Europe, Asia, Africa, and the United States.
Its Russian banking business is conducted through VTB Bank as a parent and its five subsidiary banks, including VTB24, Bank of Moscow, and TransCreditBank. VTB Capital is the group's investment business. VTB Bank obtained control over Bank of Moscow in 2011, after continuously increasing its stake to almost 95%. Its stake in TransCreditBank is almost 78%.
Sustainability
Policies
Voluntary standards
The corporate social responsibility policy (below) of the VTB bank mentions: As a global company, the Bank abides by the IFC's Equator Principles concerning environmental and social impacts. It is not an official signatory of the Equator Principles.
VTB has committed itself to the following voluntary standards:
Dodgy Deals
VTB is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of VTB's link to these deals.
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Accountability
This page evaluates VTB's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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