Created before Nov 2016
Last update: 2016-10-18 11:32:11
Johan Frijns, BankTrack
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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%.
Ul. Bolshaya Morskaya, 29,
190000 St. Petersburg
Andrei L. Kostin |
Chairman and CEO
Annual Report 2014|
Social Report 2013
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.
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How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre
Voluntary initiativesVTB has committed itself to the following 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.