Gold Sponsor
JSC VTB Bank
VTB is a recognized leader of the national financial industry having gained a sustained competitive edge in all segments of the banking market. As of December 31, 2007 according to IFRS (consolidated), its shareholders equity totaled US$16.5 billion, enabling VTB to meet the Basle capital adequacy requirements with a safe margin. The assets of the Bank as of December 31, 2007 amounted up to US$92.6 billion. The “Banker” magazine has ranked VTB the 116th among the world’s 1000 largest banks by capital. Presently, the Government of the Russian Federation is the major shareholder of VTB, with its share accounting for 77.5%. In May 2007 during the IPO newly issued shares, representing 22.5% of VTB’s enlarged share capital, were allocated among Russian and international investors. The aggregate amount of funds raised approximated US$8 billion, making the VTB’s IPO the world’s largest public offering in 2007. It also proved to be most public in the history of the Russian stock market, since more than 120 thousand Russians have become VTB shareholders during the IPO. As a result of the IPO, market capitalization of VTB, whose shares are now traded on the MICEX and RTS, as well as on the London Stock Exchange in the form of Global Depository Receipts, has exceeded US$35.5 billion. VTB authorized capital is presently RUR 67.2 billion. VTB has further solidified its leadership in financing the Russian economy. As of December 31, 2007 VTB`s loans outstanding to non-financial companies totaled US$58.5 billion. Among the main borrowers of the Bank are industrial enterprises and foreign trade companies. International rating agencies Moody`s Investors Service, Standard & Poor`s and Fitch have traditionally assigned VTB the highest possible rating for Russian banks. Russian rating agencies also award VTB with the highest possible reliability ratings. Striving to diversify its activity, VTB offers its customers a wide range of banking products and services. |
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www.vtb.ru |