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November 26, 2015 3:55 AM ET


Company Overview of Bank VTB 24

Company Overview

Bank VTB 24 Public Joint-Stock Company provides various banking products and services to individuals, entrepreneurs, and small businesses in the Russian Federation. It offers time deposits, savings account, and unallocated metal accounts; cash loans, credit cards, mortgages, auto loans, revolving loans, investment credit, loans for collateral, overdrafts and credit targets, and letters of credit; and various insurance programs. The company also provides safety deposit box, broking and FOREX, transfers and payments, currency exchange and cheque, remote account management, settlement and cash, FEA and currency control, and online banking services. It operates through a network of 1062 branch o...

d. 35, Myasnitskaya Street

Moscow,  101000



7 495 777 2424


7 495 980 4666

Key Executives for Bank VTB 24

Chairman of the Management Board, Vice President and Director of Marketing & Public Relations
Age: 53
Director of Operations and Member of the Management Board
Age: 55
Chairman of the Supervisory Board and Chief Executive Officer of VTB Bank
Age: 59
Chairman of the Management Board, Deputy President and Head of The Department of Networks
Age: 46
Deputy Chairman of the Management Board, Deputy President and Member of Supervisory Board
Compensation as of Fiscal Year 2015.

Bank VTB 24 Key Developments

OTP Bank and VTB24 Put Up RUB 50 Billion Bad Debts For Sale

According to the participants of the debt collection market, OTP Bank Plc. (BUSE:OTP) and Bank VTB 24 have announced tenders for more than RUB 50 billion of bad debts. OTP Bank intends to sell about RUB 30 billion of non-performing loans and VTB 24 about RUB 21 billion.

VTB 24 to Downsize Personnel

VTB 24 announced that the company will downsize personnel by 11%, or 4,000 people, as of year-end 2015. The decision was partly influenced by customers migrating to digital channels. In nine months of 2015, the number of VTB 24's Internet bank users increased to 3.1 million people. The company announced that about 57 offices get shut down yearly on average. Currently VTB 24 has 1,062 offices.

VTB 24 May Sell RUB 16 Billion in Overdue Loans

Bank VTB 24 is discussing sale of overdue loans totaling up to RUB 16 billion before year-end 2015, President Mikhail Zadornov. "We are discussing sale of RUB 16 billion in loans before year-end. Not all of them will take place, but the potential is for sale of RUB 16 billion," he said. "These are all unsecured loans, to small business among others," he said.

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Private Placement
May 26, 2015

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