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August 03, 2015 5:56 PM ET

Banks

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

Russia

Phone:

7 495 777 2424

Fax:

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

Bank VTB 24 Puts Retail Loans Portfolio Up For Sale- Reports

Bank VTB 24 has put up for sale a portfolio of delinquent retail loans amounting to RUB 8.5 billion, debt collection agencies report. The loans are overdue by 1,100 days, an average loan amounts to RUB 0.3 million. The portfolio comprises consumer loans and credit card loans.

VTB 24 Announces Earnings Results for the Second Quarter and Six Months Ended June 2015

VTB 24 announced earnings results for the second quarter and six months ended June 2015. For the six months, the company announced loss of RUB 12.3 billion (approximately USD 217 million) compared to a RUB 10.5 billion (approximately USD 185 million) profit in the year-earlier period. For the quarter, the company announced loss narrowed compared to first quarter, reaching RUB 4.2 billion (approximately USD 74 million) against RUB 8.1 billion (approximately USD 143 million).

VTB 24 and Volgograd Region Sign Cooperation Agreement

VTB 24 and Volgograd region, signed a cooperation agreement. The cooperation will focus on the mortgage development and assistance to small businesses. The parties confirmed their interest in the development of a market of modern financial services in the region and discussed a number of matters concerning the relations between the region and the bank. During the meeting with the governor Mikhail Zadornov, President and Chairman of the Board of VTB 24 announced VTB 24's plans to actively develop payroll card programs in the region.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
May 26, 2015
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