- CEO
- Andrey Leonidovich Kostin
- Full Time Employees
- 97,000
- Sector
- Finance
- Industry
- Major banks
- Address
- 43 Vorontsovskaya Street, Building 1 Moscow MC Russian Federation 109147
- IPO Date
- May 28, 2007
- Business
- VTB Bank (Public Joint-Stock Company) (VTBR.ME) operates as Russia's second-largest bank and a key component of the VTB Group, providing a comprehensive range of financial services including corporate and retail lending, transaction management, documentary operations, savings and investment products, custody services, trade and export finance, cash collection, cash desk operations, secure documentation, money orders, payment cards, payment processing, syndication, and anti-money laundering services across all segments of the financial market. Founded in 1990 and headquartered at Degtyarniy Pereulok 11a, Saint Petersburg, Russia, with a mailing address at Vorontsovskaya str. 43, bld. 1, Moscow, the bank maintains an extensive network of over 1,300 branches and 15,000 ATMs in Russia, alongside subsidiaries and operations in CIS countries such as Armenia, Belarus, Kazakhstan, and Azerbaijan; Europe including Austria, Germany, and France; Asia with branches in China, India, and planned expansion in Iran; Africa via Banco VTB Africa in Angola; and the United States. The majority state-owned institution, with over 90% ownership by Russian agencies including the Ministry of Finance and Deposit Insurance Agency, serves corporate, retail, and financial institution clients through more than 20 subsidiaries like VTB Insurance, VTB-Leasing, VTB Factoring, VTB Pension Administrator, and Hals-Development. Recent developments include recording a historic profit of $5.5 billion in 2024 driven by subsidized corporate lending to key sectors and high retail deposit rates; accelerating the full acquisition of Postal Bank (Pochta Bank) from Russian Post by end-2024 to expand its 8.6 million customer base and leverage its nationwide branch network as part of a 2024-2026 retail growth strategy targeting 35 million clients; absorbing RNKB Bank in April 2025, adding 2 million clients primarily in Crimea; launching a secondary public offering in September 2025 of 1.264 billion shares raising $1.02 billion to reduce government ownership to 50% plus one share; expanding in India with a new Connaught Place office, Mumbai branch plans, and online banking rollout; issuing $1.9 billion in green bonds from 2022-2025 for eco-friendly projects; acquiring Agrocomplex Labinski in December 2024; and divesting from shipbuilding assets like United Shipbuilding Corporation in April 2025 to refocus on core banking under Central Bank guidance.