VTB Group’s Structure
Key changes in the structure of VTB Group in 2019
According to VTB Bank’s Development Strategy, one of its key priorities is to strengthen the positions of VTB Group banks in the retail banking market and to attract customer deposits.
In an effort to achieve this, VTB Bank acquired West Siberian Commercial Bank and Sarovbusinessbank in January 2019.
- Sarovbusinessbank is one of the leading banks in the Nizhny Novgorod region. VTB’s acquisition of Sarovbusinessbank enabled the Group to increase its base of active retail clients in the Nizhny Novgorod region (about 183 thousand active retail clients) and to greatly increase its market share in the region in terms of retail deposits and retail lending.
- West Siberian Commercial Bank is one of the leading banks in the Tyumen region and also has a significant presence in the Yamalo-Nenets and Khanty-Mansi autonomous districts (333 thousand active retail clients). With these acquisitions, VTB Group bolstered its branch network in the Nizhny Novgorod and Tyumen regions, its base of salary clients (more than 314 thousand individual salary clients) and its client base among small and medium-sized enterprises (SME) (about 24 thousand SME clients).
VTB Group’s Competitive Advantages
Enable the Group to support and strengthen its market positions
Ownership Structure December 2019
Stock Exchange Listings
VTB Bank shares are included in Moscow Exchange’s Level 1 list and are included in the Moscow Exchange and RTS Index, as well as the Subindex, the MOEX 10 Index, the Broader Market Index, the Finance Index, the RTS Finance Index and the RTS Broad Market Index.
Ordinary shares are also included in the international MSCI Russia Index and the MSCI EM Index.
London Stock Exchange
Global depositary receipts (GDRs)
144A programme ISIN US46630Q1031
RegS programme ISIN US46630Q2021
Each GDR is equivalent to 2 thousand of VTB ordinary shares.
VTB Bank’s GDRs are included in the FTSE All-World Index, FTSE EMEA Index and MVIS Russia Index.
Key Financial Highlights
|Net interest margin (NIM)||2.6||3.7||4.1||3.9||3.7||3.4|
|Net fee and comission margin (NCM)||0.6||0.6||0.8||0.7||0.6||0.7|
|Cost to income ratio (CIR)||53.5||45.8||44.0||40.5||38.3||41.6|
|Cost of risk (CoR)||1.8||1.5||1.6||1.6||1.5||0.9|
|Return on equity (ROE)||0.4||3.6||8.3||12.3||11.9||12.8|
|Return on assets (ROA)||0.0||0.4||0.9||1.3||1.3||1.3|
|Comparable perimeterThe P&L components have been compared with modified financial results for 2018 for purposes of accuracy of the year-on-year analisys (not including operational results of Post Bank, Multicarta, VTB Bank (Ukraine) and VTB Bank (Belgrade)).|