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

Strong market positions in Russia – a leading, systemically important bank, holds a significant share of the banking system’s total customer accounts and deposits and total assets
Has a large branch network and a broad client base
With an expansive international network, the Group has a unique opportunity to serve Russian clients across the globe
A diversified universal banking business with significant market shares in various segments of the Russian market
Strong relationships with leading Russian companies in key economy industries
Corporate-Investment Business division VTB Capital provides a full range of services in international financial markets
Leading positions in retail banking services, a leader in the market of investment products for individuals
Brand awareness and state interest ensure financial strength and increased customer confidence
Sizeable capital creates potential for sustainable asset growth and enables the Bank to finance large companies
A professional team with a client-oriented approach

Ownership Structure December 2019

Equity capital
Voting rights
Geographical distribution of investors
(% of free float)
Regional distribution
(% of individual shareholder base)

Stock Exchange Listings


Moscow Exchange

Ordinary shares

LEI 253400V1H6ART1UQ0N98

ISIN RU000A0JP5V6

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)

LEI 253400V1H6ART1UQ0N98

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

Total assets, RUB billion
Customer loans, RUB billion
Total liabilities, RUB billion
Customer funding, RUB billion
Operating income before provisionsIndicators for the years of 2015–2018 are presented as published in the IFRS accounts for the relative period with no further adjustments or reclassifications., RUB billion
Net profitIndicators for the years of 2015–2018 are presented as published in the IFRS accounts for the relative period with no further adjustments or reclassifications., RUB billion
Key performance and profitability indicators, %
yoy
2015 2016 2017 2018 2018 2019
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)).