VTB

Sberbank and VTB to enter Crimea

Residents of Crimea will be able to receive services in Sberbank and VTB, the Chairman of the State Duma Committee for the Financial Market, Anatoly Aksakov said on the sidelines of the Blockchain and Cryptocurrency Summit - WBCSummit. …

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Russia's Sberbank loses leadership

Sberbank has ceased to be the most reliable bank in Russia, according to Forbes ranking of the 100 most reliable Russian banks of the current year, based on their international ratings. It was bypassed by three credit organizations: Rosbank …

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VTB Bank completes acquisition of stake in Magnit

Russia’s VTB Bank said that it acquired 29.099996% of shares in Magnit through subsidiary VTB Infrastructure Investments LLC. On February 16, VTB spent $2.5 billion on a 29.1% stake in Russian supermarket chain Magnit, …

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VTB Bank CEO gives cbank’s key rate forecast

The key rate of Russia’s central bank may contract to 6–6.75% annually until the end of 2018, CEO of the VTB bank, Andrei Kostin, said on the sidelines of the World Economic Forum in Davos. "If we …

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Kadyrov, Kostin discuss investments in Chechnya

VTB Bank President and Chairman of the Board Andrey Kostin visited Grozny and met with the head of Chechnya Ramzan Kadyrov, Kadyrov wrote on his Instagram page. "During the friendly conversation, …

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 Russia’s average mortgage rate to decline to 10%

The average interest rate on Russian mortgage loans is expected to fall to 10% by the end of the year from around 11% currently, CEO of the country’s second biggest lender VTB Bank, Andrei Kostin, said at a meeting …

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 Azerbaijani President meets VTB Bank President

Azerbaijani President Ilham Aliyev has received the President and Chairman of the Management Board of VTB Bank Andrey Kostin. At the meeting they emphasized the excellent organization of the …

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'People's' bonds becoming popular

For the first day, the Russians bought government federal bonds for individuals - 'people's bonds' - in the amount of 696.8 million rubles, the Russian Ministry of Finance said. "The placed volume is 696,807 million …

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Sberbank becomes most valuable Russian bank

Sberbank became the only Russian brand in the Top100 of the banking rating and the only Russian banking brand in the Brand Finance Global 500, its brand value has increased by 33% over the last year (almost 570 billion rubles).  …

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