Risk management

• Risk Management Policy
• Credit Risk
• Market Risk
• Liquidity Risk
• Operational risk

To ensure stability and efficiency of its activities, the Bank employs a comprehensive Risk Management System (for credit risk, market risk, operational risk and liquidity risk). It is designed to identify, assess and limit risks taken by the Bank, as well as to control their volume and structure.

In terms of organization, the Risk Management System comprises various collegial bodies (the Credit Committee, the Small Credit Committee, the Branch Credit Committees, the Assets and Liabilities Committee) and the Bank's structural units. Taking into account the tasks related to further expansion of VTB Group and organization of Bank's public share market in Russia and abroad, VTB implemented a new risk management organization structure in 2007, envisaging adequate extension of functionality and improvement of key risk management lines. After the reorganization, the Bank created the Risk Department comprising the following structural units:

1. Operating units for principal risks and/or credit procedure functions:
   
   
   • Credit Risk Division;
   • Market and Operational Risk Division;
   • Credit Application Examining Service;
   • Credit and Pledge Operations Division.
2. Consolidated Risk Analysis Division responsible for VTB Group-wide risk management, including implementation of Basel II standards.