VTB Bank continues to hold shareholder workshops in regions with large concentrations of its stock-owners. Another meeting, organized in cooperation with the Union of Borrowers and Depositors of Russia, took place on 27 October 2011 in Samara. The workshop was attended by more than 100 minority shareholders from the Samara Region.
Olga Spitsyna, acting VTB Samara Branch Manager, gave a welcoming speech, outlining VTB Group performance results and plans in the Samara Region. “VTB Group companies represented in the Samara Region are demonstrating sustainable growth and confident development, which means that we are coping with our tasks to increase capitalization and return on equity for the benefit of our shareholders,” she said.
VTB representatives provided detailed reports on VTB dividend policy, the Bank’s shares, preferential products for shareholders, structure of the Bank’s management bodies and the activity of VTB Bank Supervisory Council. Representatives of VTB24 and VTB Insurance talked about special terms of depository, brokerage and insurance services for VTB shareholders. Besides, Leonid Volkov, member of the Shareholders Consultative Council, reported to minorities on current activities and achievements of the Council.
Vasily Titov, First Deputy Chairman – President of VTB Bank Management Board, took part in the meeting by videoconferencing. He told the shareholders about operating results of various VTB Group business lines and gave an update on the acquisition of the Bank of Moscow. Share price dynamics and 2013 VTB Group Development Strategy were also discussed during the video conference.
We are always trying to create an open and constructive dialog
First Deputy Chairman – President of VTB Bank Management Board
“Realizing our responsibility to shareholders, we are always trying to create an open and constructive dialog. Events like this one definitely contribute to this, as they allow us to discuss any relevant issues related to VTB activity. Today we had our first meeting in Samara but I am sure there will be more to come”, Vasily Titov said.
The next shareholder workshop is scheduled for 18 November 2011 in Stavropol.