21 November 2011
On 18 November 2011, a workshop meeting was held with VTB shareholders in Stavropol. The event, organized in cooperation with the Union of Borrowers and Depositors of Russia, was attended by about 100 shareholders.
Representatives of VTB Bank and its subsidiaries, VTB24 and VTB Insurance, as well as Leonid Volkov, member of the Shareholders Consultative Council, spoke to the shareholders. The main discussion topic was the basics of efficient personal finance management in the securities market.
Experts delivered detailed reports on VTB shares and ways to trade them, on the activity of the Shareholders Consultative Council and VTB Group dividend policy. Tatyana Pogorelova, General Manager of VTB Stavropol Branch, told the shareholders about VTB Group results and future plans in the region. She emphasized that in accordance with VTB Group Development Strategy for 2010-2013, ambitious goals are set for Stavropol Branch. “We must, and we will, gradually build up a high-quality customer base. Our major lines are to enhance customer services and improve their quality by optimizing processes. We are focused on developing cross sales and promoting VTB Group products in the Stavropol Region. Eventually, this will improve business ROE in the interest of our shareholders”, she said.
The Bank attaches a
all questions and proposals it
receives, and meetings like today allow
hear everyone’s opinion
Workshop participants were also able to talk directly to Vasily Titov, First Deputy Chairman-President of the Bank, who joined the meeting by videoconferencing. In his answers, Vasily Titov dwelled on the acquisition ofthe Bank of Moscow and key performance indicators of VTB Group.
“Next year, we will continue an active dialog with our minority shareholders. The Bank attaches a lot of importance to all questions and proposals it receives, and meetings like today allow us to hear everyone’s opinion”, Vasily Titov said.
VTB Bank regularly holds meetings with its shareholders in various Russian cities with more than 1000 shareholders. In 2011, such meetings were held in 7 regions of Russia, with at least 8 more scheduled for 2012.