On 13 December, in St.Petersburg, VTB held a meeting between VTB shareholders and representatives of VTB Group. Among participants in the meeting were about 150 minority shareholders living in St.Petersburg and the Leningrad Region.
During the meeting, the shareholders got detailed information about VTB shares, and leaned basics of brokerage and custody services, grace products and services offered to the Bank’s shareholders. The shareholders also heard VTB performance for the nine months of 2011, with the Group income amounting to RUB 72.6 billion and return on equity reaching 16.6%.
We will continue to enhance our business efficiency, capitalization and profitability in the interest of our shareholders
“VTB performance, on the whole, and in the North-West region, in particular, is reflective of the adequacy of the Bank’s development strategy. We will continue to enhance our business efficiency, capitalization and profitability in the interest of our shareholders”, - said General Manager of JSC VTB Bank OPERU Branch in St.Petersburg – Vice President, Yulia Barinova.
Participating in the meeting shareholders could address all the questions they had to representatives of JSC VTB Bank and its subsidiaries: VTB24, VTB Insurance and VTB Registrar. Most pressing issues, including VTB dividend policy and VTB Group development strategy, were discussed in the form of a panel discussion.
The constructive dialogue we have succeeded to launch is sure to lead to much more impressive results as compared to today
head of VTB Shareholders Service
“St.Petersburg is a region of strategic importance for VTB Group, and we are glad to see understanding on the part of our shareholders living in the North-West of Russia. The constructive dialogue we have succeeded to launch is sure to lead to much more impressive results as compared to today” – emphasized Vladimir Hotkin, head of VTB Shareholders Service.
This meeting with VTB Bank minority shareholders in St.Petersburg was the last in the series of actions scheduled by the Shareholders Service for the year 2011. Next year will see more than 25 meetings, work-shops and Doors Open days to be held in the cities and towns of Russia where a significant number of VTB shareholders reside.
Under its Information Transparency Policy, VTB Bank holds regular meetings with its shareholders. Twenty two meetings were held in 2011, including work-shops and Doors Open days. More than 25 actions involving shareholders are scheduled for 2012.
Meetings and work-shops are organized to enhance shareholders’ awareness of VTB Group performance and to discuss most pressing issues with the Bank’s leadership. Such meetings are usually attended by representatives of JSC VTB Bank, VTB24, VTB Insurance, and also by members of JSC VTB Bank Management Board.JSC VTB Bank has opened an Investors Center in St.Petersburg, where about 20 thousand shareholders of JSC VTB Bank reside, and holds there annual shareholders meetings and quarterly Doors Open days