On 1 February 2008, VTB and the Russian Basketball Federation (RBF) signed a Sponsorship Agreement granting the Bank a status of a general sponsor of the National female basketball team.
According to the Agreement, VTB will give sponsorship support to the female team in training for the Olympic Games in Beijing, and also in arranging team's matches and other events held by the RBF.
The Agreement was signed by Vasily Titov, VTB Deputy Chairman, and Sergey Chernov, RBF President. "In October 2007, National female team gained "a pass" to Beijing. We hope, our support will help the basketball team and other sportsmen representing Russia perform well at the Olympic Games", said V.Titov at the signing ceremony.
This Agreement is a new stage of VTB cooperation with the Russian sports society. For several years running, VTB has been successfully maintaining relationship with the Russian Olympic Committee, the Figure Skating Federation of Russia, Federation Internationale de Volleyball (FIVB), the Russian Golf Association, supporting the Russian Boxing Federation, and the Artistic Gymnastics Federation of Russia. VTB is also a sponsor of the leading Russian clubs, in particular, Football Club CSKA.