VTB Group officials have held a regular meeting with minority shareholders in St. Petersburg. The meeting was attended by over 450 holders of the bank’s stock, all eager to hear the bank’s firsthand information, proving that holding these meetings is of great benefit for shareholders.
Representatives from VTB Bank and its subsidiary VTB 24 spoke at the meeting. They involved the minority holders in a discussion of the important aspects of the group’s development. They also presented the group’s financial performance results to the shareholders, reported on the integration progress of the previously acquired TransCreditBank and Bank of Moscow, and discussed the targets for the group’s new retail bank, Leto Bank.
VTB Bank Vice President and the general manager of the VTB operations branch in St. Petersburg Yulia Barinova, informed the shareholders of VTB’s performance results in the Northwestern Federal District: “The bank is not only working devotedly towards the greater prosperity of its customers and shareholders. It is also making efforts to promote the region’s social and economic development by supporting the key local industries such as construction, trade, the defence and nuclear industries, and energy. These policies are priorities of the VTB development strategy.”
The bank’s experts also spoke of VTB’s corporate governance, its stock and dividend policy, and the expansion of its shareholder liaison system. The seminar participants showed particular interest in hearing reports from the VTB 24 Investment Department. Its representatives presented a broad range of broker services and analytical support for the bank’s clients. Stanislav Kleshchov, managing director and chief analyst at the VTB 24 Investment Department, gave a detailed presentation on the Russian and international stock markets.
VTB Group has held seven meetings with shareholders this year, prior to the St. Petersburg event. Similar seminars have been held in Kaliningrad, Yekaterinburg, Moscow, Khabarovsk, Kazan, Rostov on Don and Ufa. The next meeting will be held in Nizhny Novgorod on December 14. Considering the growing popularity of these meetings, they will be continued throughout 2013 as well.
VTB Bank holds regular meetings with its shareholders as part of its Information Transparency Policy. Twenty two meetings were held in 2011, including seminars and open days. More than 25 events are planned for 2012.
These meetings and seminars are aimed at raising shareholders’ awareness of VTB Group’s performance and discussing the most pressing issues with the bank’s management.