On 07 July 2011, a working group headed by Chaba Zentai, Senior Vice President - Head of Third Corporate Department, in charge of VTB mid-size business and regional development, visited Samara.
During the visit, the group held talks with the Bank’s key customers in the Samara Region, and also held a meeting with heads of 19 VTB branches, where the forthcoming changes in the Bank’s regional network were announced. Thus, four branches are to become operating offices, namely: Blagoveshchensk Branch will become an operating office of Khabarovsk Branch, Saransk Branch – an operating office of Nizhny Novgorod Branch; and branches in Bryansk and Orel – operating offices of VTB Branch in Voronezh.
At the meeting, results of the mid-size business performance for the six months were also announced. Citing Eduard Shumakov, Senior Vice President – Head of Regional Business Division, VTB Bank Loan Portfolio, as of 01 July 2011, in the mid-size business segment, under the RAS, amounted to RUB 75 bln, against RUB 62.6 bln in the same parameter for the past year. In the near future, the Bank is set to increase its RAS mid-size business Loan Portfolio to RUB 102.5 bln by 2011 year-end.