VTB Bank is one of the largest companies listed on the Moscow Exchange by market capitalization. VTB’s shares trade under the ticker VTBR, and are included in a number of Russian and global indices. Inclusion in different stock exchange indices is important for any company, as it reflects the size of the company’s market capitalization, liquidity of the stock and leadership in a particular sector or geography.
VTB’s ordinary shares are constituents of the Moscow Exchange’s major indices, including the MICEX Index and RTS Index. The Moscow Exchange Indices are capitalization-weighted composite indices calculated based on prices of the fifty most liquid Russian stocks of the largest and dynamically developing Russian issuers with economic activities related to the main sectors of the Russian economy presented on the Exchange.
Blue Chips index reflects performance of 15 the most liquid Russian companies shares, including VTB Bank.
The Sector Indices are capitalization-weighted indices calculated based on prices of the most liquid shares of Russian issuers admitted to trading at the Moscow Exchange. Methodology of the Sector Indices implies calculation of the Indices values using both ruble-denominated and dollar-denominated prices. VTB’s ordinary shares are constituents of the MICEX Financials and RTS Finances Index.
Global depositary receipts (GDRs) representing VTB shares trade on the London Stock Exchange (ticker: VTBR LI). The bank’s GDRs are included in the FTSE Russia IOB Index, as well as the FTSE BRIC 50 Index, which tracks 50 major stocks from Brazil, Russia, India and China.
VTB’s GDRs are also included in the MSCI Emerging Markets and MSCI Russia indices. MSCI indices indicate global recognition of a company and help issuers strengthen their positive image among large institutional investors, which rely on the indices when making portfolio allocation decisions. The MSCI Emerging Markets and MSCI Russia indices are MSCI’s two most important indices for Russian companies.
The Vienna Stock Exchange includes VTB’s GDRs in its Russian Depository Index (RDX), which tracks the most liquid depositary receipts traded on the London Stock Exchange representing Russian shares.