Awards

VTB Bank ranked first in Euromoney’s ‘Best Managed Companies in Central & Eastern Europe’ survey

Sat, 05 May 2012 10:56:21 +0400

VTB Bank has won a headline award in Euromoney’s ‘Best Managed Companies in Central & Eastern Europe’ annual survey for 2012.

The bank has been ranked first in the ‘Most Accessible Senior Management in CEE’ category.

VTB has also been ranked second in the ‘Most Convincing and Coherent Strategy in CEE’s Banking & Finance Sector’ category.

VTB Bank is happy to get top places in such a prestigious ranking with companies being nominated by market analysts at the world’s leading banks and research institutes across the region based on market strength, profitability, growth potential and quality of management and earnings.

RBC names VTB “The Bank of the Year 2011”

Tue, 22 Nov 2011 18:33:04 +0400

On 21 November 2011, Gostiny Dvor hosted the grand award ceremony of the national business contest Company of the Year 2011. VTB Bank won the prize as the Bank of the Year for the second time. The ceremony was attended by representatives of the professional community, business as well as prominent social and political figures of the nation.

Andrey Kostin

VTB Group enjoys record high financial results which illustrate confident business development of the Bank and its subsidiaries

Andrey Kostin,
VTB Bank President and Chairman of the Management Board

The award marks achievements of highly efficient Russian companies which combine stability and rapid development, stick to corporate policy open to foreign investors and operate in compliance with international standards of financial and informational transparency. The main goal of the Company of the Year contest is to create a positive image of Russian business both on domestic market and globally.

The prizewinners are selected by the expert council which includes top managers of leading Russian companies, representatives of political, social and art organizations, as well as heads of mass media companies and large universities.

At the award ceremony Andrey Kostin, VTB Bank President and Chairman of the Management Board, said: “I am glad that the Bank’s activity has received high recognition. This year was very important for us due to a variety of large and significant changes within VTB. In February, a 10% stake in VTB was privatized, generating RUB 95 billion profit for the government. Two new companies, TransCreditBank and Bank of Moscow, joined VTB Group. At the same time, VTB Group enjoys record high financial results which illustrate confident business development of the Bank and its subsidiaries.”

For reference:

Annual national award Company of the Year was established in late 1990s. It has proven to be a public institution which not merely makes an example of best performing companies, but also creates a new image of the Russian business and promotes the latest business ethics standards in the country. The goal of the national award Company of the Year is to attract investments into the Russian economy, help the prizewinners to expand their business, improve their reputation and competitiveness both in Russian and international markets. Since 2002, the award has been given under the auspices of the Ministry of Economic Development and Trade of the Russian Federation and its prizewinners have been granted the status of priority investment projects. The award was established by RosBusinessConsulting group of companies.

Global Finance names VTB Best Sub-Custodian Bank in Russia

Mon, 23 May 2011 16:59:32 +0400

VTB Bank was ranked the “Best Sub-Custodian Banks 2011” in Russia according to Global Finance magazine, a reliable source of news and analysis for the most important financial people in the world. Global Finance editors and reporters, with input from expert sources, selected VTB as the best provider of custody services in Russia to global custodians. Global Finance criteria included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices.

“Sub-custodians play a critical role in safekeeping client assets,” said Joseph Giarraputo, publisher of Global Finance. “We have identified Russian Bank VTB that does the best job of asset servicing and protection in markets around the world.”

VTB Bank receives JP Morgan “Quality Recognition Award”

Mon, 02 Aug 2010 11:10:17 +0400

On 28 July 2010, VTB Bank received an annual JP Morgan Quality Recognition Award for USD settlements as a proof of the Bank’s high efficiency and outstanding performance in 2009. The award was established by JP Morgan Chase Bank N.A., New York.

Also, VTB received an award as a foreign bank that has been annually granted with JP Morgan Quality Recognition Award for 10 years running emphasizing high proficiency and competence of VTB top managers and employees engaged in international settlements.

According to Greg Murray, JP Morgan Executive Director, less then 1% of the company’s customers worldwide meet high criteria set for granting the awards. “It’s a great honor to deal with the customer who has been demonstrating such outstanding results for 10 years”.

VTB’s IR Team recognized one of the best in Russia

Fri, 30 Jul 2010 12:22:23 +0400

VTB Bank and its Investor Relations Team were named among leaders in five nominations of “IR magazine Russia & CIS awards 2010” granted in partnership with Thomson Reuters Extel.

According to the survey conducted among analysts and investors, VTB took the lead in the nomination “Best one on one meetings”. The Bank ranked #2 in nominations “Grand prix for best overall investor relations, large cap”, “Best IR for a corporate transaction” and “Best investor relations by a chairman or CEO”. VTB also ranked #3 in the nomination “Best investor relations website/webcasting”.

The winners of “IR magazine Russia & CIS awards 2010” were chosen on the basis of the independent survey of analysts’ and portfolio managers’ preferences conducted in partnership with Thomson Reuters Extel. The data was collected during the “Extel Pan-European Survey” and additional survey of “Russia IR” held in April-May 2010. More than 400 representatives of the investment community participated in the survey in 2010.

VTB becomes the best Russian bank in trade finance

Tue, 22 Jun 2010 12:21:06 +0400

Trade Finance Magazine has named VTB Bank “the Best Russian Bank in Trade Finance in 2010”. The award was given according to the results of professionals poll.

The company’s activity was highly appraised due to VTB Bank’s primary focus on cooperation with Russian and the CIS financial institutions in 2009-2010, aimed at supporting trade finance operations in the region through guaranteeing payment obligations of Russian and the CIS banks to the developed countries’ banks.

The Bank has been providing further support to bilateral trade between Russia and the CIS, including post-financing to the CIS banks in Russian rubles.

In 2010, VTB conducted the first transactions of corporate customers in the Russian market to finance L/Cs in Yuan. With the high volatility of the market, the transition of foreign companies cooperating with the PRC (a major Russian partner) to settlements in national currencies is extremely topical.

Through a diversified Russian branch network and subsidiary banks within the Group, VTB annually performs over 1500 operations in trade finance by the instructions of corporate customers and financial institutions.

VTB receives JP Morgan award for high-quality USD payment processing

Tue, 07 Jul 2009 15:38:27 +0400

2 July 2009 - VTB Bank received an annual award of JP Morgan Chase Bank, New York for high quality of USD payment processing, thus reflecting the Bank’s seamless and efficient clearing services in 2008.

VTB Bank has repeatedly received this award for the ninth year running which is strong evidence of high qualification and professionalism of its management and staff involved in international payment settlement.

Greg Murray, JP Morgan Executive Director, said that less than 1 percent of JP Morgan customers world-wide can meet the criteria set for this award. “It’s an honor to work with the customer who had been persistently showing such strong performance”, he added.

VTB named the best Russian bank for Investor relation

Fri, 26 Jun 2009 11:01:26 +0400

VTB named the best Russian bank for Investor relation
VTB Bank has been recognized as the best quoted bank in the Russian financial sector based on an evaluation of Investor relations practices according to the Thomson Reuters Extel Survey – Focus Russia 2009.

VTB Senior Vice President Neil Withers said: ”We believe that transparency and good relations with our investors and shareholders is an essential part of good corporate governance and necessary for any public company. In today’s uncertain and volatile financial markets worldwide, maintaining an open and consistent dialogue with all categories of investors is vital. We’re very pleased our IR team’s efforts have been so highly appreciated by the professional investment community”.

Focus Russia 2009, a survey conducted by Thomson Reuters together with the Interfax International Information Group, is part of the Pan-European Thomson Reuters Extel Survey 2009, covering more than 7500 representatives of the European financial market. More than 5000 buy-side investment experts from more than 1400 asset management companies voted in the survey. Deloitte & Touche provided independent control over quality of survey methods and their application.

VTB receives a reward from Bank of New York Mellon

Mon, 30 Mar 2009 00:00:00 +0400

VTB has received a reward from Bank of New York Mellon "In Recognition of Outstanding Payment Formatting and Exceptional STP Rate" for high quality of making payments in US dollars in 2008 and was recognized as one of the world's best clearing correspondent banks.

As a leading Russian bank in foreign trade servicing, with diversified correspondent network, VTB has every opportunity for providing competitive, top-quality settlement services to its customers.

More than once VTB Bank received similar awards from its partners on making payments. Other VTB's major clearing banks such as JP Morgan Chase Bank and Deutsche Bank AG also recognized VTB as one of the best clearing banks among their counteragents.

Global Finance recognizes VTB as the best Russian bank

Fri, 27 Mar 2009 00:00:00 +0400

VTB Bank is ranked number one for Russia in the category "Best Emerging Market Banks in Central and Eastern Europe" in surveys made by Global Finance, a reputable international financial magazine.

Experts' estimates were based on the selection criteria including growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovation in services.

A special survey of the banks in 22 emerging economies will be published in May. The awarding ceremony will be held this autumn in Washington at the regular annual meeting of the International Monetary Fund and the World Bank.

Global Finance has been highly awarding VTB for several years:

In 2008, VTB was rewarded for the most efficient forex trading among Russian banks.
In 2007, the magazine recognized VTB as the best bank in the categories "Best Domestic Bank" and "Best Commercial Bank".
In 2006, Global Finance named VTB the best commercial bank in Russia. Besides, the Bank won the nomination "Best Underwriter in the Russian Market".
In 2005, VTB was recognized as the best commercial bank in Russia and won the nomination "Best Trade Finance Bank in Russia".

For reference:
Global Finance has been published since 1987. It has over 250.000 readers in 108 countries. Among them there are chairmen of the boards of directors, presidents, general and financial directors, managers of funds and other financial institutions responsible for investment and strategic decisions for international corporations and financial institutes. Most of 8.000 key portfolio investors holding over 80% of all assets in professional management read Global Finance.

EBRD recognizes VTB as the most active bank in export finance

Thu, 29 Jan 2009 00:00:00 +0400

The European Bank for Reconstruction and Development (EBRD) has recognized JSC VTB Bank as "The Most Active in Financing of Exports in 2008" for its participation in the EBRD Trade Facilitation Programme (TFP).

The award ceremony took place on 29 January 2009, in London, at the Conference "The Liquidity Crisis and its Impact on Trade Finance" held by the EBRD.

It's not the first time VTB has received similar awards. In 2004, the Bank was recognized as the most active Russian bank in foreign trade financing under the TFP. Later, in 2005, VTB received the award "The Most Active Issuing Bank in Financing Trade with Emerging Nations in Europe, Asia, Africa and the Middle East in 1999-2005", and then - "The Most Active Bank in Financing of Exports in 2006".

VTB Bank was the first Russian bank to join the Trade Facilitation Programme. Under the Programme, the EBRD provides guarantees under VTB financial instruments maturing within 5 years, and extends loans for pre-export and post-import finance for up to 2 years. Over its participation in the Programme, VTB has received from the EBRD loans approximating USD 700 million.

Through its country-wide branch network and its subsidiary banks in Europe and the CIS, VTB annually exercises more than 1,500 transactions in trade finance totaling over USD 2.5 billion.

For reference:
The EBRD`s Trade Facilitation Programme aims to promote foreign trade with central and eastern European countries and the CIS. Through the programme, the EBRD provides guarantees to international confirming banks. In so doing, it takes the political and commercial payment risk of transactions undertaken by issuing banks in the countries, where the EBRD operates. Participation in the programme is of great importance for the banks actively involved in trade finance.

VTB Corporate Magazine wins another award

Mon, 08 Dec 2008 00:00:00 +0400

On 5 December 2008, the 9^th International PROBA-IPRA Golden World Awards Winners were announced. In St. Petersburg. VTB corporate magazine "The Energy of Success" was recognized the best in the Corporate Newsletter category.

Citing Vasily Titov, Deputy Chairman of VTB Management Board, "Customer relationship has always been in the focus of our attention, especially through the corporate communications. Therefore, we are glad to get such a weighty award. We will undoubtedly continue to further promote our corporate editions, hoping to get new awards in future".

PROBA-IPRA GWA is a core professional PR award in Russia.

In 2008, The Energy of Success was also recognized the best corporate newsletter for customers in the 2008 Russian Corporate Press Leader competition. Besides, our magazine was on top of the Best Corporate Solution category at the Silver Threads 2008 competition.

For reference:

The Energy for Success magazine has been published since March 2006. There have already been 18 editions with the circulation of 11,500 copies. VTB magazine is the only corporate newsletter in Russia, which is circulated world-wide. Its geography covers more than 120 Russian cities and 80 countries. The magazine is designed for VTB corporate customers and partners, as well as for economic and political establishment. It is distributed under subscription.

Since 2008, The Energy of Team, a magazine for VTB staff, and The Control Interest, a newsletter for VTB shareholders have also been published.

VTB corporate editions' website is at: www.vtbmagazine.ru

VTB corporate magazine is named 2008 Best Corporate Title for Customers

Tue, 28 Oct 2008 00:00:00 +0400

October 27-29 saw the 5th Anniversary All-Russia Corporate Press Forum, Corpress 2008, with active participation of VTB Bank. The forum featured the 5th annual contest, 2008 Russian Corporate Press Leader, involving more than 50 corporate media.

Energy of Success, VTB's corporate magazine, won the nomination "2008 Best Corporate Title for Customers". The awarding ceremony was conducted by Vitali Rasnitsin, Secretary General of Media Industry Associations Council. The jury noted the invariable high quality of Energy of Success materials, its original design and focus on the most relevant issues.

As Vasily Titov, VTB Deputy Chairman, commented: "We are proud of the progress achieved with Energy of Success, since the magazine received the Best Start award at the contest, 2006 Russian Corporate Press Leader. Only two years later, we are recognized as the best title for corporate customers, our main and the most demanding audience".

For reference:
17 issues of Energy of Success have been published since it first came out in March 2006. The magazine's circulation is 11 500 copies. VTB Magazine is the only corporate title in Russia distributed in more than 120 cities of Russia and 80 countries of the world. The title is addressed to corporate customers, VTB partners, and representatives of economic and political establishment. It is distributed among federal and regional authorities, including the Presidential Executive Office and the Russian Government Office, local authorities, and VTB customer offices in Russia and abroad.
An online version of the magazine is available for the reader's convenience featuring previews of topics to be covered in the next issues, materials from the latest and previous issues, as well as special materials for regular readers, which are not published in the printed format.
In 2008, the Bank launched Energy of the Team, a magazine for its personnel, and Controlling Interest, a newspaper for VTB shareholders.

VTB Bank is awarded by Deutsche Bank AG

Tue, 29 Jul 2008 00:00:00 +0400

On 29 July 2008, VTB Bank received awards from Deutsche Bank AG, Germany, for the quality of arranging payments in 2007 in two currencies -USD dollars and Euros (USD "STP Excellence Award" and EUR "STP Excellence Award").

Wolfgang Wagner, Deutsche Bank AG Managing Director, and Tim Fyfe, Deutsche Bank AG Director, presented the awards to VTB representatives, emphasizing high-profile experience of VTB officers in international settlements.

The awards received are another success of VTB Bank demonstrating high quality of its settlement services and competitiveness in servicing foreign trade payments of customers and correspondent banks.

For over 5 years Deutsche Bank AG has been awarding the best partner banks in the Russian market. The banks may participate in the contest, if their payments through Deutsche Bank AG to correspondent accounts, which do not need manual handling, exceed 85% in Euro account and 95% in USD account.

It is not the first time VTB has got the awards for arranging payments from its partners. Other major clearing banks, such as JP Morgan Chase Bank and Bank of New York repeatedly called VTB one of the best clearing banks among their partner banks.

Yuri Solovyov is among the FN10 top investment bankers of Europe

Wed, 02 Jul 2008 00:00:00 +0400

In the Financial News annual list of the 100 most influential people in the European capital markets, Yuri Soloviev, Head of VTB Group Investment Business, is among the top 10 people in investment banking.

Over the last three months, Financial News canvassed the market for opinion and drew up lists within 10 categories - all nominees had to be based in Europe, and central bankers and those in government were excluded.

Candidates were then marked for influence over their area, leadership within their sector, performance over the past year, and their capacity to shape their business and/or industry over the year to come. The list was then whittled down to 100.

Commenting the event, Andrei Kostin, VTB President and Chairman of the Management Board, said: "We were glad to learn that Yuri Soloviev, head of our investment business, was recognized as one of the ten top investment bankers of Europe. Yuri Soloviev is the only Russian banker whose role, contribution and potential in the European financial markets were marked by FN as outstanding. We are proud of the fact that a team of world-class professionals such as Yuri are working for us, and we are absolutely sure that the success of VTB investment banking is placed in reliable hands".

For reference:
Investment Business, VTB Group (www.vtb.ru) has offices in Moscow, London and Singapore. It focuses on arranging operations in the debt and equity markets, advising its customers on M&A deals in Russia and abroad, developing private investment and asset management.

VTB Bank receives award from JPMorgan Chase for high level of payment execution

Tue, 15 Jan 2008 00:00:00 +0400

JPMorgan Chase Bank N. A. has given VTB Bank "Elite Quality Recognition Award" for its high level of interbank payments in US dollars made over the period from 2000 to 2006.

By this award VTB was again distinguished as one of the best banks among the 600 JPMorgan's correspondents in terms of payment execution quality.

For many years the correspondent banks have recognized VTB's high profile and its leadership positions in providing settlement services to corporates and banks. Wide correspondent network and accounts almost in all foreign currencies allow the Bank to efficiently render highly qualified settlement services to Russian and foreign companies and financial institutions.

VTB Bank receives the highest rating from Global Custodian magazine

Tue, 15 Jan 2008 00:00:00 +0400

VTB Bank announces the Top Rated rating ("the highest rating") assigned by Global Custodian magazine. The annual rating of Global Custodian magazine is made according to the clients' opinion on the quality of services provided by custodians, and is a major source of information used by the clients in choosing the depositary.

Global Custodian has been published since 1989. Now it is one of the most reputable specialized international media on the services in the securities market.

VTB has been participating in the Global Custodian ratings since 2005. In 2006, the Bank received Commended rating. With the rating Top Rated awarded in 2007 the Bank was put on the level with the world leading custodian institutions. Today, VTB is the only Russian banking depositary among its Russian peers to have received the highest rating of the magazine.

VTB Chairman and CEO Andrei Kostin receives the National Order of Merit (Ordre national du Merite)

Wed, 12 Dec 2007 00:00:00 +0400

On 11 December 2007, in the Moscow residence of the French Ambassador the ceremony to award VTB Chairman and CEO Andrei Kostin with the National Order of Merit (Ordre National du Merite) took place. The insignia of the Order was awarded to Andrei Kostin by the French Ambassador to Russia Stanislas de Laboulaye.

"I am thankful to the Government of France for their appreciation of my contribution to stronger partnership relations between our countries and I am also confident of their further successful development" - said Andrei Kostin.

For reference:

The National Order of Merit (Ordre national du Merite) was founded in 1963 to be awarded for distinguished public service achievements, public work, military service and private entrepreneurship. The National Order of Merit (Ordre national du Merite) has three degrees: Knight (chevalier), Officer (officier) and Commander (commandeur) and two titles: Grand Officer (grand officier) and Grand Cross (grand-croix).

VTB Bank is a recognized leader in corporate lending according to Itogi magazine and Fitch rating agency

Thu, 22 Nov 2007 00:00:00 +0400

On 21 November 2007, in Moscow, within the framework of the Banker's Day annual ceremony organized by Itogi magazine together with Fitch rating agency, "Big money" prize was awarded for professional achievements in the sphere of finance. VTB Bank became the winner in the nomination "Bank of the Year in Corporate Lending". Andrei Kostin, VTB Chairman and CEO received the prize on behalf of VTB.

The Banker's day 2007 ceremony was organized together with the Russian Union of Industrialists and Entrepreneurs. The winners were chosen through questioning, where more than 80 heads of financial institutions took part.

At the ceremony of prize awarding Andrei Kostin thanked his colleagues for the recognition of VTB's activity. "Under the current financial market environment, advantages and disadvantages of the companies working in the banking sector are seen more clearly. As for VTB, I am glad that the Bank's activities in 2007 were truly appreciated. Working with corporate customers has traditionally been a priority task for VTB Group. We intend to further maintain our efforts in this sector. I am also pleased that our work in the retail banking was appreciated today. Thus, VTB24 was recognized the best in the sphere of retail services," - said Andrei Kostin.

Among the participants in the ceremony were Aleksei Kudrin, Russian Minister of Finance, Aleksei Ulyukaev, First Deputy Chairman of the Bank of Russia, Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs, and representatives of other ministries and authorities.

VTB recognized as the most Active Bank in Financing Russian Exports in 2006 under EBRD Trade Facilitation Program

Mon, 28 May 2007 00:00:00 +0400

At the Annual meeting and the International Business Forum of the European Bank for Reconstruction and Development (EBRD) held in Kazan, VTB was awarded for participation in EBRD Trade Facilitation Programme and recognized as "The most Active Bank in Financing Russian Exports in 2006".
It is not the first award to be given to VTB by EBRD. Some time earlier, the Bank was named "The most Dynamic Issuing Bank in Trade Financing of Emerging Economies in Europe, Asia, Africa, and Middle East from 1999 to 2005" and "The most Active Bank in Financing Exports under EBRD Programme in 2004".
VTB is a pioneer among Russian banks to be included in EBRD Trade Facilitation Programme (TFP). Under TFP, EBRD acts as a guarantor of VTB liabilities, such as letters of credit and guarantees, for at least 5 years and also provides its customers with financing for pre-export and post-import lending for a 2-year period.
In 2006, within EBRD Programme VTB channeled over USD 130 billion for financing exports from and imports to the Russian Federation by allocating special-purpose loans to Russian businesses engaged in foreign trade.
With its large-scale network including branches throughout Russia and subsidiary banks of the Group in Europe and CIS, VTB annually makes over 700 structured transactions in foreign trade financing totaling over USD 1 billion.

VTB is again the best in two Global Finance nominations

Tue, 24 Apr 2007 00:00:00 +0400

In 2007, Global Finance nominated VTB the Best Domestic Bank and the Best Commercial Bank. Leadership positions won by VTB Group within the Russian banking sector both in terms of corporate, investment and retail banking are identified by such reputable publication for the third year in succession.

The winner was determined based on a comprehensive survey where top research analysts, banking consultants took part and on data supplied by end users, corporate reporting and other competent sources. Criteria for the winners included, inter alia, growth in assets, profitability, geographic reach, strategic relationships, new business development, customer service quality and product innovation.

Global Finance has 50,000 subscribers and over 250,000 readers in more than 158 countries. Appearing on its pages are chief executive officers, presidents, financial directors, treasurers and other professionals involved in investment and strategic business decision-making for global companies and financial institutions. This year, Global Finance marks its 20th anniversary.

Vassily Kirpitchev is accepting the award.

For reference:

In 2006, Global Finance magazine identified VTB as the Best Commercial Bank in Russia and the Best Russian Bank in Underwriting, while in 2005, VTB was the Best Commercial Bank in Russia and the Best Russian Bank in Trade Finance.

VTB is awarded “Master of Brandbuilding 2007"

Fri, 13 Apr 2007 00:00:00 +0400

On 13 April 2007, “Master of Brandbuilding” Award Ceremony took place in Moscow Renaissance hotel. Among the winners was VTB Bank. The award for a successful launch of strategic rebranding program was officially presented to Vassily Titov, Member of the Management Board, Senior Vice President.

«VTB rebranding is of strategic character and is a natural reflection of our current business realities, - said Vassily Titov, - Now all participants in VTB bank group are working under a common brand and within common quality standards. I hope our customers will understand and appreciated the changes made. It is their recognition that will eventually be our true reward”.

Ever year, the award and the honorary title “Master of Brandbuilding” is presented to 10 companies that demonstrated an outstanding success in building and promoting their brands. Moderators of the contest are leading international and Russian branding agencies. A special jury or expert council of the contest consisting of the leading business media, was absolutely independent in nominating candidates for the award - companies that have distinguished themselves in brandbuilding. Among the 2007 experts were heads of such respectable editions as Harvard Business Review, The Moscow Times, Sekret Firmy, Business, Brand-management, Vedomosti, Vzglyad, Kommersant, Advertising Industry, Kompania, Top-Manager, Company Management, Finance, SmartMoney, and Business FM radio station.

Andrei Kostin is named "Person of the Year 2006"

Thu, 01 Mar 2007 00:00:00 +0400

Andrei Kostin, VTB Chairman and CEO, was a nominee candidate in the Banker of the Year category.

The Person of the Year Award goes back to 2001. Among its candidates are people who have distinguished themselves in public, state or commercial spheres and have had a profound impact on the country's life - they are public figures, businessmen, politicians, scientists and people of the arts. The main criteria applied in nominating candidates for the award are: an innovative character of the candidate's activities, his outstanding achievements or prominent personal or professional qualities.

Award candidates are named by a special jury that comprises leading public and state people, heads of leading Russian companies, and representatives of leading mass media.

VTB is awarded for high quality of customer and interbank clearing

Tue, 20 Feb 2007 00:00:00 +0400

On 9 February 2007, VTB was awarded for high quality of customer and interbank clearing in 2005: 2005 Quality Recognition Award U.S. Dollar Clearing MT 103 and 2005 Elite Quality Recognition Award U.S. Dollar Clearing MT 202. Natalia Krupnova. JPMorgan Chase Vice President presented the award.

VTB has been getting such awards for several years running, since 2000. It is a kind of evidence of VTB seamless execution of payment documents, the Bank's compliance with the applicable banking standards, and its capability to process such documents automatically.

VTB is a leading Russian bank custodian among Emerging Market Agent Banks

Mon, 05 Feb 2007 00:00:00 +0400

VTB is the only Russian bank custodian that won “Commended” award in the rating of Emerging Market Agent Banks. In «Safe-keeping», «Cash and Forex» and «Reporting» categories VTB was ranked “Best in Class”, while in “Cross Border” category (services to international investors) the Bank joined the top 5 global custodians together with Unicredit, Deutsche Bank, Citigroup, and ING.

Such results are reflective of VTB leadership position as a Russian bank custodian. The Emerging Market Agent Banks review is published by Global Custodian Magazine (Great Britain), a leading edition specializing in custodial business, its audience consists mainly of professional participants in the global securities market.

VTB gets EuroWeek award

Tue, 23 Jan 2007 00:00:00 +0400

VTB Eurobonds worth RUR 10 billion issued in April 2006 and maturing in 3 years, simultaneously got two awarads from EuroWeek, an international financial weekly.
The issue was recognized Eastern European Financial Institution Bond Deal of the Year 2006, and was also placed 2nd in Overall Emerging Market Deals of the Year.
EuroWeek award winners are named by voting of the leading participants in the global bond markets.
Earlier, International Financial Review called this issue 2006 Best EEMA Deal.

Vneshtorgbank is awarded by the International Financial Review

Fri, 12 Jan 2007 00:00:00 +0400

VTB Eurobonds worth RUR 10 billion issued in April 2006 and maturing in 3 years was named 2006 Best EEMEA Deal by International Financial Review (IFR), a British weekly.

It was the first time in the history of international financial market that Russian Rouble-denominated unsecured Eurobonds were publicly placed. Once again, VTB proved its innovative approach to borrowing in capital markets. The issue was rated at the level of A1/BBB. Never before has Moody's ever awarded A1 to a Eurobond issue, which is one grade higher than the rating of VTB US Dollar denominated Eurobonds.

International Financial Review is one of the most influential and professional information and analytics resources in global financial markets. In 2005, IFT named VTB subordinated 10 year Eurobond issue worth USD 750 million the Best EEMEA Deal.

VTB is the best bank of Russia in Finance Europe Achievement awards 2006

Wed, 10 Jan 2007 00:00:00 +0400

A prestigious journal Finance New Europe has named VTB the best bank of Russia in 2006.

In Finance New Europe (FNA) journal, which is devoted to the world economics, the readers can find the latest news concerning market environment and gain research findings for the most urgent issues. It awards annual prizes to financial leaders in various categories. Finance New Europe`s Achievement Awards are granted to personalities, companies and deals that contributed to the world market development during the year. Winners are selected by a representative jury according to such criteria as openness, financial audit results, growth in market operations, positions in the world ratings, yield, strategic orientation, business development and product innovation. These criteria help to select the winner, who in the view of the leading world companies and services suppliers is the best in terms of conducting business. Final decision is a joint opinion of the leading analysts, consultants, clients, rating agencies etc.

Andrei Kostin is named Banker of the Year by Itogi Magazine and Fitch rating agency

Fri, 01 Dec 2006 00:00:00 +0400

On 30 November 2006, an official ceremony was held in Moscow to announce award winners in the sphere of finance - Banker's Day - 2006.

In the Banker of the Year category the winner was Andrei Kostin, Chairman and CEO of VTB Bank.

This annual award presented by Itogi Magazine together with Fitch Ratings international rating agency is one of the most prestigious in the Russian financial community.
This year, the ceremony was attended by heads of more than 80 major Russian banks, credit institutions of the CIS, leaders of the Bank of Russia, Finance Ministry, Financial Monitoring Federal Service, Financial Market Federal Service, Russian Union of Industrialists and Entrepreneurs, and MICEX, as well as representatives if Russian President Office, and important Russian and foreign mass media.

VTB Corporate Magazine got The Best Start of 2006 Award

Wed, 01 Nov 2006 00:00:00 +0400

VTB Corporate Magazine “Energy of Success” got The Best Start of 2006 Award at the III Annual Contest “Leader of Corporate Press-2006”. About 40 corporate media representatives participated in the contest. Within the All-Russian Forum of corporate press “CorPress-2006”, winners were awarded by Vladimir Zmeyuschenko, Chairman of Russia’s Corporate Media Guild. The Jury of the contest made a note of the high quality of the VTB magazine’s publications and its original design.

Energy of Success has been published since March 2006, and 5 editions have been issued since that. Against the backdrop of its growing population, the circulation of the magazine was increased from 8,500 to 10,000. VTB magazine is the only corporate edition in Russia with a global distribution. Geographically, the magazine covers more than 120 Russian cities and more than 80 countries of the CIS and Europe. Subscription to the magazine implies federal and regional executive bodies, including Russian President Office, Russian Government, local government bodies, VTB customers’ and partners’ offices in Russia and abroad.

In Energy of Success, we do not only tell about our own business, but also show realities both of Russia and of the world. The magazine is a platform for communication and for sharing expertise with our customers and partners. Addressing the magazine audience are heads of large companies, representatives of government bodies, artists and sportsmen.

To make it more comfortable for readers, we have launched an online version of the magazine, where contents of the coming issues are announced, articles from the current and previous issues are available, and there are some dedicated materials for our regular readers, which are not published in the printed format.
Presently, VTB Group is consolidating under a single brand 3 core Russian banks, 7 banks in West European countries, 4 banks in the CIS, and some outlets on the African continents. In light of this, VTB Group development strategy envisages publishing an English version of the magazine.

As Andrei Kostin, VTB Chairman and CEO, and Head of Coordination Board of the magazine said earlier: «Global dimension of VTB Group, which is well known not only in Russia, but also abroad, has become a major driving force behind the decision to start publishing Energy of Success magazine”.

Global Finance recognized VTB Bank No.1

Tue, 26 Sep 2006 00:00:00 +0400

On 18 September 2006, Global Finance held in Singapore an official "Best Emerging Market Banks' Award ceremony. Vneshtorgbank was recognized the best Russian bank for 2006. The award was presented to Yulia Chupina, Senior Vice President, Member of the Management Board.
Every year Global Finance offers ratings for banks, lending and financial institutions that have achieved prominent results in such activities as market leadership, innovation, adherence to long-term development strategy. The feedback is gained from end users, analytics, corporate reporting and other reliable sources.
Global Finance has more about 50 thousand subscribers and 285 thousand readers in more than 170 countries. Addressing the audience from its pages are heads, presidents, financial directors, treasurers, and other specialists engaged in investment activities and strategic decision-making for major global companies and financial institutions. Global Finance findings are used by 8 thousand key portfolio investors who control more than 80% of assets being under professional management.

Vneshtorgbank is awarded by The Bank of New York

Wed, 24 May 2006 00:00:00 +0400

On 18 May 2006, The Bank of New York awarded Vneshtorgbank for high quality execution of outward payments in 2005. The award to VTB representatives was extended by Mr Sergei V. Kotov, VNY Vice President.
Vneshtorgbank has received this award for the several past years running.
Vneshtorgbank is a lead Russian bank in the sphere of foreign trade settlement. Having a wide network of correspondent accounts almost in all foreign currencies, Vneshtorgbank has gained strong competitive advantages and is one of the main international settlement banks for most Russian companies and financial institutions.

Vneshtorgbank is awarded by International Financial Review (Review of the Year 2005)

Fri, 30 Dec 2005 00:00:00 +0400

International Financial Review, a world-recognized professional publication, has chosen Vneshtorgbank's placement of USD 750 mln ten-year subordinated Eurobonds as the best deal of the year 2005 in the EEMEA region.
The issue of Vneshtorgbank's subordinated bonds was the first Russian instrument in kind, with a very favorable placement timing and active secondary market support. It also paved the way for other Russian banks to follow: in 2005 similar deals were executed by Sberbank, Promstroybank (St. Petersburg), the Bank of Moscow, Alfa-Bank and Russian Standard Bank.
Once established, the subordinated debt market in Russia will help robust Russian banks reinforce their competitive advantages to respond to a rather aggressive expansion of western banks into the local markets. Award by International Financial Review is reflective of Vneshtorgbank's high international standing and its huge capacity to further raise finance in international capital markets.

Vneshtorgbank receives EBRD award

Thu, 29 Dec 2005 00:00:00 +0400

Vneshtorgbank has received an award by the European Bank for Reconstruction and Development (EBRD) for the participation in its Trade Facilitation Program as "The Most Active Bank in Financing Trade with the EAAME region in 1999-2005".
Together with Vneshtorgbank such awards were also granted to the leading European banks, such as Deutsche Bank, Commerzbank, ING Bank and Fortis Bank.
It is not the first award given to VTB by EBRD in 2005. This spring, Vneshtorgbank was recognized as the most active Russian bank in financing foreign trade under the Program in 2004.
Vneshtorgbank is the first Russian bank participating in the Trade Facilitation Program, under which EBRD is a guarantor of the leading Russian bank`s liabilities, such as letters of credit and guarantees, for a five year period, and also extends credits for pre-export financing of its customers for up to two years.
Every year, Vneshtorgbank uses more than USD 120 mln from EBRD funds to support Russian export and import of goods and equipment through providing loans to Russian companies.

Vneshtorgbank wins Euromoney award

Mon, 26 Sep 2005 00:00:00 +0400

London, September 24 - Euromoney, a well-known British financial magazine, granted its annual awards. Among the ward winners was Vneshtorgbank who was rated the Best Bank of Russia in 2004 by Euromoney's international experts. The award was received by Vasily Titov, Senior Vice President and Member of the Board.
"Euromoney has always been cautious with state-owned banks. But the fact that Vneshtorgbank has been named "The Best Bank of Russia" is reflective of the Bank's recognized growth dynamics and its rapid business expansion both in Russia and in international markets, which couldn't but be duly appreciated " - said Vasily Titov. "Today few Russian banks can match Vneshtorgbank in the pace of reaching out to new lucrative market segments, as as retail and investment banking ".
According to Euromoney, Vneshtorgbank's solid competitive edge gained in the Russian banking sector will only benefit from the extended network of its subsidiaries and affiliates located in Russia and West Europe, acquisition of Promstroibank and enhancement of high-yielding retail business. "In August, we launched our new retail project - Vneshtorgbank 24, which is broadly in line with our strategic plans and expectations. We are set to turn Vneshtorgbank 24 into a major retail market maker, a leader in mortgage and consume lending, as well as a reliable SME supporter " - said Vasily Titov addressing the award ceremony.
Under the estimates of Euromoney, Vneshtorgbank's strategic plans are destined to materialize due to its unique positioning in the sphere of long-term fund raising in international markets, in such volumes and under such pricing conditions which are still unattainable to most Russian banks. Also, Vasily Titov underlined that "presently Vneshtorgbank is a major Russian institutionalized borrower in international markets, a leader among Russian banks in transborder fund raising who sets benchmarks for other Russian credit institutions".
"The positions gained are not only the reflection of Vneshtorgbank's competitive advantages, but also the result of meticulously planned and seamlessly implemented actions to promote the BTB brand in international markets. Actually, our brand has now become one of the brightest and best-known symbols of the whole Russian financial sector in international markets. This is the way we contribute to the development of the Russian banking system and facilitate its transformation into a sound investment basis for a long-term uprise of the national economy " - Vasily Titov added.

Euromoney recognizes Vneshtorgbank the best Russian bank

Wed, 03 Aug 2005 00:00:00 +0400

Vneshtorgbank received an award from Euromoney, a world-known financial magazine, for 2004 as the best bank of Russia. This award is reflective of the Bank's high ranking by international experts for its grown dynamics, and expanded business both in Russian and international markets.

According to Euromoney, Vneshtorgbank's solid competitive edge gained in the Russian banking sector will only benefit from the extended network of its subsidiaries and affiliated located in Russia and West Europe, acquisition of Promstroibank and enhancement of high-yielding retail business caused by a start of subsidiary retail bank, Vneshtorgbank 24.

Under the estimates of Euromoney, Vneshtorgbank's strategic plans are destined to materialize due to its unique positioning in the sphere of long-term fund raising in international markets, in such volumes and under such pricing conditions which are still unattainable to most Russian banks. While time brackets of most of the deals foreign counterparts sign with Russian financial institutions are under 5 years, Vneshtorgbank can raise funds for the period of up to 30 years. In particular, in June 2005, Vneshtorgbank completed placements of the sixth issue of its Eurobonds worth USD 1 billion. Maturity of the issue, being a record long for Russian financial institutions, is 30 years with an early payment option for bondholders exercisable in 10 years.

Vneshtorgbank received Euromoney award as best financial borrower - Emerging Europe

Fri, 15 Jul 2005 00:00:00 +0400

Euromoney, a well-known British financial magazine, has named Vneshtorgbank best financial borrower - Emerging Europe.

Vneshtorgbank is a recognized leader among Russian credit institutions in the sphere of fund raising in international financial markets. In 2004, Vneshtorgbank's share in the whole external borrowings of the domestic banking system accounted for about 20%. The total amount of the funds raised in international markets over the period reached $2,580 mln.

In 2005, Vneshtorgbank also made some substantial borrowings, among which was a USD 740 mln subordinated loan, which allowed the Bank to considerably enhance its capital base.

Vneshtorgbank plans to enlarge the volume of borrowings in Russian markets as well. The Bank is set to place RUR 30 bln documentary bear bonds in the Russian financial market.

Euromoney award was another proof of Vneshtorgbank's high standing in the global business community and its huge growth potential in raising funds to be channeled into financing Russian economy.

Vneshtorgbank receives EBRD award

Mon, 23 May 2005 00:00:00 +0400

23 May 2005, Belgrade, Serbia and Montenegro - at an annual General meeting of EBRD shareholders, Vneshtorgbank was awarded for its activities within EBRD Trade Facilitation Program.
Vneshtorgbank was recognized Most active Bank in financing exports under the TFP in 2004.
Vneshtorgbank is one the largest Russian banks which services more than 10% of Russia`s foreign trade turnover. The award is a further proof of Vneshtorgbank`s recognition on the international arena.
Vneshtorgbank has gained positive experience in cooperating with EBRD along various business lines, among which are Trade Facilitation and Agriculture Commodity Financing Programs.
Vneshtorgbank was the first Russian bank participating in the EBRD Trade Participation Program under which EBRD acts as a guarantor of VTB liabilities, including its letters of credit and guarantees, and extends credits for pre-export financing VTB customers for a period of up to 2 years.
Overall, participating in various EBRD programs Vneshtorgbank has extended guarantees and loans to Russian exporters and agricultural producers using funds raised from EBRD for the amount exceeding USD 400 million, USD 154.72 million of which were extended in 2004.

Vneshtorgbank becomes a candidate for the annual national award «IT Leader»

Fri, 29 Apr 2005 00:00:00 +0400

On 28 April 2005, the third IT Leader awarding ceremony took place in Moscow. Among candidates for the award was Vneshtorgbank.
Winners are chosen among IT divisions of state authorities, industrial enterprises, finance and telecommunications companies that have succeeded in implementing socially important projects in the sphere of IT development and have contributed to Russia’s development as a leading IT nation. IT Leader award is extended to companies who helped Russia integrate its innovative and economic achievements into the global development process.
About 60 companies were bidding for the award. Winners were selected by a special jury comprising heads of Russian representative offices of the world leading IT companies, representatives of central mass media and heads of core consulting companies, such as Microsoft, Oracle, IBM, HP, Cisco Systems, EMC, Documentum Services CIS, Sun Microsystems, Market-Visio, and IDC.
KPMG, an auditing company, acts as an independent observer for the award.
The winners got the IT Leader prize – a crystal rhombus with silver ornament symbolizing fresh ideas, clear intentions and innovative character.

Vneshtorgbank receives an award from The Bank of New York

Tue, 22 Mar 2005 00:00:00 +0400

On 22 March 2005, The Bank of New York presented Vneshtorgbank with an award as one of the best Russian banks in international clearing.
Mr Eric D. Kamback, an executive vice president of The Bank of New York (BNY), New York, presented Vneshtorgbank (VTB) with an Annual Award for Outstanding Payment Formatting and Straight Through Processing Rate.
Vneshtorgbank is a leading Russian bank in foreign trade settlement. Having a wide network of correspondent accounts almost in all foreign currencies, Vneshtorgbank has gained strong competitive advantages and is one of the leading international settlement banks for many Russian companies and financial institutions.

American Express Bank names Vneshtorgbank Best Bank in Trade Finance and International Settlement

Thu, 03 Mar 2005 00:00:00 +0400

On 3 march 2005, Mr. GB Cagninelli, executive director of American Express Bank (AEB), New-York, presented Vneshtorgbank (VTB) with Certificates of Excellency in the following cooperation spheres:

Trade Finance - for a considerable volume and diversity of instruments applied in foreign trade finance of VTB and AEB customers;
International Settlement - for efficient and fruitful cooperation.

Vneshtorgbank is a leading Russian bank in the sphere of foreign trade settlement. The Bank has been successfully cooperating with foreign export credit agencies and export-import banks, which accept VTB short- and long-term risks.

Having a wide network of correspondent accounts almost in all foreign currencies, VTB has gained strong competitive advantages and is one of the main international settlement banks for most Russian companies and financial institutions.

Vneshtorgbank is the best clearing bank of Russia

Wed, 25 Aug 2004 00:00:00 +0400

JP Morgan Chase Bank has for the fourth time running called Vneshtorgbank the best clearing Russian bank. On 25 August 2004, Peter Vernon, Vice President of JP Morgan Chase Bank, New York, presented JP Morgan Chase Bank award to VTB representatives.

Vneshtorgbank is the only Russian bank that has got the "Quality Recognition Award" for the fourth time running. Among major criteria in selecting a winner were: volume of clearing operations executed through the bank, high professionalism of the bank's personnel, quality of payment documents and their compliance with the recognised banking standards and norms, their correctness and possibility for their automatic processing through computer soft ware.
Addressing the ceremony, VTB representatives placed a special emphasis on a stable and on-going cooperation between the two banks. They said they were absolutely confident that VTB future operations would continue to meet high international standards and all parameters of a safe and highly professional bank of global dimension.

Having a wide network of correspondent accounts almost in all foreign currencies, Vneshtorgbank has gained strong competitive advantages and is one of the main international settlement banks for most Russian financial institutions. As proved in practice, Vneshtorgbank's settlement and clearing system can most efficiently process both foreign currency and Russian Rouble payments, and can fully meet VTB customers' demand.

Vneshtorgbank receives EBRD award

Tue, 20 Apr 2004 00:00:00 +0400

On 19 April 2004, Vneshtorgbank received EBRD award for its participation in the Trade Facilitation Program.
Vneshtorgbank was recognized the Most active Russian bank in intra-regional Trade Finance under the EBRD Program.
The award was presented at the EBRD annual general shareholders' meeting.
Vneshtorgbank is one of the largest Russian banks, serving more that 10% of Russia's foreign trade turnover. The award is a further proof of Vneshtorgbank's recognition on the international arena.
Vneshtorgbank has gained positive experience in cooperating with EBRD along various business lines, including Trade Facilitation and Agriculture Commodity Financing Programs.
Vneshtorgbank was the first Russian bank participating in the EBRD Trade Facilitation Program, under which EBRD acts as a guarantor of VTB liabilities, including its letters of credit and guarantees, and extends credits for pre-export financing VTB customers for the period of up to 3 years.
Overall, participating in various EBRD programs, Vneshtorgbank has extended guarantees and loans to Russian exporters and agricultural producers using EBRD funds for the amount exceeding USD 325 million.

JP Morgan Chase Bank has for the third time running named Vneshtorgbank the best clearing bank of Russia

Mon, 08 Sep 2003 00:00:00 +0400

On 8 September 2003, Kris Meritzis, Vice President of JP Morgan Chase Bank, New York, presented to Yury Vishnyak, head of Vneshtorgbank Corresponded Account, with a JP Morgan Chase Bank award as the best Russian clearing bank.

Vneshtorgbank is the only Russian bank, which for the third time running has been awarded with JP Morgan Chase Bank Quality Recognition Award.
Major criteria in selecting a winner are: volume of clearing transactions executed through the bank, high professionalism of the bank's personnel, quality of payment documents, their compliance with generally accepted banking standards and norms, and also possibility for their automatic processing through computer software.
Addressing the award ceremony, Yury Vishnyak underlined that "such a high appraisal of VTB activities proves that in spite of a considerable increase in correspondent account transactions caused by more active work with corporate customers, banks and individuals, quality of settlement services offered by Vneshtorgbank to its customers continues to be stably high ".

Having a wide network of correspondent accounts almost in all foreign currencies, Vneshtorgbank has gained strong competitive advantages in servicing and settling foreign currency payments, being a major international settlement bank for many Russian banking institutions.

As proved in practice, VTB settlement system can provide efficient foreign currency and Russian Rouble clearing and settlement, which meet both world standards and current demand of VTB customers.

Vneshtorgbank is named a candidate for the Company of the Year award

Sun, 15 Dec 2002 00:00:00 +0400

The Company weekly has named Vneshtorgbank a candidate for the Company of the Year award in the Bank of the Year nomination.

JP Morgan Chase Bank names Vneshtorgbank the best clearing bank of Russia

Mon, 02 Dec 2002 00:00:00 +0400

Vneshtorgbank is the only Russian bank, which for the two times running has been granted JP Morgan Chase Bank award in "Quality Recognition Award" nomination.
Major criteria in selecting a winner are: volume of clearing transactions executed through the bank, high professionalism of the bankв?Ts personnel, and quality of payment documents.

The award was presented by Natalya Krupnova, JP Morgan Chase Bank Vice President.

Addressing the ceremony, Vladimir Solntsev, VTB Vice President, placed a special emphasis on a stable and on-going cooperation between the two banks, and expressed confidence that VTB work will continue to meet high international standards and all parameters of a stable and highly professional bank of global dimension.
The award is another proof of VTB recognition on the international arena as one of the largest and most stable Russian banks. Vneshtorgbank has always met the highest criteria for service quality, especially in international settlement and foreign trade finance.

JP Morgan Chase Bank names Vneshtorgbank the best clearing Russian bank

Mon, 21 Jan 2002 00:00:00 +0400

Vneshtorgbank is the first Russian bank, which has been awarded a Quality Recognition Award of JP Morgan Chase Bank.

Major criteria in selecting a winner are: volume of clearing transactions executed through the bank, quality of payment documents and absence of errors.
Kris Meritzis, Senior Vice President of JP Morgan Chase Bank, presented the award.

Citing Anatoly Chernyshev, VTB Deputy Chairman, the award is another proof of Vneshtorgbank`s international recognition as one of the largest and most stable Russian banks. Vneshtorgbank has always met the highest criteria for service quality, especially in international settlement and foreign trade finance.