20th Aug 2007 17:14
JSC VTB Bank20 August 2007 20 August 2007 Comment on Exposure to US Mortgage Market In light of the current situation regarding US CDO/sub-prime asset backedsecurities (ABS), Nikolai Tsekhomsky, Member of the Board and CFO of VTB Grouphas made the following statement: "VTB Group has no significant exposure to US sub-prime ABS or any CDO exposurein its investment or trading securities portfolios. There is no impact on thequality of our assets from US mortgage based securities. We are fully committedto executing our strategy by capitalising on the unique strengths of ourbusiness in Russia and focusing on growth in the coming months." -ends- Enquiries: VTB Tel: +7 (495) 739 77 99Nataly Loginova e-mail: [email protected] Mokeeva NOTES TO EDITORSAbout VTB VTB is a leading Russian universal banking group offering a wide range ofbanking services and products across Russia, certain CIS countries and selectedcountries in Western Europe, Asia and Africa. VTB is focused on providingbanking products and services to Russian and CIS clients through its domesticand foreign operations and to foreign clients doing business primarily relatedto, or in, Russia and the CIS through its foreign banking subsidiaries andrepresentative offices. END This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
VTBR.L