25th May 2007 13:19
JSC VTB Bank25 May 2007 The information contained in this announcement is restricted and not forpublication, distribution or release in OR INTO Australia, Canada, Japan or theUnited States of America For Immediate Release May 25, 2007 VTB announces start of dealing in its ordinary shares in Russia JSC VTB Bank ("VTB") today announces that dealing in its ordinary shares on theMICEX and RTS in Moscow, Russia, under the symbol "VTBR" will commence on May28, 2007 following the registration of the placement report with the CBR. Admission of Global Depositary Receipts ("GDRs"), each representing an interestin 2000 ordinary shares, to the Official List of the UK Listing Authority, anddealing of the GDRs on the London Stock Exchange under the symbol "VTBR", tookplace on May 17, 2007. - Ends - Enquiries: VTB Tel: +7 (495) 739 77 99Nataly Loginova e-mail:[email protected] Mokeeva Citigate Dewe Rogerson Tel: +44 20 7638 9571Andrew HeyToby MooreMarina Calero NOTES TO EDITORS About 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. It is the second largest banking group in Russia by assets, total loans andtotal deposits. As of December 31, 2006, the VTB Group had $52,403 million intotal assets and $6,992 million in total equity (including minorities) andgenerated $2,810 million of operating income for the year ended December 31,2006, including $1,745 million of net interest income and $351 million of netfee and commission income, which grew at an annual increase of 92% and 109%,respectively. The VTB Group achieved a record net profit of $1,179 million(including minorities) for the year ended December 31, 2006. VTB was established in 1990 as the Bank for Foreign Trade of the RussianFederation. Since that time, VTB has, through organic expansion and selectedacquisitions, transformed itself into a universal banking group with a strongpresence in Russia and an expanding presence in the CIS and elsewhere. Despite this expansion, the Group's Russian banking business continues torepresent a significant majority of its activities. VTB has four subsidiarybanks in Russia, one subsidiary bank in each of Armenia and Georgia, onesubsidiary bank in Belarus, two subsidiary banks in Ukraine, six subsidiarybanks in Western Europe (in the United Kingdom, France, Austria, Germany, Cyprusand Switzerland) and one subsidiary bank in Angola. VTB also has an associatedbank in each of Luxembourg and Vietnam, as well as representative offices inChina, India, Belarus and Italy and a branch of VTB Europe in Singapore. The VTBGroup recently rebranded the majority of its subsidiaries so that ''VTB'' nowforms part of their names. As of December 31, 2006, the VTB Group operated itsbanking business in Russia through 524 branches (including sub-branches andoutlets). Already an established leader in Russian corporate banking, VTB has recentlyachieved faster than market growth in the attractive Russian retail bankingsector, where it is focused on the growing, higher margin upper mass andaffluent retail customer segments. It increased loans to individuals anddeposits to individuals at 2004-2006 CAGRs of 341% and 86%, respectively, bothat a faster pace than the overall Russian banking sector and than that of othertop Russian banks during the same period. Prior to the Global Offering, the Russian Federation, acting through the FederalProperty Agency, owned 99.9% of VTB's ordinary shares, and continues after theGlobal Offering to be, the controlling shareholder of the VTB Group. The VTB Group has three principal areas of business: • Corporate banking, which provides a broad range of commercial banking services and products, including corporate lending, foreign trade transactions, syndicated loans, deposit and settlement services, as well as custody services to large and medium-sized corporations and financial institutions; • Retail banking, which provides financial services, including deposit accounts, lending and certain ancillary services, to individuals and small-sized corporations; and • Investment banking, which provides debt capital markets underwriting, project financing and advisory services, merger and acquisition financing and advisory services, portfolio management services and also manages the Group's proprietary trading activities. * * * Some of the information in this press release may contain projections or otherforward-looking statements regarding future events or the future financialperformance of VTB. You can identify forward-looking statements by terms such as"expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may"or "might" the negative of such terms or other similar expressions. Thesestatements are only predictions and actual events or results may differmaterially. VTB does not intend to or undertake any obligation to update thesestatements to reflect events and circumstances occurring after the date hereofor to reflect the occurrence of unanticipated events. Many factors could causethe actual results to differ materially from those contained in VTB'sprojections or forward-looking statements, including, among others, generaleconomic conditions, VTB's competitive environment, risks associated withoperating in Russia, rapid technological and market change, and other factorsspecifically related to VTB and its operations. This document does not constitute or form part of any offer or invitation tosell or issue, or any solicitation of any offer to purchase or subscribe for,any shares or other securities of VTB, nor shall any part of it nor the fact ofits distribution form part of or be relied on in connection with any contract orinvestment decision relating thereto, nor does it constitute a recommendationregarding the securities of VTB. This press release is not for distribution, directly or indirectly, in or intothe United States (including its territories and dependencies, any State of theUnited States and the District of Columbia), Australia, Canada, Japan or Russia.This press release is not an offer for sale of any securities in the UnitedStates. Securities may not be offered or sold in the United States absentregistration or an exemption from registration under the U.S. Securities Act of1933. VTB has not registered and does not intend to register any portion of anyoffering of securities in the United States or to conduct a public offering ofany securities in the United States. This communication is directed only at (i) persons who are outside the UnitedKingdom or (ii) persons who have professional experience in matters relating toinvestments falling within Article 19(5) of the Financial Services and MarketsAct 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worthentities, and other persons to whom it may lawfully be communicated, fallingwithin Article 49(2) of the Order (all such persons together being referred toas "relevant persons"). Any investment activity to which this communicationrelates will only be available to and will only be engaged with, relevantpersons. Any person who is not a relevant person should not act or rely on thisdocument or any of its contents. Any offer of securities to the public that may be deemed to be made pursuant tothis communication in any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State,the "Prospectus Directive") is only addressed to qualified investors in thatMember State within the meaning of the Prospectus Directive. Information contained in this document is not an offer, or an invitation to makeoffers, sell, purchase, exchange or transfer any securities in Russia or to orfor the benefit of any Russian person or any person in Russia, and does notconstitute an advertisement of any securities in Russia. The GDRs have not beenand will not be registered in Russia and are not intended for "placement" or "public circulation" in Russia. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
VTBR.L