VTB: Russia to increase gas supplies to China by 1.5 times
VTB Bank has forecast a significant rise in Russian gas supplies to China by 2030, with total pipeline exports projected to reach 56 billion cubic meters annually.
VTB
VTB CEO predicts key rate cut
VTB CEO Andrey Kostin expects a reduction in Russia's key rate, which currently stands at 18%.
Mir cards may become operational in China
Russian tourists may use Mir payment cards in China soon, with parallel efforts underway to enable QR code-based transactions.
Russian Central Bank's key rate may be reduced by 2% on September 12
The Central Bank will consider lowering the key rate at its September meeting, with a potential decrease of 1 or 2 percent, according to VTB.
VTB launches QR code payment for purchases in Turkey
VTB was the first among Russian banks to launch QR code payments for purchases in Turkey, the bank said on March 12. A buyer may pay for purchases at points of sale throughout the country by pointing the smart phone camera at the QR …
Three banks resume issuing cards to non-residents in Kazakhstan
Three Kazakh banks - Halyk Bank, Kaspi Bank and VTB's subsidiary - have resumed issuing payment cards to non-residents.
VTB branch to open in Tehran
By the end of 2025, the first branch of a Russian bank will open in the capital of Iran, Tehran. VTB will transform its representative office in Iran into a branch. It will support foreign economic activity for Russian and Iranian companies.
VTB bank to open subsidiary in Iran
Russia's VTB bank plans to open a full-fledged subsidiary bank in Iran by the end of 2025, President and Board Chairman Andrei Kostin said. "We are announcing today that we plan to open a bank by the end of this …
Russia to face record key rate hike as ruble tumbles
In 2024, Russia's key interest rate may be raised by two percentage points to 23%, first deputy CEO of VTB Dmitry Pyanov said. "We forecast it will increase in December to 23% and will be maintained …
VTB becomes owner of Otkritie bank
The Bank of Russia withdrew from the capital of Otkritie Bank, 100% of the shares were transferred to VTB, the Bank of Russia announced in a press release on Tuesday. "VTB Bank has fulfilled its obligations to the Bank of Russia by …
Russian Central Bank selling Otkritie to VTB, deal to close by end-2022
The Central Bank of Russia has signed a deal to sell 100% of shares in Otkritie Bank to the VTB Group for 340 billion rubles, the regulator said in a statement. VTB will pay a cash consideration of 233.1 billion rubles plus federal loan …
VTB bank leaving Georgia
VTB plans to maintain its presence in the banking markets of Azerbaijan, Armenia, Belarus, Kazakhstan, China and India, VTB CEO Andrei Kostin told Interfax in an interview. "We are not selling [subsidiary banks] anywhere, with the …
Russia's VTB CEO projects double-digit inflation by end of 2022
Chief Executive Officer of Russia’s second-biggest bank VTB Andrey Kostin projects double-digit inflation in the country by the end of 2022. "There will be double-digit inflation, for sure, we projected that," he said in …
VTB in Azerbaijan connects to Russia’s financial transfer system
Russia’s VTB in Azerbaijan said it will continue to carry out all financial transactions with correspondents in the RF through the Russian equivalent of the SWIFT financial transfer system of the Central Bank of Russia – SPFS. …
Georgia: depositors' interests of sanctioned VTB Bank fully protected
VTB Bank Georgia, which is a part of the Russian VTB Bank Group, is solvent and the interests of its depositors are fully protected amid the sanctions imposed on the Russian financial system by the United States, European Union and various other …
VTB and Aeroflot - Britain imposes sanctions on Russia
All financial assets of the Russian bank VTB are frozen, British Prime Minister Boris Johnson said. In addition to this, UAC, USC, and Rostec were sanctioned along with VTB. Blocking sanctions are also being …
U.S. preparing sanctions on Russia’s Sberbank, VTB
The U.S. is ready to impose sanctions against Russian banks Sberbank and VTB if necessary, a high-ranked representative of the U.S. administration told a briefing on the U.S’ new sanctions imposed against Moscow. "Let me be …
Azerbaijani President meets with VTB chairman in Davos
President of Azerbaijan Ilham Aliyev has embarked on a working visit to the Swiss Confederation to attend the annual meeting of the World Economic Forum, his press service reported. The head of state met with …
Forbes publishes list of best employers in Russia
Forbes magazine has published its top-50 list of best employers in Russia. The top five includes Nornickel, Polyus, Gazprombank, Yandex …
Kostin: lower interest rates 'definite trend' in Russia
VTB chairman Andrey Kostin said at the Eastern Economic Forum in Vladivostok that his bank has learned to raise capital domestically which has helped in times of crises. "There’s quite wide …