The following is a brief profile of VTB Bank, India and information on its working.

VTB Bank, India

VTB Bank, formerly known as Vneshtorgbank, is amongst the leading banks of Russia and the largest in terms of authorized capital. It is the government-owned international bank with a presence in 13 countries. VTB is the second largest bank in Russia, with an asset base of more than USD 100 billion. The Government of the Russian Federation is the largest shareholder of the bank with 76% share. It has also been ranked 2nd in terms of assets and equity. Over the years, the VTB group has established itself as the fastest growing banking institution in Russia. Based on the ratings given by the International rating agencies like Moody's Investors Service, Standard & Poor's and Fitch, VTB Bank received the highest possible ratings among the Russian Banks. The bank also has an extensive branch network spread across the Russia with more than 500 outlets and a wide client base representing the entire range of industry and trade.

Key Attributes
The good reputation of VTB has helped it to establish a key position in the banking industry of Russia, as more than 60% of the large-scale companies in Russia, bank with VTB. The bank also has a wide global presence with correspondent bank networks in more than 100 countries, including CIS. The vast network of the branches of bank, its subsidiaries and associated banks is spread over the wide area of Russia, extending from Vladivostok to Kaliningrad.

Presence in India
VTB Bank has been operating in the India through its representative office in Delhi since 2005. VTB opened its branch in New Delhi in 2008 which offers banking services to Russian customers and their Indian partners, both within the existing and scheduled projects.

Products and Services
VTB India offers you assistance in fund based and non fund based advances which include export/import guarantee, documentary credits, packing credit, post- shipment loans, and other corporate banking services. VTB also provides special "Counseling & Professional Services'' to the clients from both Russia and India. Its other services includes bank guarantees, business banking services, foreign trade finance, FOREX banking services and loan services.

Head Office
The Taj Mahal Hotel
Lobby Mezzanine Floor,
No. 1, Mansingh, Road,
New Delhi - 110011