OREANDA-NEWS. Within the frameworks of the program of strategic re-branding, Vneshtorgbank and its bank subsidiaries in Russia, CIS countries, the Europe, Asia and Africa with share of participation of the Bank more than 50 % will pass under the uniform brand VTB. Retail business of Vneshtorgbank will be developing in Russia under the brand VTB 24.

For the time being, the structure of VTB Group includes three large system-creating Russian banks (Vneshtorgbank, Vneshtorgbank 24, Promstroybank), 7 banks in the countries of the Western Europe (the Great Britain, France, Austria, Germany, Switzerland, Cyprus, Luxembourg), 4 banks in the CIS countries (VTB-Ukraine, Mriya, Bank VTB (Armenia), the United Georgian Bank, and also divisions on the African continent (joint bank in Angola Banco VTB Africa SA, the joint financial company in Namibia VTB Capital (Namibia) (PTY).

Today VTB Group is the most dynamically developing bank group in Russia and the CIS. For the last three years its share in cumulative assets of the Russian bank system has doubled and reached 9 %. Clients of the Group are 150 thousand companies and more than 1,5 million people.

It is planned to create the matrix model of the management based on unified standards of planning, financial account and reporting, management of assets and liabilities, risks and liquidity within the limits of the Group.