VTB is a recognized leader of the national financial industry having gained a sustained competitive edge in all segments of the banking market. As of June 30, 2008 according to IFRS (consolidated), its shareholders equity totaled US$17.2 billion, enabling VTB to meet the Basle capital adequacy requirements with a safe margin. The assets of the Bank as of June 30, 2008 amounted up to US$108.8 billion.
In 2007, the "Banker" magazine ranked VTB the 60th among the world's 1000 largest banks in terms of capital.
Presently, the Government of the Russian Federation is a major shareholder of VTB, with its share accounting for 77.5%. During the Bank's IPO made in May 2007, 22.5% of VTB shares were placed among Russian and international investors. The total amount of funds raised approximated USD 8 billion, making VTB's IPO the world's largest public offering in 2007. It also proved to be truly public IPO in the history of the Russian stock market, since it resulted in more than 120 thousand Russians becoming VTB shareholders.
As a result of the IPO, market capitalization of VTB, whose shares are now being traded on the MICEX and RTS, as well as on the London Stock Exchange in the form of Global Depository Receipts, has exceeded USD 35.5 billion. VTB’s authorized capital is presently RUB 67.2 billion.
VTB has further consolidated its leadership in financing the Russian economy. As of June 30, 2008, VTB loans to non-financial companies totaled US$77.6 billion. Among major borrowers of the Bank are enterprises and companies from the fuel and energy sector, machine building and trade, including foreign trade.
International rating agencies Moody's Investors Service, Standard & Poor's and Fitch have traditionally assigned VTB the highest possible rating for Russian banks. Russian rating agencies also award VTB with the highest possible reliability ratings.
Striving to diversify its activity, VTB Group continues to expand the scope of its operations in the Russian market and offers its customers a wide range of banking products and services applicable worldwide.
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