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, 2007 according to IFRS (consolidated), its shareholders equity totaled US$15.2 billion, enabling VTB to meet the Basle capital adequacy requirements with a safe margin. The assets of the Bank as of June 30, 2007 amounted up to US$66.2 billion.

A decision to set up a subsidiary bank in Ukraine was made by Vneshtorgbank within its strategy aimed at developing a network of subsidiary lending institutions in the CIS and was based on successful performance of the Bank’s Representative Office in Ukraine. Starting from 2002, VTB has been monitoring the economic potential of Ukraine’s financial industry; analyzing different scenarios to enter its market and reviewing a potential customer base. In 2004, Vneshtorgbank’s Management Board decided to launch a subsidiary bank in Ukraine with a 100% participation in its capital. After the approval by the National Bank of Ukraine, CJSC Vneshtorgbank (Ukraine) was officially registered on the 21st of January 2005.

Authorized capital of Vneshtorgbank (Ukraine) is USD 15 million. At the beginning of 2006, it was increased by USD 35 million to USD 50 million.

In the core of the strategy set by Vneshtorgbank to its subsidiary bank in Ukraine lies its ambition to join the top largest banks of Ukraine in the coming 3 years. Within the same time brackets, outlets of Vneshtorgbank (Ukraine) are expected to start operating in all regions of the country.

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