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  • The World Facts

    November, 12 123 banks were already ruined in the USA from the beginning of 2009, in 2008 - 26, in 2007 - only 3.

    September, 24 One of the largest Japanese banks Aiful Corp. to axe almost 2000 jobs (44%).

    June, 23 CEE Banking Sector Report: Total assets in CEE Banking sector grew 25 per cent in 2008 to €1,772 billion.

    May, 13 Citigroup uses almost $45 billion TARP Funds for Loans.

    May, 11 Bank of America is going to sell a 5.8% stake in China Construction Bank Corp. for about $7.3 billion.

    More facts...


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    VTB Bank


    VTB BankVTB Bank (Vneshtorgbank) is a leader in the national banking sector. The Bank holds a sustainable competitive position in all segments of the market. The Russian Government is VTB's major shareholder, with a 77.5% stake.

    The remaining 22.5% of the shares are traded on the RTS and MICEX in Russia, and VTB’s global depositary receipts are traded on the London Stock Exchange. VTB offers a wide range of services in corporate, retail and investment banking in Russia, some other CIS states and a number of countries in Western Europe, Asia and Africa. As of 31 December 2008, VTB was the second largest financial group in Russia by assets (USD 126 billion) and by customer accounts (USD 37.5 billion). VTB Group is among the top three national retail banks with a network of 1020 outlets in Russia and the CIS. In 2008, VTB launched its Investment Banking business – VTB Capital, which operates from Moscow, London and Singapore offices.

    Headquarters:Moscow, Russia
    Address:43 Ul. Vorontsovskaya, Moscow, 109044, Russia
    Telephone: 8 (800) 200-77-99, +7 (495) 739-77-99
    Founded:1990
    Site: www.vtb.com
    ID: 1229. Updated: 19.04.2007

    VTB Bank :: Press Releases

    10.06.2009 Streamlining its operations in Western Europe subsidiaries, JSC VTB Bank has completed the disposal of its 100% holding in Russische Kommerzial Bank AG (Switzerland) to Gazprombank OJSC. The deal was approved by regulatory authorities of Switzerland. More


    Business and Financial News

    
    French Bank to Repay Government Bailout - 14.10.2009
    Crédit Agricole, the French bank, said Wednesday that it would repay the €3 billion of debt the government bought last December, becoming the latest big bank to pay back a bailout.
    Source: New York Times
    Up to 175,000 students still waiting for loans and grants - 09.10.2009
    Up to 175,000 students are still waiting for their loans and grants a week after university courses started, it emerged today.
    Source: Guardian.co.uk
    Card fraud in the UK falls by 23% - 08.10.2009
    The amount of money being lost through card fraud fell by 23% in the first half of the year in the UK, as criminals changed their strategies and prevention measures began to take effect, according to figures published today.
    Source: Guardian.co.uk
    The trend: large banks will acquire smaller banks - 18.09.2009
    KBW Inc., the New York-based boutique that advises financial institutions, expects 500 to 1,000 U.S. banks to fail by 2011, Chief Executive Officer John Duffy said.
    Source: Bloomberg
    Colonial Banc Group declares bankruptcy - 15.08.2009
    Colonial became the largest US bank to fail this year after it was declared bankrupt and had the bulk of its assets taken over by rival BB&T, the government banking insurer said Friday.
    Source: Agence France-Presse
    Fighting economic crisis in U.K. - 27.07.2009
    Current economic difficulties in U.K. were caused by global financial crises and have resulted into the following changes in the country's economy in 2007-2008:
    Source: BanksDaily.com
    The European Central Bank injects €442 billion into banking system - 25.06.2009
    The European Central Bank (ECB) allotted €442 billion to banks for 12 months, the biggest amount it has ever given in a single auction. The amount was more than most economists had expected.
    Source: RTTNews

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