Composition of the Supervisory Council of VTB Bank (Azerbaijan ) has been extended to 7 people. First Deputy President - Chairman of the Board of VTB Bank ( Russia ), Vasily Titov was appointed Chairman of the Supervisory Board. In addition, the Supervisory Board additionally included Museib Aliyev - the representative of the second shareholder of VTB Bank (Azerbaijan) - the company of " Ata-holding ."
The decision to change the composition of the Supervisory Board came from the Shareholders Meeting of VTB Bank (Azerbaijan). The Central Bank of the Republic of Azerbaijan agreed on the appropriate changes.
"Strengthening the Supervisory Board underscores the importance of the Azerbaijan Republic for VTB Group. We set ourselves the task of the subsidiary bank to actively build the business with large, medium and small enterprises, as well as retail clients. Contribute to achieving the goals will also increase the capital of VTB (Azerbaijan), scheduled shareholders," said about the changes in the Supervisory Board Vasily Titov.
JSC VTB Bank (Azerbaijan) is a subsidiary of VTB Bank . The share capital of JSC VTB Bank ( Azerbaijan) is shared between the two major shareholders : VTB Bank ( 51%) and JSC "AtaHolding" ( 49%). JSC VTB Bank (Azerbaijan) provides services to corporate businesses , small businesses and private clients. The bank is now represented by 4 branches and 1 department at Head Office.
JSC VTB Bank and its subsidiary banks and financial institutions ( VTB ) is a leading Russian banking group, offering a wide range of financial and banking services in Russia , the CIS, Western Europe , North America , Asia and Africa.
In Russia, the Group conducts its banking operations through a parent ( VTB ) and five subsidiaries , the largest of which are the VTB 24 Bank of Moscow and "TransCreditBank" . Financial institutions of the Group's subsidiaries provide services in the securities market , insurance services , leasing, factoring or other services of a financial nature .
Outside the Russian banking network of the Group operates through its 15 subsidiaries of credit institutions located in the countries of the CIS (Armenia , Ukraine ( two banks ) , Belarus ( two banks ) , Kazakhstan and Azerbaijan ), Europe (Austria, Cyprus, Germany , France , Great Britain and Serbia) in Georgia, Africa (Angola) , two representative offices located in Italy and China , two VTB branches in China and India as well as across 5 offices VTB Capital in Singapore , Dubai, Sofia , Hong Kong and New York.
As of June 30, 2013 VTB Group is the second largest financial group in Russia by assets ( 8 355.8 billion) and customers ( 4 312.8 billion rubles). VTB's majority shareholder is the Government of the Russian Federation, which represented by the Federal Agency for State Property Management owns 60.9 % of the share capital. -15D -
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