OREANDA-NEWS. July 09, 2010. AS LTB Bank has established correspondent relations with VTB Bank (Austria) AG. Thus we have extended corresponding net for payments in EUR and USD and have offered an opportunity for customers to choose more convenient and quicker payments.

VTB Bank (Austria) AG is included in VTB group – international financial group, which works not only at the markets of Russia and CIS countries but also in Western Europe, Asia and Africa. VTB group is one of the national banking sector leaders in Russia at all bank services segments.

VTB group majority shareholder is the Government of Russian Federation. VTB Bank (Austria) AG is a subsidiary company of VTB group in Austria, which the sole shareholder is OAO VTB Bank (Moscow).