OREANDA-NEWS. February 24, 2012. VTB held a meeting with minority shareholders in Kaliningrad. Approximately 200 minority shareholders participated in the meeting. During the meeting representatives of VTB Bank and VTB24 have discussed the most urgent issues with the shareholders, reported the press-centre of VTB.

The shareholders were informed about the financial results of VTB Group, its shares, rules and regulations of brokerage and custody service, preferential products and services offered to the bank’s shareholders. VTB Bank Vice President Yulia Barinova has informed the shareholders on the bank’s development strategy and on VTB’s performance results in the North-Western federal district, particularly in the Kaliningrad region. Yevgeny Ignatyev, corporate secretary of VTB, has delivered a speech on the functions of the bank’s Supervisory Council.

VTB’s plans on the future buyback of its shares from the minority stakeholders became the central issue of the meeting. Participants of the meeting were provided with the materials regarding that issue.

The shareholders’ meeting in Kaliningrad is a part of the series of regional meetings with VTB shareholders. The next shareholders’ meeting will take place in March in Yekaterinburg.

For reference:
Under the Information Transparency Policy, VTB Bank holds regular meetings with its shareholders. Twenty two meetings were held in 2011, including work-shops and Doors Open days. More than 25 events with shareholders are scheduled for 2012.

Meetings and workshops are organized to enhance shareholders’ awareness of VTB Group’s performance and to discuss most urgent issues with the bank’s management. Such meetings are usually attended by representatives of JSC VTB Bank, VTB24, VTB Insurance, and also by members of JSC VTB Bank Management Board.

There are two VTB branches in the Kaliningrad region. They are managed from the North-Western Regional center of VTB, established at the end of the March, 2011, on the basis of VTB North-West Bank. The regional center is responsible for business development of VTB Group with corporate clients of the whole North-Western region of Russia. The overall amount of selling points, controlled by the North-Western Regional Center, totals 36.