one strategy for all VTB Group companies;

a common brand;

centralized financial-efficiency and risk management;

unified compliance systems;

coordinated planning and reporting processes;

a focus on implementing best practices and developing common standards.

Administrative management: managing subsidiaries within VTB Group’s Organizational Structure. This is done by means of corporate governance mechanism, with the parent bank exercising its rights as principal shareholder through representatives appointed to the management bodies of Group subsidiaries;

Functional management: coordination along business lines and support and oversight areas within VTB Group. Functional coordination is an additional governance mechanism for an early-stage expert review of management decisions to achieve the maximum synergies within the Group, to share best practices among Group companies along business lines, and to limit risk exposure. Functional coordination also facilitates knowledge and experience sharing, and allows pooling of available resources for certain projects. It also helps create common standards, principles and limits for certain business lines.

considers strategies for various business lines;

reviews the business plans of VTB Group and its members;

analyzes progress reports on these business plan;

evaluates liquidity and risk;

supervises the implementation of priority projects;

approves standards, approaches and principles for VTB Group’s operations.