Governance Policy of VTB Group

Governance

By 2010, VTB Group had established a strategic holding governance model including: 

  • one strategy for all VTB Group companies;
  • a common brand;
  • centralised financial-efficiency and risk management;
  • unified compliance systems;
  • coordinated planning and reporting processes;
  • a focus on implementing best practices and developing common standards.

Under the current governance system, management procedures fall into two major categories:

  • 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.

VTB Group’s Management Committee operates at Group level. The Committee:

  • 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.

The governance system strategy for 2010–2013 aims to bring the strategy into line with VTB Group’s current objectives, including strengthening the role of product and business lines.

VRB is not a member of VTB Group. However, the Bank may exercise significant influence over its activities due to its large holding of VRB shares.

VTB Group governance aims to leverage the Group’s competitive edge, increase its share of target markets, enhance its performance indicators and strengthen VTB Group’s capitalization.


Contact Information

JSC VTB Bank New Delhi Branch:

+ 91-11-66221000

+ 91-11-66221024


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