VTB Capital (russian: ВТБ Капитал) is a Russian

investment bank Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is ...

. It is one of the three strategic business arms of

VTB Group VTB Bank (; formerly known as ''Vneshtorgbank'', , lit. 'International Trade Bank') is a Russian majority state-owned bank headquartered in various federal districts of Russia; its legal address is registered in St. Petersburg; as of 2022 ...

, along with the corporate and retail businesses. VTB Capital has been ranked among the top investment banks in Russia, the

CIS Cis or cis- may refer to: Places * Cis, Trentino, in Italy * In Poland: ** Cis, Świętokrzyskie Voivodeship, south-central ** Cis, Warmian-Masurian Voivodeship, north Math, science and biology * cis (mathematics) (cis(''θ'')), a trigonome ...

and

Central and Eastern Europe Central and Eastern Europe is a term encompassing the countries in the Baltics, Central Europe, Eastern Europe and Southeast Europe (mostly the Balkans), usually meaning former communist states from the Eastern Bloc and Warsaw Pact in Europe. ...

regions according to industry league tables, including

Bloomberg Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and ma ...

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational media conglomerate. The company was founded in Toronto, Ontario, Canada, where it is headquartered at the Bay Adelaide Centre. Thomson Reuters was created by the Thomson Corpora ...

and

Dealogic Dealogic is a financial markets platform offering integrated content, analytics, and technology via a service to financial firms. From origination to distribution and investors, the Dealogic platform provides a connection across banking, capita ...

. In 2013, the Dealogic league tables ranked VTB Capital among the top investment banks in terms of deal volumes for M&A,

Debt Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The ...

and

Equity Capital Markets Equity capital is raised in many ways; the major types of equity capital are unlisted equity, listed equity and hybrids. Equity capital market practices traditionally advise on a full range of equity, debt equity-linked, hybrid, asset-backed, cre ...

across the Central and Eastern Europe (CEE), Russia and CIS regions.

History

Created in 2008, the business is headquartered in

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...

with offices in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

Vienna en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST ...

Sofia Sofia ( ; bg, София, Sofiya, ) is the capital and largest city of Bulgaria. It is situated in the Sofia Valley at the foot of the Vitosha mountain in the western parts of the country. The city is built west of the Iskar river, and ha ...

and

Kyiv Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper, Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the List of European cities by populat ...

. To establish VTB Capital, numerous bankers from

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

's Moscow office were hired. In 2015 VTB Capital ranked first in Dealogic's FY 2015 league tables in the Debt and Equity capital markets bookrunners and M&A Advisor categories across Russia and the CIS. In the same year VTB Capital maintained the top position in Dealogic's ranking on the volume of transactions in the Russian

domestic debt In public finance, internal debt or domestic debt is the component of the total government debt in a country that is owed to lenders within the country. Internal government debt is complement is external government debt. The main sources of fun ...

capital market. The company arranged 70 transactions for a total of US $5.447 billion with 25 per cent market share. VTB Capital also ranked first in ECM in Russia and the CIS, having arranged eight transactions, amounting to US $720 million and taking a record 40.8 per cent share of the market. In M&A, VTB Capital was one of the top two leaders in Central and Eastern Europe. The bank also advised on a total of 15 transactions, equivalent to a volume of US $11.33 billion with a Russian market share of 23 per cent.

Management

VTB Capital is led by Alexei Yakovitsky, CEO and Chairman of VTB Capital holding companies Board of Directors.

Activities

Since 2009 VTB Capital has run an annual international investment forum, Russia Calling!, in both London and Moscow. Each month, VTB publishes a Russian Economy Monthly report.

Subsidiaries

In 2018 in response to sanctions imposed by

western countries The Western world, also known as the West, primarily refers to the various nations and states in the regions of Europe, North America, and Oceania.

on a range of state-linked Russian companies a New-York based

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

of VTB Capital in the US was reportedly sold to its management and was renamed into Xtellus Capital Partners in order to continue their work. Following the deal VTB said that there would be no direct VTB Bank presence in the US.

Corporate affairs

Litigation

VTB claimed that Nutritek was fraudulently misrepresenting the value of dairy companies it was selling to another company, Russagroprom LLC. The 2013 decision contributed to the United Kingdom's Supreme Court substantially restating the

English company law The United Kingdom company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary legal ...

position in relation to piercing of the corporate veil.

References

External links

"VTB Bank""VTB Capital""Russia Calling!"
{{Investment banks Banks established in 2008 Russian investment banks Companies based in Moscow