Large quantity citizens who are active clients of financial institutions Russian Federation, never cease to ask a question that directly concerns VTB and VTB24, they want to know what is the difference between these two banks? In principle, the question is not as trivial as it might seem at first glance; it requires careful study.

Main differences between banks

Before moving on to a more detailed list of differences that occur in relation to the above financial structures, it is worth drawing the attention of readers to the fact that the definite and most noticeable difference between these banks lies in their names. Here it is worth dispelling the myth that VTB24 originally belonged to PJSC VTB.

VTB24 was opened back in 2000, when the current VTB had its old name - Vneshtorgbank. Only in 2004, the shares of VTB24 Bank were purchased by Vneshtorgbank, but even after both structures could not be called one whole, they were distinguished by conditions and requirements for clients.

1. The ex-Bank of Moscow, also known as VTB24, although it was an independent financial institution, was still a subsidiary of Vneshtorgbank, through which it provided a certain range of services to Russian citizens.
   • The Bank of Moscow had fewer branches and offices.
   • The Bank of Moscow had fewer employees.
   • The Bank of Moscow issued loans, the size of which was much smaller than it could have been when receiving a loan from the former Vneshtorgbank.
2. The circle of persons who could use the services of the above financial structures also have significant features and differences:
   • VTB PJSC provides a wide range of services to individuals, legal entities, representatives of small, medium and big business, has a special platform for investors.
   • In turn, VTB24 had offers only for individuals and representatives of small businesses. The area of ​​investment was also developed.
3. Interest rates on various loans and amounts to be issued, as mentioned earlier, also vary significantly:
   • VTB PJSC could always offer more: reduce the interest rate for regular, salary customers and its employees, issue a loan, the amount of which reaches 5 million rubles, or even more.
   • The former Bank of Moscow, having a lower level of popularity, could not make concessions to citizens, at least regularly. Regarding sums of money to be issued, they could only be large if the potential borrower had collateral or a solid guarantor.

Here it is also worth focusing readers’ attention on the fact that the above information is, of course, based on official statistics and data from official resources of financial institutions. Specific figures, amounts and interest rates It is impossible to indicate, the bank’s management tends to change them very often, therefore, in order not to confuse the reader, only general information was brought to his attention.

Merging process

According to official data, which are published on both official portals of financial institutions, a subsidiary of VTB24 became part of VTB Bank, as a result of which one large-scale financial institution was formed. This happened on January 1, 2018. As part of such an unexpected change in the work of these structures, citizens have the opportunity to use the services and products of the VTB group of companies in a more simplified manner.

1. Increasing the number of branches and offices.
2. Increasing the number of ATMs and terminals, monetary transactions using which can be done without commission.
3. A decrease in the annual interest rate when applying for a variety of loans, which is associated with an increase in the number of clients, which means that the bank’s profitability will increase in any case.
4. Opportunity to obtain loans, the size of which can reach 5 million rubles.

Every potential client will be able to use the bank's services for small, medium and large businesses. Also, along with the merger of structures, the same loans, for example, have changed; clients will be notified about them via SMS notifications.

Composition of VTB Group

Above is a list of the most popular services. So, speaking about whether VTB and VTB24 are different banks or not, we can confidently say that the above institutions are identical. PJSC VTB currently has the following composition.

• insurance company "VTB Insurance";
• platform for investors (buying and selling shares, securities);
• more than 20 banking institutions all over the world.

Despite the fact that there are many commercial banks in Russia, many clients prefer large and proven financial institutions. Among them, VTB and VTB24 often attract attention. Moreover, the majority potential clients They believe that VTB Bank and VTB 24 are one bank, which is a misconception.

About VTB Bank

The history of this organization began back in 1990; it was organized on the initiative of the Ministry of Finance of the RSFSR with the participation of the state central bank RSFSR. Its main goal was to service the foreign economic operations of our country and provide assistance in bringing Russia to the world market. At that time, the organization received the name closed joint stock company"Vneshtorgbank". In 1997, by order of the government, it was reorganized from a closed to an open joint-stock company, the main shareholder of which was the Bank of Russia (or the Central Bank), its share at that time was 96.8%.

During economic crisis In 2004, Vneshtorgbank bought shares of Guta Bank, which could not survive the crisis. At that moment subsidiary received the name Vneshtorgbank Retail Services. This organization specialized in serving individuals and small businesses. While Vneshtorgbank served large businessmen.

In 2006, Vneshtorgbank and Vneshtorgbank Retail Services were renamed VTB and VTB24.

Today VTB is a whole group commercial organizations, and it is owned by the government of our country, its share is 60.9%. Since its existence, the company has acquired shares of some of its commercial counterparts both in Russia and abroad; VTB Bank is present in Ukraine, Belarus, Kazakhstan, Armenia and other CIS countries. In particular, in 2010, the organization acquired almost half, 46.48% of the shares, of the Bank of Moscow, and by the end of 2011, VTB’s share increased to 94.84%, thus, it joined the largest international financial group VTB. By the way, as a result of this merger, VTB Bank is also servicing both large businessmen and private clients.

About VTB24

Let's look at the difference between VTB and VTB 24. VTB24 is a separate commercial bank, part of the VTB financial group. Actually it's separate organization which is engaged in retail banking activities. Currently, it occupies a leading position among commercial banks in Russia and is second only to Sberbank in terms of the volume of loans issued and attraction of deposits.

In addition, VTB24 also has subsidiaries. So, in 2012, the bank bought out the shares of Bezhitsa Bank and created its subsidiary Leto Bank, which later became joint property VTB Group and FSUE Russian Post, it was also named Post Bank. This is a commercial credit and financial organization, its activities are focused on a wide range of consumers, it offers a wide range banking services: savings accounts, bank cards, loans and deposits.

What's the difference

In general, VTB Bank and VTB 24 Bank are different banks. Despite the fact that they are part of the same financial group for each individual financial institution have their own products and services that are different from each other. But they are closely interconnected, because VTB24, namely 100% of its shares belongs to the VTB financial group, and this group with state participation, that is, the government owns 60.9% of the shares.

But if we talk about how VTB 24 differs from VTB, then in the literal sense these organizations have nothing in common. For example, each of them has its own license issued by the Central Bank, respectively, they have different details, each has its own clients, and another organization does not service their accounts.

Please note that each organization has its own management and main office and legal address, both of which are located in Moscow.

If you are interested, are VTB and VTB24 different banks or not? Rest assured, they are different; if you have entered into a service agreement with one organization, then your account will not be serviced by another. But, it is worth noting that if you need to withdraw money from the card, pay a loan or make other settlement transactions, then you can use bank cash desks and self-service devices without commission.

Banks VTB and VTB 24 are among the 5 largest financial institutions in Russia. But not everyone knows what the difference is between VTB and VTB 24 and consider these banks one. In fact, both institutions are part of an international banking group that also includes two more Russian banks, about a dozen foreign, leasing company, insurance, pension fund etc.

History of VTB Bank

In the ranking of the largest banks in Russia, VTB Bank follows immediately after Sberbank (the number is taken into account net assets and volume authorized capital). This is one of the state-owned systemically important banks - more than 60% of the shares are owned by the state, the rest is distributed between enterprises and private investors.

To understand the difference between VTB 24 Bank and VTB Bank, it is necessary to take an excursion into the history of both institutions.

VTB appeared in 1990 on the initiative of the Ministry of Finance of the RSFSR, it was supposed to perform the functions foreign trade. Created as a closed joint-stock company, Vneshtorgbank was transformed into an open joint-stock company in 1998. The Central Bank acquired almost 97% of the shares; in 2002, its share was transferred to the Ministry of Property Relations.

In 2006, during rebranding, Vneshtorgbank acquired its modern abbreviated name - VTB.

In 2007 year VTB was the first among domestic banks to conduct an IPO of its shares; more than 120 thousand Russians became owners of the institution’s securities. In 2011 and 2013, the bank issued additional securities, as a result of which the state’s share decreased to the current 60%.

It is one of the market leaders in terms of the number of affiliated banks.

Major acquisitions:

• 1996 – Gazinvestbank (later transferred to Eurogazinvet);
• 2004 – Guta-Bank (later transformed into VTB 24), Armsberbank (transformed into VTB (Armenia));
• 2005 – PSB (on its basis the North-Western division of VTB was created);
• 2006 – Mriya;
• 2007 – Slavneftebank (transformed into VTB Belarus);
• 2013 – TransCredit Bank (became part of VTB 24);
• 2016 – Leto-Bank (transformed into Pochta-Bank);
• 2016 – Bank of Moscow.

In addition, VTB is actively acquiring foreign banks and transforms them into his own structural divisions. In total, the bank has 34 branches opened in 18 Russian cities, two more branches are located in India and China, and there is a representative office of the bank in Italy.

History of the creation of VTB 24

VTB 24 Bank appeared in 2005 as a subsidiary of VTB. It was created on the basis of Guta-Bank (the current regional Tver Guta-Bank has nothing to do with it) and had the original name Vneshtorgbank Retail Systems. In 2006, it received its modern name.

It should be noted that even its first name emphasized the difference between VTB and VTB 24 - the first served large corporate clients, the second specialized in providing retail services, such as:

• opening a bank account for individuals;
• issuing loans to individuals, individual entrepreneurs and representatives of SMEs;
• participation in mortgage projects;
• accepting deposits from the public;
• implementation of salary projects;
• issue of debit and credit cards.

In a short time, thanks to the support of the parent organization and competent management, VTB 24 took second place in Russia in terms of prevalence after Sberbank (if we evaluate the size of the regional network and the number of working personnel). The bank has more than 1,000 representative offices in 72 regions of the country. In terms of the volume of loans issued and deposits attracted, VTB 24 also ranks 2nd in Russia after Sberbank.

The consolidation of VTB 24 Bank also occurred due to the merger of regional banks; the following were merged with it:

• 2011 - after the liquidation of the North-Western division of VTB, its branch network was transferred to VTB 24,
• 2011 – KIT Finance mortgage package;
• 2012 – Summer Bank;
• 2013 – TranscreditBank.

On the basis of Leto Bank, a subsidiary bank, Post Bank, was created in 2016, 50% plus 1 share belongs to VTB 24, 50% minus 1 share belongs to Russian Post.

The difference between VTB Bank and VTB 24

The difference is VTB banks and VTB 24 is that the main direction of work. The first of them serves representatives of exclusive large businesses, and the second - private clients. VTB Bank is actively involved in investments in the banking sector and real estate, trading securities through the Holding company VTB Capital, provides registrar services.

Thus, what is the difference between VTB and VTB 24 - mainly in the field of activity.

VTB Bank of Moscow

Since 2011, VTB has been actively acquiring shares in the Bank of Moscow; in 2014 it became the owner controlling stake institutions and began the integration process with the aim of developing the retail business. In 2016, the merger was completed, 70% of assets transferred to VTB balance sheet, 30% became the basis of the capital of the new bank - VTB Bank of Moscow.

The difference between VTB 24 and VTB Bank of Moscow is that VTB 24 is a generally independent bank that carries out its own credit and financial policy, while VTB Bank of Moscow is a division of VTB, through which the bank provides retail services to individuals and small businesses. business.

Key areas of VTB Bank of Moscow:

• private lending;
• small business lending;
• deposits;
• settlement- cash service;
• salary cards.

Thus, since 2016, VTB Bank has been providing retail services through VTB Bank of Moscow, generally remaining a bank exclusively for large businesses. VTB 24 still works with the public and businessmen.

Composition of VTB Group

Included banking group VTB includes more than 20 financial companies, including those described above. The difference between VTB Bank and VTB 24 and other banks is that VTB is the parent bank for all of them, it (or its structures) owns from 50% plus one share to 100% of the shares of these institutions.

In addition to these banks, the structure of the group includes organizations of various profiles, for example, non-state pension funds, a leasing company, a processing center (issuing cards), investment groups, management company(sells shares of mutual funds for private investors), etc.

Conclusion

Thus, answering the question of what is the difference between VTB and VTB 24, it can be noted that VTB specializes in servicing exclusively large corporate clients, while the rest of the group’s banks provide retail services to citizens and representatives of medium and small businesses. Since 2016, VTB has expanded its scope of activities; now it conducts retail business through VTB Bank of Moscow, but does not directly provide services to individuals. VTB has a small branch network and operates in more than a dozen countries. VTB 24 is actively represented on Russian market, has more than 1,000 branches throughout Russia, and ranks 2nd after Sberbank in terms of the volume of loans issued and deposits accepted.

VTB24 no longer exists. The subsidiary company VTB24 came under the VTB brand. What do ordinary clients need to know about this association? Read our article.

2018 began with a fairly large merger of VTB and VTB24 banks under the single VTB brand. VTB24 became such only in 2006, was founded on the basis of the former Guta Bank, and has now ceased to exist. VTB was engaged in servicing large businesses and investments, while VTB24 worked with individuals and corporate clients, carried out salary projects, issued loans, etc. The legal merger of VTB and VTB24 took place on January 9, 2018, and full integration will take from one to one and a half years. The head of the VTB Group, Mikhail Zadornov, explains the merger by saving 18 billion rubles, opening new jobs, reducing overall costs, and reducing advertising and marketing expenses. The head of VTB also plans to take part in the preparation of a unified business plan and in working on key aspects of the merger of banks

This is interesting! The monitoring project approved the interconnection program back in 2016, and the final detailed plan was approved in early 2017.

Reasons for the merger of VTB and VTB24

The merger of VTB and VTB24 has become a rather unique and significant event in banking sector. A single brand has united the global business of one of the country’s largest financial companies, whose services will be available to millions of Russians.

VTB Group has set unification as its main strategic goal for 2018. A unified business model is designed to optimize the entire structure of the bank and increase the efficiency of its work - this is done big bet group leadership. The best working practices and corporate cultures will be combined in one bank. The team will consist of leading top managers and specialists, and costs will be reduced by optimizing duplicate functions, combining platforms and capital of regional networks. The group's savings will be activated in order to increase assets and get rid of unprofitable businesses.

At the same time, regional offices and branches of VTB24 have not been closed - they operate as before. More than 1,300 offices across the country have united into a single network, preserving the services and products provided. Only signage and advertising materials are subject to change. The terms and conditions of all existing agreements remain unchanged. The current quality standards of VTB Group will increase the competitiveness of changing products. Thus, customers will see a new bank format with a familiar name.

What will change?

Brand

First of all, the brand has changed. New brand will be called simply “VTB”. All VTB24 signs after New Year's holidays were replaced with new "VTB". The logo has also changed.

Details

All VTB24 clients will face changes to their bank details: BIC, TIN, correspondent account, bank name. These are the bank details. Client account details remain unchanged. New details have been automatically updated in Internet banking and existing templates. When making transfers from other banks, you will have to enter updated details - since July 2018, payments and transfers using old details are no longer carried out.

Legal entities do not need to notify tax service about changing details- the bank itself did it. Individuals remain with the same details.

List of updated details:
OKPO code- 00032520
TIN - 7702070139
Cor. account in the State Bank of Russia for the Central Federal District- 30101810700000000187
BIC - 044525187
OKATO - 40262000000
checkpoint
- 783501001 (by bank location)
- 997950001 (by location of largest taxpayer)
TELEX - 412362 BFTR RU
Teletype - 114624 KRINUM
SPRINTMAIL - PROTOCOL/MOSVTB0/CEA
SWIFT
- VTBRRUMM
- VTBRRUMM SEC
- VTBRRUMMCSD(depository)

Internet banking

VTB24 clients do not need to register again; their Internet bank has only been renamed VTB Online. VTB clients need to register again. This can be done on the official website, or through mobile application, running on Android and iOS platforms. You can register without visiting the bank using your card or account number, following the instructions.

What remains the same?

1. Terms of depositary agreements: existing or renewed contracts remain unchanged - there is no need to re-issue documents. If the client believes that the conditions of the merged bank will be more favorable for him, he can re-register for a new one.
2. Card conditions: All valid cards VTB24 will operate in accordance with the tariffs, and after their expiration, new ones will be issued VTB cards. All bonus programs and the points, miles, etc. accumulated on them will remain the same.
3. Payment of loan obligations: all methods of paying for loans and mortgages remained unchanged; the client can use both the VTB Bank terminal and Internet banking.
4. Operation of branches: All VTB24 branches that have become VTB branches will operate as before; the work schedule can be found at the link.
5. ServiceVIP clients: privileged clients will not face any inconvenience, because the service will take place in the same mode, by the same manager, at the same place. Stability.
6. Internet banking: clients who registered with VTB24-Online will retain their current login and password, which will give them access to personal account in the same volume with the addition of new functions from VTB Bank.
7. Services for legal entities: everything that was available individual entrepreneurs and legal entities before joining, will remain unchanged. In this case, payment templates will change in accordance with the new details - there is no need to change anything manually. There is no need to obtain new electronic keys to access the Internet bank - all old keys remain valid.
8. Hotline numbers: all phones are united hotline, which applied to both banks, remain unchanged:
   - 8-800-100-24-24 - across Russia;
   - 8-495-777-24-24 - for Moscow.
   For privileged clients:
   - 8-800-700-00-24 - across Russia;
   - 8-495-642-88-88 - for Moscow.

Despite statistics that indicate that on the territory of the Russian Federation there are a lot of commercial companies, most clients prefer well-known credit companies. Among these are VTB and VTB24. Some of these clients believe that this is the same bank, which is not correct information.

VTB is a classic example of a commercial services company, most of whose shares are owned by government agencies, namely - 60.9%. This bank is one of the largest in Russia. You can find out what the difference between VTB and VTB 24 is by reading this article.

History of the bank's creation

There is a rating of popular banks in the Russian Federation, which was compiled based on the total percentage of shares and the amount of initial capital. It also includes VTB, which is located next to Sberbank. Sberbank, please note, is one of the banks owned by the state, 60% of the shares of which are owned by it, and the remaining 40% are divided equally between a group of companies and individual investors. To the question: who owns the company, the answer is simple.

For example, at the very beginning of its activities it was registered as a closed joint stock company, but in 1998 its status changed to JSC. Large shareholder became the Central Bank of the Russian Federation, receiving 96.8% of the institution's shares. In 2002, all VTB securities were transferred to the ownership of the Russian Ministry of Property.

In 2006, the organization finally changed its name to VTB. One of the functions was assistance in conducting financial transactions to corporate clients.

Now VTB has a substructure with the correct name “ VTB Capital Holding“, carrying out certain activities in the securities market and among debt obligations, which is also a leader in the number of affiliated banks.

In addition to Russian ones, the company is increasingly buying banks from other countries, turning them into its own branches. The company works with 34 branches that operate in 18 cities of the Russian Federation, the other 2 large branches are located in India and China. A smaller representative office also operates in Italy.

Related article:

Explanation of the abbreviation VTB

History of VTB 24 development

VTB 24 began operating back in 2005, as one of VTB subsidiaries. Guta Bank closed and its infrastructure became the basis for creation of VTB 24.

The original title sounded like " Foreign Trade Bank - Retail Systems". In 2006, the company received its current name.

The main types of activity of VTB 24 are retail operations, for example: cash services for customers, lending to individuals and businesses, offering cash settlement services for commercial representatives, placing personal deposits and servicing salary cards.

In terms of volume of work, VTB 24 is compared with Sberbank, and in terms of volumes of deposits and lending to individuals it ranks second after the same Sberbank, being part of a set of companies that additionally subsidize housing loans.

The gradual expansion of VTB 24, part of VTB, took place with territorial branches, with the help of which we can now answer the question which banks are included in the VTB 24 group, namely:

• 2011 - after the termination of the North-Western substructure of VTB, part of the branch was merged with VTB 24.
• 2011 — KIT Finance.
• 2012 - Summer Bank.
• 2013 – Transcredit-Bank.

On at the moment VTB 24 has a substructure called Leto Bank, which sells a huge amount of credit products, for example: cash loans and registration plastic cards. The conditions offered by Leto-Bank are less favorable, but the percentage of positive decisions is much higher.

VTB and VTB 24: different banks or not?

In general, both banks are different financial institutions, despite the fact that they are together part of the same general bank structure. But everyone has their own types of activities, which each differs from each other.

At the same time, VTB and VTB 24 are interconnected by the fact that 100% shares VTB 24 is owned by a financial group whose offices are located in Moscow.

They also differ in the main functions of their work. VTB provides its services to owners of large businesses, VTB 24 helps carry out financial transactions for its private clients. The elder brother often invests in finance and the real estate market, trading in the securities market with the help of Capital Holding, which helps with registration in such cases.