17.07.2008 /Events Andrei Kostin, VTB President and CEO visits Nalchik - The President of the KBR and VTB President and CEO discussed the implementation of the Cooperation Agreement signed between VTB Bank and the Government of the KBR in June 2004. The Agreement is aimed at developing socially important spheres of economy and creating conditions to increase the investment potential of the Republic.

17.07.2008 /Technology Alfa-Bank Launches Factoring Financing Program - Factoring is an effective instrument for large clients as well as small- and medium-sized businesses. It will increase the number of buyers, expand the area of deliveries, boost sales, derive maximum profit from seasonal demand highs and liquidate cash gaps.

17.07.2008 /Who's who “ORGRESBANK” appoints Alexander Kuznetsov new Managing Director - Alexander Kuznetsov will develop Investment Banking, where the Bank intends to significantly enhance its market positions. Specifically, the Bank will focus on arranging various forms of financing for large and largest borrowers (bond issues, syndicated loans), sales of structured products and developing services on the derivative and other segments of financial markets.

17.07.2008 /Who's who Investment business of the VTB Group continues to hire top managers for its team - Elena Khisamova has been appointed as the Head of ECM, Sergey Volk has been appointed a Director of Global Banking and Sergey Baranov has been appointed the Global Head of Business Applications Support and Development.