VTB Capital offers a full range of investment banking products and services to Russian and international clients, focusing on arranging operations in the debt, equity, global commodities markets, developing investment and asset management, advising clients on M&A and ECM deals in Russia and abroad.
VTB Capital, VTB Group’s investment banking business, is the leading international investment bank in Russia.
VTB Capital offers a full range of investment banking products and services relating to, among others, trading operations, debt and equity placements, M&A transactions and consulting services, private equity, asset management, FX and interest-rate products, hedging strategies, and global commodities.
Our flexible business model takes into account the prevailing market conditions and out-of-the box thinking when looking for solutions.
Since 2008, VTB Capital has taken part in more than 1040 ECM and DCM deals, which have attracted in excess of USD 345bn worth of investments into Russia and the CIS.
Any research reports included on this Website (hereafter ‘the reports’) are for information purposes only and do not constitute nor are they intended as an offer or solicitation for the purchase or sale of securities or other financial instruments. Neither the information contained in the reports nor any future information made available with the subject matter contained in the reports will form the basis of any contract. Whilst every care has been taken in preparing the reports, no research analyst, director, officer, employee, agent or adviser of any member of the VTB Group gives or makes any representation, warranty or undertaking, whether express or implied, and accepts no responsibility or liability as to the reliability, accuracy or completeness of the information set out in the reports. Any responsibility or liability for any information contained in the reports is expressly disclaimed. All information contained in the reports is subject to change at any time without notice. No member of the VTB Group has an obligation to update, modify or amend the reports or to otherwise notify a reader thereof in the event that any matter stated in the reports, or any opinion, projection, forecast or estimate set forth in the reports, changes or subsequently becomes inaccurate, or if research on the subject company is withdrawn. Furthermore, past performance is not indicative of future results. The investments and strategies discussed in the reports may not be suitable for all investors or any particular class of investor. Investors should make their own investment decisions using their own independent advisors as they believe necessary and based upon their specific financial situations and investment objectives when investing. Investors should consult their independent advisors if they have any doubts as to the applicability to their business or investment objectives of the information and the strategies discussed in the reports.
In the United Kingdom the reports are approved and/or communicated by VTB Capital plc, a bank authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The reports are intended for those persons that would be classified as eligible counterparties or professional clients under the Financial Conduct Authority’s Conduct of Business rules. The reports have been made publicly available, and as such, constitute an ‘acceptable minor non-monetary benefit’ pursuant to Article 12(2) Commission Delegated Directive (EU) 2017/593 and related regulatory guidance.
In the European Union the reports are intended for persons who are qualified as eligible counterparties or professional clients only and not for distribution to retail clients, as defined by Directive 2014/65/EU. The reports are distributed in the EU by VTB Capital plc. The reports have been made publicly available, and as such, constitute an ‘acceptable minor non-monetary benefit’ pursuant to Article 12(2) Commission Delegated Directive (EU) 2017/593 and related regulatory guidance.
In the United States the reports are available solely for distribution from Xtellus Capital Partners Inc. to U.S. institutional investors pursuant to Rule 15a-6 Securities Exchange Act of 1934.
In Singapore the reports are distributed by VTB Capital plc to accredited investors, expert investors or institutional investors only (as defined in the applicable Singapore laws and regulations and are not intended to be distributed directly or indirectly to any other class of person). Recipients of these reports in Singapore are to contact VTB Capital plc, Singapore branch in respect of any matters arising from, or in connection with, this report. VTB Capital plc, Singapore branch is regulated by the Monetary Authority of Singapore.
In Hong Kong, the reports are distributed by VTB Capital Hong Kong Limited, a licensed corporation (CE Ref: AXF967) licensed by the Hong Kong Securities and Futures Commission to “professional investors” (as defined in the Hong Kong Securities and Futures Ordinance and its subsidiary legislation) only.
In Russia, the reports are approved and/or communicated by JSC VTB Capital, a professional securities market participant regulated by the Central Bank of Russia.
In the Rest of the World, the reports are intended for eligible or professional investors as regulated in the respective jurisdiction.
The reports are being furnished to certain persons as permitted by applicable law, and accordingly may not be reproduced or circulated to any other person without the prior written consent of a member of the VTB Group. Unauthorised use or disclosure of the reports is strictly prohibited. If the reports are obtained by a person who is not considered to be an eligible counterparty or professional investor under applicable local laws in the respective jurisdiction, this person should not review them, should disregard and/or immediately delete them