Difference between VTB and VTB 24.

VTB and VTB 24 are among the most famous banking brands in the Russian Federation. What is their activity?

Facts about VTB

VTB is a commercial bank, the shares of which are predominantly owned by the state - by 60.9%. It is one of the largest in the Russian Federation in terms of assets and volumes of authorized capital.

VTB is the successor of the Bank for Foreign Trade or Vneshtorgbank, which was established in 1990 by the State Bank of the RSFSR and the Ministry of Finance of the RSFSR. This organization was created for the purpose of servicing financial transactions related to the foreign economic activity of the RSFSR.

Initially, Vneshtorgbank was registered as a CJSC, but in 1998 it was transformed into an OJSC. Its largest shareholder was the Central Bank of the Russian Federation, which received 96.8% of the bank's shares. In 2002, the securities of Vneshtorgbank were transferred to the possession of the RF Ministry of Property. In 2006, the financial institution was renamed VTB.

The main activity of the bank is servicing corporate clients. VTB has a subsidiary, VTB Capital Holding, which carries out commercial activities in the securities and debt markets.

Facts about VTB 24

VTB 24 is a subsidiary of VTB Bank. Its core business is retail operations. Such as, for example, cash services for citizens, lending to individuals, businesses, providing cash settlement services for commercial enterprises, placing deposits, servicing salary accounts. In terms of network volume, VTB 24 is comparable to the largest bank in the Russian Federation - Sberbank. In terms of deposits and loans to individuals, as well as loans to individuals in the segment of mortgages and car lending, it occupies, according to some analysts, the second position after Sberbank. VTB 24 is one of the largest organizations involved in subsidizing housing loans.

VTB 24 was formed on the basis of the infrastructure of Guta Bank, which was acquired by VTB in 2004 with the assistance of the Central Bank of the Russian Federation. The bank officially started its activity on the market on August 1, 2005. Initially, the institution was called CJSC Vneshtorgbank Retail Services. In 2006, the organization was renamed VTB 24 - simultaneously with the rebranding of VTB.

VTB 24 has a subsidiary structure "Leto Bank", which specializes in the sale of mass credit products, such as cash loans, and draws up plastic cards. The terms offered by this organization are less favorable in terms of interest rates than when contacting VTB 24. But the probability of a positive decision on the application from Leto Bank is higher, and the requirements for the borrower's documents are not so strict.


The main difference between VTB and VTB 24 is in the business segment. VTB specializes in servicing large businesses and investments. It does not have a large network of branches and representative offices. VTB 24 specializes in services provided to citizens and small businesses. It has a large network of branches and representative offices in the Russian Federation.


Having determined what is the difference between VTB and VTB 24, we will display its main criteria in a small table.

What do they have in common?
VTB 24 is a subsidiary of VTB
What is the difference between them?
On the market since 1990On the market since 2005
Specializes in servicing large businessesSpecializes in providing services for individuals, small businesses
Engages in investments, operates in the securities marketProvides loans in various segments, draws plastic cards, places deposits, provides cash settlement services
Does not have a large number of branches and representative officesHas a large number of recognizable offices throughout Russia