VTBR.L Regulatory News (VTBR)

11 Oct 2007 16:47

JSC VTB Bank11 October 2007 11 October 2007 VTB Bank Named as One of the Leaders in Standard & Poor's Transparency andDisclosure Survey In its annual survey of Transparency and Disclosure of the 30 largest Russianbanks Standard & Poor's assigned VTB Bank one of the top rankings. VTB markedlyimproved its transparency, jumping from sixth place last year to second thisyear with a total score of 68% in 2007, up from 61% in 2006. VTB Bank Chairman of the Board and CEO, Andrei Kostin, said: "We are verypleased to be among the leaders for transparency in the Russian banking sector.VTB is striving to improve its transparency and disclosure practices in asustainable way to contribute to the increase of shareholder value." The average level of transparency of Russian banks according to the Standard &Poor's survey increased to 52% in 2007, as compared to 48% in 2006. Additionally29 out of 30 banks improved their scores, according to Standard & Poor's. -ends- Enquiries: VTB Tel: +7 (495) 739 77 99 Nataly Loginova e-mail: InvestorRelations@vtb.ru Elena Ershova Irina Mokeeva NOTES TO EDITORS About VTB VTB is a leading Russian universal banking group offering a wide range ofbanking services and products across Russia, certain CIS countries and selectedcountries in Western Europe, Asia and Africa. VTB is focused on providingbanking products and services to Russian and CIS clients through its domesticand foreign operations and to foreign clients doing business primarily relatedto, or in, Russia and the CIS through its foreign banking subsidiaries andrepresentative offices. END This information is provided by RNS The company news service from the London Stock Exchange