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    VTBR   RU000A0JP5V6

VTB BANK

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Bank VTB OAO : VTB consolidates Dynamo Moscow clubs

07/18/2013 | 05:48am EDT

17 July 2013

VTB Bank and Boris Rotenberg's companies have announced the consolidation of the Dynamo Moscow football and hockey clubs. There will be an initial transition period to ensure the maximally efficient and orderly unification of the clubs.

The project aims to ensure that the highest sports achievements are reached and to optimise finances and asset management. According to the parties' agreements and the Dynamo national physical fitness and sport society's recommendations, the decision was made to appoint Mr Rotenberg as the president of FC Dynamo Moscow and to create a special working group to oversee the clubs' consolidation.

Former FC Dynamo Moscow President Gennady Solovyov has been appointed as the united club's first vice president.

"I am sure that the consolidation of the Dynamo Moscow football and hockey clubs will enhance the efficiency of VTB Bank's financial investment in the organisation. It should also help the club to achieve even better sports results, primarily in football," First Deputy President and Chairman of VTB Bank Management Board Vasily Titov said.

For reference:

VTB Bank sponsors the following sports projects: motor sports - general sponsor of the Kamaz Master rally team; basketball - sponsor of the Russian Basketball Federation, general sponsor of the women's team and title sponsor of the VTB United League; volleyball - sponsor of the National Volleyball Federation, general sponsor of the men's team; gymnastics - general sponsor of the Russian Artistic Gymnastics Federation; track and field - official partner of the International Amateur Athletic Federation; football - general sponsor of the FC Dynamo Moscow and Dynamo Moscow Mini-Football Club; ice hockey - general sponsor of Dynamo Moscow Ice Hockey Club.


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Financials
Sales 2022 885 B 14 782 M 14 782 M
Net income 2022 284 B 4 740 M 4 740 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 244 B 4 076 M 4 076 M
Capi. / Sales 2022 0,28x
Capi. / Sales 2023 0,26x
Nbr of Employees 76 333
Free-Float 34,1%
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Andrey Leonidovich Kostin Chairman-Management Board & President
Dmitriy Grigorenko Chairman-Supervisory Board
Artur Matthias Warnig Member-Supervisory Council
Igor Nikolayevich Repin Independent Member-Supervisory Council
Yves-Thibault de Silguy Independent Member-Supervisory Board
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