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OJSC Bank VTB North-West

2016-07-25

OJSC VTB Bank North-West is a large commercial bank serving clients in the North-West region of the Russian Federation. The financial institution is part of the VTB holding.

 

History

Bank VTB North-West (eng. VTB NWRC) was founded in 2006, after the acquisition of securities of OJSC PSB by VTB Group. At the meeting of shareholders on September 22, a new strategy was approved, which provided for the reorganization of the financial structure. At the end of 2008, VTB Group bought out the rest of the banks shares (25%) and concentrated in its hands a full package of securities. In the same year, all ATMs of the network came under the control of VTB 24 Bank, which specialized in servicing the retail segment of the banking business.

 

Activities

Today, North-West Bank VTB specializes in providing services primarily for large businesses. Almost the entire network of corporate clients is concentrated in the North-West region of the Russian Federation. A small number of clients are in the Kirov region. The bank serves over a hundred correspondent accounts of financial institutions from the Russian Federation and countries of the near and far abroad. As of 2016, the sales network consists of 29 branches. A feature of a financial institution is the competent diversification of credit assets and client base. The branch "VTB North-West" attracts practically all resources for development, introduction of innovative technologies and new products from the parent bank. The number of employees exceeds 3.5 thousand people. Thanks to its assets, the volume of which is estimated at a quarter of a trillion rubles, the bank has been in the TOP-20 largest credit institutions for many years.

In 2011, the branch "VTB North-West" was reorganized into the North-West Regional Center - North-West Regional Center. The main vector of the centers work is to serve businesses that operate in the following regions: Pskov, Novgorod, Vologda. SZRTS provides services to clients in Karelia, as well as the Kirov region, Kaliningrad, Murmansk and Arkhangelsk.

A wide range of banking instruments allows NWRC to optimally manage the business, taking into account the regional specifics. The number of corporate users of services provided by VTB Bank North-West with a full-fledged service exceeds 40 thousand. The main focus of the financial institution is on large business, providing it with comprehensive solutions regardless of complexity. The banks advantages come down to innovative services, a wide range of products, and an individual approach to each client. The bank offers not only the current service, but also whole complex programs aimed at developing a strategy and organizing partnership programs.

Bank services

Lending is one of the main vectors of the regional financial unit. The bank will provide loans under various programs, for example, for the purchase of current or fixed assets. Federal "North-West Bank VTB" provides funds in national and foreign currencies.

 

Short-term loans

Short-term loans are provided for a period not exceeding one and a half years. Companies are offered a line of credit, which in each case is considered individually and approved by an agreement.

Overdraft. This type of lending also refers to short-term and provides for the financing by the bank of a number of payment documents of the client when there are not enough funds on his accounts. A feature of overdraft lending is the execution of a minimum package of documents, which allows a business to quickly resolve financial issues. In the list of services of "North-West Bank VTB" there is also bill lending.

 

RKO from "Bank VTB North-West"

All banking services are reduced to settlements. If a full range of services is an optional condition, then a business cannot do without money transfers. The Bank offers enterprises and organizations innovative technologies that allow them to achieve high business results. In the list of advantages of the cash management system, which is positioned by the VTB North-West branch, it should be noted:

efficiency. The work of an extensive network of its own branches, as well as cooperation with the largest Russian and foreign banks, allows NWRC to perform settlement and cash services in an accelerated mode. Thanks to this, the business can count on optimization and timely calculations;
quality of service. Interested parties can use the special Client-TeleBank system, which is designed specifically for enterprises and allows you to interact with a financial institution remotely. With the help of the Client-TeleBank system, which is offered by VTB North-West Bank, the process of transferring funds is simplified and its security is increased. In addition, customers have the opportunity to use the information base at any convenient time.
Additional services for cash management are as follows:

conversion operations;
transactions in any currency;
collection;
delivery of clients valuables under protection.

Bank cards for the corporate sector

One of the most relevant solutions aimed at optimizing the costs associated with business activities and business trips is a corporate card. The practice of using corporate cards has been introduced in almost all international companies. Such a banking product is not only convenient, but also prestigious. VTB Bank North-West is an issuer of international format plastic cards.

A corporate payment card allows you to perform a number of financial transactions, namely:

accept funds;
pay expenses on the territory of the Russian Federation and abroad (in foreign currency);
carry out other financial transactions (payment for goods and services, including via the Internet).
North-West Bank VTB issues MasterCard Worldwide and Visa International cards. The card is connected to the Internet banking system, which allows the head of the company to control expenses. There is also an option of SMS-informing about any financial transactions on the account.

Fundraising programs for businesses

A wide range of deposit programs presented by the VTB North-West branch allows you to create a convenient scheme aimed at storing and exaggerating capital. Some of the deposits are focused on capitalization of interest, others provide for quarterly transfers. Some deposits allow you to withdraw part of the amount of money without losing the interest rate.

To open a deposit remotely, you can use the Client-TeleBank system, which becomes available after the conclusion of the relevant agreement.

 

Time deposits: "Overnight"

"Overnight" is an alternative deposit, which is short-term. In fact, the execution of the transaction for the placement of funds takes place for one business day (Friday). On Monday, the client can withdraw money along with interest.

For a business that is focused on getting the maximum income from a cash deposit, VTB North-West Bank offers to use a structured deposit. This form of placing funds in a bank is a combination of an investment solution and a deposit program.

When placing money in the accounts of SZRTS and regularly maintaining a minimum balance, the bank guarantees customers the accrual of certain interest rates, the amount of which depends on a number of criteria. Details are presented on the official website of the bank. Also, within the framework of savings programs, it should be noted the use of promissory notes and certificates of deposit.

 

Acquiring services from SZRTS

VTB Bank North-West has been providing acquiring services for a long time. The ability to pay by credit cards is provided for the 5 largest PSs, including JCB, Diners Club and American Express. Currently, the banks services are used by the largest Russian trade, medical institutions, hotel chains, restaurants and other representatives of large businesses.

Thanks to the service at the SZRC, clients can count on a high speed of transactions. The bank operates through its own processing center located in St. Petersburg. This is an additional plus, guaranteeing prompt payments.

As part of the provision of acquiring solutions, VTB North-West Bank guarantees an individual approach to its customers. Service users can count on changing the tariff plan if the turnover on bank cards increases or, conversely, decreases.

Installation and connection of the system is free of charge. The bank also provides training for cashiers. Payment in favor of the bank is carried out in the form of a commission from the turnover of bank cards.

VTB Bank North-West is a powerful player in the regional market. Serving tens of thousands of companies, the bank expands its influence, increases its assets and demonstrates positive dynamics.