What are the standards of financial reporting at the Bank, and is it audited?
JSC VTB Bank prepares its financial statements in compliance with the Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS). The Bank’s independent auditor examines the annual financial statements according to both RAS and IFRS. Financial Statements are available on JSC VTB Bank’s website in the “For Shareholders and Investors/Information Disclosure” page. Who is the Bank’s independent auditor? The Bank’s current independent auditor appointed by the Annual General Shareholders Meeting is Ernst & Young. How does the Bank disclose the results of its financial activities? Financial statements prepared under IFRS and accounts prepared under RAS are available at www.vtb.ru in Russian, and are also disclosed in press releases. Press releases are posted at www.vtb.ru and distributed among analysts, investors and news agencies. Moreover the Bank organizes conference calls on financial statements prepared under IFRS for the investment community. Does the Bank
