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VTB Group Banks	VTB Group Financial Companies
JSC VTB Bank	OJSC VTB-Leasing
JSC Bank VTB24	VTB Insurance Ltd.
OJSC Bank VTB North-West	NPF VTB Pension Fund
JSC VTB Bank (Ukraine)	CJSC UDC
CJSC VTB Bank (Belarus)	MultiCarta Ltd.
CJSC VTB Bank (Armenia)	Euroleasing GmbH
JSC VTB Bank (Georgia)
Subsidiary JSC VTB Bank (Kazakhstan)	VTB Capital (Namibia) (Pty) Ltd.
VTB Bank (Deutschland) AG	CJSC VTB-Development
VTB Bank (France) SA	CJSC VTB Debt centre
VTB Bank (Austria) AG	VTB Factoring Ltd
Banco VTB-Africa S.A.
OJSC VTB Bank (Azerbaijan)
Russian Commercial Bank (Cyprus) Ltd.
Vietnam-Russia Joint Venture Bank
VTB Group Investment Business
VTB Capital plc	CJSC VTB Capital
	CJSC VTB Asset Management

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