Constantly developing relationships with financial institutions and servicing current accounts, followed by cross-selling of banking products, represent one of the main aspects of business activity with financial institutions. Now the EUR clearing centre of the second largest Russian banking group, VTB Bank (Europe) SE has achieved a key role with SSIs (Standard Settlement Instructions) in EUR for the largest banks in the RF and CIS. This position includes relationships with about 210 banks with current loro accounts, 22 nostro banks and over 220 other banks with KYC and credit lines in place facilitating cross-selling for CIB, Treasury and Capital Markets products. As a direct member of SWIFT and the European clearing platform TARGET2, and with extensive product experience and a positive track record, VTB Bank (Europe) SE is fully equipped to meet the growing expectations of its clients (both corporates and FIs).

Cash and clearing accounts
Among our core competencies are clearing in EUR for loro banks as well as settlement of payment orders destined for Germany and abroad. Over 200 correspondent banks in Russia and other CIS states use this service. Our service package consists primarily of the management of EUR accounts. Additionally, we can open accounts in the major freely convertible currencies: CHF, GBP, SEK, NOK, DKK, JPY, USD and CNY. We also execute payment orders in RUB, PLN, CZK, CAD, SGD, AUD, AED, BGN, BYN, KZT, TRY and BYR by debiting your EUR account.

One of the important features of our service package is the processing of payment orders without retroactive charges from third-party banks, «Guaranteed OUR». We offer same-day execution of payment orders received before the following cut-off times:

EUR 4:30 p.m. (CET)
USD 5:00 p.m. (CET)
CHF 3:00 p.m. (CET)
GBP 2:30 p.m. (CET)
JPY 5:30 p.m. (CET) one business day prior to value date
CNY 5:30 a.m. (CET) one business day prior to value date
DKK 1:00 p.m. (CET)
SEK 2:30 p.m. (CET)
NOK 1:00 p.m. (CET)

All transactions are executed via the SWIFT network or using the bank’s own electronic banking system. Payment orders can be processed particularly quickly and cost-effectively using straight-through processing (STP).
We offer banks from all countries indirect participation as well as ‘addressable BICs’ in TARGET2 free of charge via a Euro account with us. The only requirement for this is a written order.
Cash and liquidity management
At present, we charge negative credit interest on accounts in EUR, SEK, CHF and DKK according to current market conditions.
For balances on demand held in USD accounts, we pay credit interest depending on the volume of minimum balances held during the month. In most cases, this option is more favorable than short term deposits.
Documentary business, trade finance, syndications
We provide a wide range of documentary products. We confirm sight or deferred payment documentary credits, arrange post financing and issue guarantees or counter-guarantees on behalf of our correspondent banks, either on a covered or non-covered basis, depending on the client's credit rating.

We also offer all common types of financing for import and export transactions, variable and fixed interest loans to our correspondent banks, and participation in syndications on a MLA and single basis, based on extensive experience.
Interbank lending services
Foreign exchange transactions

Cash and clearing accounts

Among our core competencies are clearing in EUR for loro banks as well as settlement of payment orders destined for Germany and abroad. Over 200 correspondent banks in Russia and other CIS states use this service.

Read more

Cash and liquidity management

At present, we charge negative credit interest on accounts in EUR, SEK, CHF and DKK according to current market conditions.

Read more

Documentary business, trade finance, syndications

We provide a wide range of documentary products. We confirm sight or deferred payment documentary credits, arrange post financing and issue guarantees or counter-guarantees on behalf of our correspondent banks, either on a covered or non-covered basis, depending on the client’s credit rating.

Read more

Interbank lending services

We receive deposits in European currencies and in Russian Rubles. In addition to this, we offer interbank loans based on fixed limits or against collateral as well as payment of interest on daily credit balances in banking accounts denominated in European currencies and Russian Rubles.

Foreign exchange transactions

We offer foreign exchange transactions with freely convertible currencies on a spot and forward basis. We also offer foreign exchange, interest rate and cross-currency swaps.

Let's talk
You can contact us on the site
or by e-mail service@vtb.de
Our managers are also ready
to help you by phone
+49 (0) 69 2168-0