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Statement on behalf of VTB Bank (Europe) SE

 

Mar 03, 2022

The goals of VTB Bank (Europe) SE have always been and will continue to be delivering highly qualified services for our clients and their growth, creating additional capitalization for our partners wherever they are located and in whatever area they work.

Like all our domestic and international clients and their communities, we are observing the most recent global developments with great concern.

VTB Bank (Europe) SE established as Societas Europaea domiciled in Frankfurt am Main is subject to EU laws and related banking supervision by the European Central Bank and the German Banking Supervisory Authority (“BaFin”) and as of now is not subject to any sanctions by the European Union and a full member of SWIFT.

Strict compliance with all legal and regulatory requirements at all times, and thus safeguarding the interests of our customers, is at the heart of everything we do. Accordingly, we are in close consultation with BaFin and assessing the impact of the measures taken in response to the situation in Ukraine by the European Union, the United Kingdom, the United States and other national and supra-national organizations and authorities.

Presently, we can assure you that the economic situation of VTB Bank (Europe) SE is stable and the bank is fully operational.