BANK VTB NORTH-WEST

What BANK VTB NORTH-WEST does

Bank VTB North-West is the North-West regional designation of ПАО Банк ВТБ (VTB Bank Public Joint-Stock Company), a state-participating commercial bank publicly listed on the Moscow Exchange under ticker VTBR. The Government of the Russian Federation is the controlling shareholder, and VTB is classified as the second-largest bank in Russia by total assets and the first by charter capital. The bank distributes through approximately 15,000 branches and 17,000 ATMs nationwide, carries investment-grade international ratings of BBB- (S&P) and Baa3 (Moody's), holds the top domestic rating ruAAA from Expert RA, and was included in the Forbes Russia Top 100 Most Reliable Banks (2024).

Name

BANK VTB NORTH-WEST

Legal name

ПАО Банк ВТБ (Bank VTB Public Joint-Stock Company)

Website

https://vtb-sz.ru

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Bank VTB North-West is the North-West regional arm of VTB Bank, Russia's second-largest bank by assets and a state-participating institution, providing settlement accounts, acquiring, salary projects, and business lending to individual entrepreneurs and SMBs across Russia through a 15,000-branch nationwide network and digital platform.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

akta.pro secondary industry

Deposit Operations (Account Maintenance, Fees, Reconciliations) (FSABALAE)

Keywords

• Business banking services
• Settlement account services
• Corporate payment processing
• Merchant acquiring services
• Business lending products

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Settlement and Cash Services (RKO): Monthly account maintenance fees (ranging from RUB 0 to RUB 7,000 depending on tariff and turnover conditions), outgoing payment fees (RUB 34–150 per transaction), cash withdrawal commissions (1.5%–11% depending on amount and tier), cash deposit commissions (0%–1% depending on tier), and personal account transfer fees. This is the primary revenue stream for business banking.
2. Acquiring / Payment processing: VTB provides POS terminal and internet acquiring services for merchant payment acceptance. Commission rates start at 1.6% for trade acquiring. Revenue is generated as a percentage of transaction volume processed through terminals.
3. Currency control and operations: VTB offers currency accounts and currency control services for clients engaged in foreign economic activity. A personal manager assists with currency transaction documentation, compliance monitoring, and contract management. Revenue derived from account maintenance and transaction fees on FX operations.
4. Salary projects and corporate card programs: VTB charges employers a commission for salary project disbursements (1% of payroll fund under the Basic tariff, 0% under Premium). Corporate card maintenance and transaction fees generate additional revenue. Employees receive overdraft facilities on salary cards at individually set rates.
5. Business lending and credit products: VTB provides business loans, credit lines, overdraft facilities, and other lending products to corporate clients. Revenue is generated through interest income on outstanding loan balances.
6. Leasing, factoring, bank guarantees: VTB offers leasing, factoring, and bank guarantee services to business clients. These generate revenue through interest, commissions, and service fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

BANK VTB NORTH-WEST operates as part of VTB Group (ПАО Банк ВТБ), a state-participating Russian commercial bank providing settlement and cash services (RKO) to individual entrepreneurs and legal entities across five tariff tiers. The offering is extended through a bundled suite including acquiring (POS, internet, QR), salary projects, business credit, currency accounts and currency control, factoring, leasing, bank guarantees, online accounting, and business registration support. Services are delivered through a nationwide physical network of 15,000 branches and 17,000 ATMs, the VTB Online internet and mobile banking platform, and dedicated field-based account managers.

Product overview

VTB is a large commercial bank with state participation, the second-largest by assets in the Russian Federation and first by registered capital. It provides a comprehensive banking platform for businesses centered on RKO (расчётно-кассовое обслуживание) — settlement and cash services for ИП and ООО — supported by five multi-tier tariff plans ('На старте', 'Всё по делу', 'Самое важное', 'Всё включено', 'Большие обороты'). The platform extends through digital channels via VTB Online / VTB Business Online (internet and mobile banking) for remote account management, and is complemented by an acquiring suite covering POS terminals (торговый эквайринг), internet (интернет-эквайринг), and QR-code payments (QR-эквайринг) across Visa, MasterCard, China UnionPay, American Express, JCB, and MIR payment networks. Additional modules include business cards (дебетовые/корпоративные карты), a salary project (зарплатный проект), business credit products (кредиты бизнесу), online accounting (онлайн-бухгалтерия), currency accounts with full currency control (валютные счета and валютный контроль), enhanced qualified electronic signature (УКЭП), factoring, leasing, and bank guarantees for government procurement. Account reservation (резервирование расчётного счёта) is available for immediate use within 10 minutes. The bank also supports business registration (регистрация бизнеса) for new entrepreneurs.

Differentiator

Problem solved

Functional benefit

Products and services

• RKO (Расчётно-кассовое обслуживание) — Settlement and Cash Service Settlement and cash service providing business current accounts for individual entrepreneurs and legal entities, with multi-tier tariff plans covering account opening, monthly maintenance, outgoing payments, cash withdrawals, business card cashouts, transfers to individuals, and account deposits.
• Эквайринг ВТБ — Trade and Internet Acquiring Acquiring service enabling merchants to accept card payments via POS terminals (торговый эквайринг), internet acquiring, and QR codes through Visa, MasterCard, China UnionPay, American Express, JCB, and MIR payment networks. Commission rates start at 1.6% for trade acquiring.
• QR-эквайринг ВТБ — QR-code Acquiring QR-code based payment acceptance service allowing customers to pay merchants by scanning a QR code via their bank's mobile app, linked to the Russian Faster Payment System (СБП).
• Бизнес-карты ВТБ — Corporate Business Cards Corporate business cards linked to the business settlement account, supporting Visa and MasterCard international payment systems, with automatic replenishment from the account, additional data protection for online purchases, and worldwide acceptance.
• Зарплатный проект ВТБ — Salary Project Salary project service allowing employers to transfer salaries and social payments to employee cards, with employer commissions of 1% under the Basic tariff and 0% under Premium, and 15-minute fund disbursement.
• Кредиты бизнесу ВТБ — Business Lending Business credit products including loans for working capital, equipment financing, credit lines, overdraft facilities, and other lending products to corporate clients, with interest income generated on outstanding loan balances.
• Онлайн-бухгалтерия ВТБ — Online Accounting Online accounting service integrated with VTB's RKO, enabling tax calculation, payment generation, and submission of reports to tax authorities directly from the internet bank.
• Валютные счета ВТБ — Foreign Currency Accounts Foreign currency account service allowing businesses to hold accounts in foreign currencies (USD, EUR, and other major currencies) with currency control support, accessible via VTB Online or at any branch.
• Валютный контроль ВТБ — Currency Control Service Currency control service with a dedicated personal manager who assists in processing foreign exchange transactions, warns of potential regulatory violations, conducts training sessions, and monitors proper documentation of contracts for businesses engaged in foreign economic activity.
• УКЭП ВТБ — Enhanced Qualified Electronic Signature Enhanced qualified electronic signature (УКЭП) service for businesses, enabling secure digital signing of documents and transactions remotely.
• Факторинг ВТБ — Factoring Factoring service enabling businesses to receive immediate payment for goods or services from VTB while the buyer pays on a deferred schedule, with full document management support.
• Лизинг ВТБ — Leasing Leasing service for businesses to acquire equipment, vehicles, and other assets through financial leasing arrangements with competitive terms.
• Банковская гарантия ВТБ — Bank Guarantees Bank guarantee service for businesses participating in government procurement (44-FZ and 223-FZ) and commercial tenders, providing financial security without collateral or sureties.
• Регистрация бизнеса через ВТБ — Business Registration Service Business registration assistance service for individual entrepreneurs and legal entities, where VTB prepares documents and supports the registration process, including document preparation and filing with tax authorities.
• Интернет-банк ВТБ (VTB Online / VTB Business Online) Internet and mobile banking platform enabling businesses to view operations and cash flow, place deposits at elevated rates, make intra-bank and inter-bank payments, repeat payments from operation history, find nearest ATMs or offices, and chat with the bank; available as web and mobile app, free for all tariffs.

Quantifiable outcome

• Second largest bank in Russia by assets; first by authorized capital
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Visa InternationalcoreTechnology or IntegrationVTB is a partner with Visa for issuing corporate cards and processing card payments. VTB issues corporate cards on the Visa International payment system, which are linked to business settlement accounts and provide automatic replenishment from the account, additional data protection for online purchases, and worldwide acceptance.
• MasterCard WorldwidecoreTechnology or IntegrationVTB is a partner with MasterCard for issuing corporate cards and processing card payments. Corporate cards are issued on MasterCard payment system with automatic account replenishment and global acceptance.
• China UnionPaycoreTechnology or IntegrationVTB accepts China UnionPay cards at merchant terminals as part of its acquiring services, enabling Chinese cardholders to pay at VTB merchant locations.
• American ExpresscoreTechnology or IntegrationVTB accepts American Express cards at merchant terminals as part of its acquiring services.
• JCBcoreTechnology or IntegrationVTB accepts JCB cards at merchant terminals as part of its acquiring services.
• MIR (Mir payment system)coreTechnology or IntegrationVTB accepts MIR (Russian national payment system) cards at merchant terminals as part of its acquiring services for trade and service enterprises.
• РКО.РФ (rko.rf aggregator)minorChannel Partner/ Reseller/ DistributorРКО.РФ is a partner aggregator site that markets VTB's RKO products, features VTB in its top-5 bank listings and comparison tables, publishes VTB tariff information, and routes prospective clients to VTB's online account application. VTB is featured as one of the top recommended banks for business.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Gazprombank: Top-3 Russian bank with close links to major state-owned enterprises. Offers corporate and SMB banking, RKO, acquiring, and FX services — highly comparable in scale and state-tied positioning, competing for the same large enterprise and salary-project clients.
• Alfa-Bank: One of Russia's largest privately-controlled commercial banks offering RKO, acquiring, business lending, salary projects and digital banking to SMBs and large corporates — directly competing in the same product categories and customer segments as VTB.
• Sberbank: Russia's largest bank by assets. Directly comparable state-influenced commercial bank offering RKO, acquiring, salary projects, lending and FX services to the same IP/SMB/enterprise segments across Russia via a similarly extensive branch network.
• Promsvyazbank: Russian state-owned commercial bank serving corporate clients, SMBs and defense-sector enterprises. Comparable product mix (RKO, lending, guarantees) and state-bank positioning to VTB.
• T-Bank (Tinkoff): Russia's largest digital-only bank offering RKO, acquiring, business lending, and integration-heavy business banking primarily to SMBs. Competes head-on with VTB at the digital SMB end while pushing VTB on UX and pricing.
• Russian Agricultural Bank (Rosselkhozbank): Major Russian state-owned bank focused on agricultural and rural SMBs but offering full RKO, acquiring, and lending products. Comparable in state-bank character and product breadth targeting the IP/SMB segment.
• UniCredit Bank Russia: Russian subsidiary of UniCredit offering corporate and SMB banking — RKO, treasury, acquiring, FX, and lending — to a comparable mix of large corporates, mid-market and SMB clients across Russia.
• Raiffeisenbank Russia: Russian subsidiary of the Austrian Raiffeisen group offering full-service business banking including RKO, acquiring, salary projects, and lending to SMBs and enterprises with a multi-tier tariff structure comparable to VTB's.

Emerging players

• Tochka Bank: Digital-first Russian SME neobank built on top of a partner bank's license, offering RKO, acquiring, tax payments, and integrations with major business software. A direct challenger to VTB's digital SMB offering.
• Modulbank: Russian digital SMB bank offering RKO, acquiring, business cards and tax services to small businesses and IPs. Competes with VTB's На старте tier via heavy automation and transparent subscription pricing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bank-vtb-north-west

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BANK VTB NORTH-WEST