Bank VTB PAO (VTB Bank PJSC), formerly Bank VTB OAO, is a Russia-based company, which is engaged in commercial banking sector. The Bank's services include deposit taking and commercial lending, support of clients’ export/import transactions, foreign exchange, securities trading, and trading in derivative instruments. Bank VTB PAO offers services to its retail and corporate customers in the Commonwealth of Independent States (CIS) countries, Europe, Asia and Africa. The Company operates on the territory of the Russian Federation and abroad, through the network of numerous banks and financial companies.