Annual report 2011 - VTB

VTB BankNotes to the Consolidated Financial Statements – 31 December 2011 and 2010(in billions of Russian Roubles)21. Customer Deposits (continued)Economic sector risk concentrations within customer deposits are as follows:31 December 2011 31 December 2010Amount % Amount %Individuals 1,161.4 32 747.9 34Government bodies 520.1 14 97.6 4Oil and gas 348.1 10 407.5 18Finance 319.9 10 240.2 12Transport 258.2 7 124.2 6Building construction 190.3 5 98.8 4Manufacturing 153.8 4 94.1 4Trade and commerce 118.4 4 70.3 3Telecommunications and media 86.3 2 56.3 3Energy 80.6 2 69.8 3Metals 79.9 2 29.6 1Food and agriculture 25.1 1 20.5 1Chemical 20.5 1 22.9 1Aircraft 13.6 – 16.7 1Coal mining 10.1 – 6.7 –Other 210.4 6 109.8 5Total customer deposits 3,596.7 100 2,212.9 100As at 31 December 2011 financial assets pledged against sale and repurchase agreements represent financial assetsat fair value through profit or loss and financial assets available-for-sale with fair value of RUR 0.2 billion(31 December 2010: RUR 4.2 billion) (Note 9) and securities received under reverse sale and repurchaseagreements with fair value of RUR 9.0 billion (31 December 2010: RUR 8.9 billion).22. Other Borrowed Funds31 December201131 December2010Funds from local central banks 365.9 1.4Syndicated loans 106.8 45.1Other borrowings 261.9 139.2Total other borrowed funds 734.6 185.7As at 31 December 2011 funds from local central banks include payables to local central banks on sale andrepurchase agreements in amount of RUR 159.7 billion (31 December 2010: nil) and other funds attracted from localcentral banks in amount of RUR 206.2 billion (31 December 2010: RUR 1.4 billion).As at 31 December 2011 financial assets pledged under the sale and repurchase agreements with local central banksare financial assets with a total carrying amount of RUR 177.2 billion (31 December 2010: nil), which comprised ofboth the financial assets available-for-sale with fair value of RUR 1.7 billion (31 December 2010: nil), and pledgedfinancial assets classified as loans and advances to customers of RUR 175.5 billion (31 December 2010: nil)(Note 9). As at 31 December 2011 financial assets pledged against sale and repurchase agreements with localcentral banks are also represented by Bonds of foreign governments received under reverse sale and repurchaseagreements with non-banking customers of RUR 0.3 billion (31 December 2010: nil).As at 31 December 2011 other funds attracted from local central banks contain the amount of RUR 6.3 billion(31 December 2010: RUR 1.4 billion) secured by pledged loans to customers in the amount of RUR 13.6 billion(31 December 2010: RUR 1.7 billion) (Note 11).In June 2011, VTB fully repaid USD 1.0 billion (RUR 28.3 billion) of Tranche A of a dual tranche syndicated loan uponmaturity.In July 2011, VTB received a syndicated loan in the total amount of USD 3,130 million (RUR 87.3 billion) maturing inJuly 2014 with a floating interest rate of LIBOR + 1.3% p.a. payable semi-annually. As at 31 December 2011 theGroup bought back RUR 6.3 billion from the syndicated loan participants, which resulted in the recognition of a gainon the extinguishment of debt of RUR 0.4 billion for the period.38