An Educated Country
As part of the Educated Country programme, the VTB Group aims to improve the quality of financial and economic education and develop educational infrastructure, scientific potential, and high technology.
Pursuing the objectives set by the Education and Science national projects, VTB Bank provides long-term financial support to Russia’s leading universities to ensure their educational and scientific programmes cater to societal demands and the Russian economy’s long-term development goals. In 2019, universities such as the Higher School of Economics, Moscow School of Social and Economic Sciences, MGIMO University, and Far Eastern Federal University received financial support from VTB. VTB Bank supported a total of 124 educational institutions in 2019.
In 2019, VTB and 28 leading Russian universities launched campus projects, issuing over 100,000 campus cards. Campus cards are used to pay student stipends and salaries and gain access to university premises and IT systems.
Deputy President and Chairman of the Management Board, VTB Bank
Director of the Graduate School of Management, St. Petersburg University
Support for the education sector is becoming an integral part of the current corporate sustainability model for Russia’s economic leaders. VTB’s active involvement in the activities of Russia’s universities is in line with international best practices in CSR. In particular, our cooperation with the Graduate School of Management seeks to ensure that Russia’s business education matches the highest international standards.
The Educated Nation programme also includes projects improving financial literacy, supporting startups, and finding talented students through professional contests and grant and scholarship programmes.
As part of the programme, the VTB Group strives to improve the financial literacy of the public. For that purpose, the Bank joined forces with Russia’s other leading banks to set up the Financial Literacy Development Association. The association is working on educational campaigns together with Russian governmental agencies such as the Department of Education and Science, the Healthcare Department, and the Ministry of Defence.
VTB Group companies not only train adults and students but also strive to teach finance to children of preschool and primaryschool age. Since learning through play is the best way for children those ages to learn, VTB Bank continues to support Kidburg Career City’s bank theme spaces. The Bank’s game library is available at Kidburg’s ten locations in Moscow, St. Petersburg, Samara, and Nizhny Novgorod, Voronezh, and Yaroslavl regions.
To improve employees’ competence, VTB Bank took part in the 2019 Changellenge Cup Moscow case competition. A case competition is an event where participants familiarise themselves with a company’s operations and work to solve associated problems. The Changellenge Case Study League is a large-scale system of case competitions aiming to prepare participants for a career through a practice-oriented approach. Every year, Changellenge organises more than 200 projects, and over 500 students with outstanding performance are selected on the online stage to take part in the competitions.
In addition to supporting professional science, the VTB Group encourages initiatives that promote learning and education through games and entertainment. In 2019, VTB Bank continued to sponsor What? Where? When?, a one-of-a-kind national intellectual game show the Bank has supported since 2011.