VTB Capital once again topped the rankings based on the volume of transactions in the Russian and CIS debt capital markets, with over double the market share of the second best bank. VTB Capital arranged 20 transactions in total, and was credited with deal volume of $4.7bn and a 23.1% market share, up from 16.0% in the first half of 2013.
VTB Capital also held the top spot in equity capital markets in Russia and CIS. During the first half of 2014 VTB Capital arranged two transactions totalling $354m, accounting for 25.9% of the market.
Riccardo Orcel, Deputy CEO of VTB Group and Head of Global Banking at VTB Capital, said: 'Despite challenging conditions in Russian and CIS capital markets during the first half of 2014, VTB Capital has been the top choice for clients seeking to raise debt or equity. Our unparalleled expertise and experience offered to our clients in a challenging market environment sets us apart from our competitors. The league tables demonstrate how highly clients value the services and we have led more transactions across DCM and ECM than our three nearest competitors. We are delighted to have played a key role in helping our customers achieve their financing objectives and are happy to have led a series of landmark global transactions for Western and Eastern European, Asian and U.S. issuers'.