Mutual investment funds (mutual funds). VTB Capital PIF management

No comments yet. Be the first! 14,903 views

On russian market more than a dozen banks operate and offer their clients mutual funds. VTB24 belongs to one of the largest banks in the domestic financial market.

In addition to standard offers (capital investment, loans), the bank offers investment money in mutual funds. Thus, each client will be able to receive income, often at times more percent on deposits.

VTB24 Bank offers the services of several companies for the management (purchase or sale) of mutual funds, of which he is an agent: CJSC VTB Capital Asset Management, MC BFA, OJSC TKB BNP Paribas Investment Partners, MC Solid Management.

To participate in a mutual investment fund (hereinafter referred to as a unit investment fund), you just need to contact a bank branch or an application acceptance point with two documents. One of them is a passport, identity card and a notarized copy of TIN.

You also need to have the details of the current account, where the profit from assets will be transferred. The client is allowed to purchase shares of one or several funds, in unlimited quantities.

For those who are thinking about purchasing shares for the first time and are just starting to study the financial market, it is recommended to visit the official website of VTB24. Find the "Investment Portal" tab.

Completely free of charge, you will be consulted online. You will ask your questions and receive additional information by e-mail. It should be noted that the answer is received on weekdays as soon as possible.

For those who cannot finally decide on the choice of a mutual fund, in the online version of the bank, filling out an application, the calculator will calculate your return on invested capital. At the same time, your financial capabilities, terms and wishes will be taken into account. The investment calculator will select the most advantageous offers for you.

VTB Capital Asset Management was founded in 1996. The package of proposals includes more than 150 mutual funds. Of these, 120 are closed, i.e. a person can join them only by invitation.

Management companies VTB24

For novice investors or those who are just planning to start cooperating with VTB, 30 possible options... For the first entry, it is necessary to purchase shares in the amount of 5 thousand rubles, with an additional purchase from 1 thousand rubles.

Mutual funds for the period 2013-2015

• OPIF "VTB - Telecommunications Fund". In 2013-2015, showed the greatest increase in the share price - over 50%;
• Mutual fund " Consumer Sector Fund "- the cost increased by over 35%;
• Okhotny Ryad - a fund of consumer sector enterprises»- the cost has increased by over 36%;
• OPIFA "VTB - BRIC" - the value of a share increased by 19%;
• « Treasury Fund»- with the main goal of preserving capital (mainly shares of the federal level are located), the cost increased by 9%;
• OPIFA "VTB - Electricity Fund" - a decrease in the value of a share by 62%.

Thus, this group is dominated by mutual funds with a high return on invested capital.

Mutual funds managed by TKB BNP Paribas Investment Partners

TKB BNP Paribas Investment Partners was founded in 2002. Today the company occupies a leading position in terms of asset reliability. They amount to more than 3 billion rubles in 20 mutual funds.

To enter, assets worth over 10 thousand rubles are acquired. In the future, the purchase minimum is from 1 thousand rubles. When purchasing through a bank cash desk, the premium is 1.22%, when selling - the discount is 1%.

Unit investment funds for the period 2013-2015:

• TCB BNP “Paribas - Prospective Investments” - the asset grew by 14% in comparison with the year of opening the mutual fund. Note that shareholders should take into account the high possibility of losing savings and the long duration of the investment;
• TKB BNP "Premium. Equity fund "- the value of the share increased by 37%;
• “Money Market Fund” - the value of a unit has grown by 75% since its inception;
• OPIFA “TKP BNP Paribas - Russian Oil” - the value of a share increased by 26%;
• OPIFF "TKB BNP Paribas - Gold" - investment in precious metals is suffering a decline in prices. The share price fell by 9%.

Mutual funds under the management of "Solid Management"

It was founded in 2000. As of today, the total amount of assets is more than 11 billion rubles. To buy an open share, you need 10 thousand. rubles, upon further purchase -1 thousand rubles. When buying through the bank's office, a surcharge of 1.2% is carried out, when selling in the same way, a discount is 1%.

The structure includes only open-ended mutual funds.

• Mutual Fund "Solid-Globus" from the moment of opening has shown only positive growth of its shares. Over the entire period of the fund's existence, their value has increased by 18%;
• Bond open-ended fund "FDI Solid" - the value of shares increased by 18%;
• OPIF "Solid-Metallurgy and Structural Materials" - the value of the share increased by 5%.

Mutual funds under the management of MC "BFA"

Established in 2002 by VTB North-West Bank. To buy open assets, you will need to deposit 5 thousand rubles, for interval assets - 50 thousand rubles. For additional purchases in the future, for open-ended purchases - 10 thousand rubles, for interval purchases - 20 thousand rubles.

The structure includes both open and closed mutual funds, and interval.

• Mutual investment fund "Financier" - the value of a share increased by 14%;
• OPIFA "STOIK - Electricity" - the value of a share fell by 9%;
• OPIFA "Oplot" - the value of the share increased by 12%.

VTB mutual funds: comparison of profitability

The above were the mutual funds of VTB24 Bank with the most positive dynamics of management companies (purchase / sale). Investing can bring you an income of 2% -50% of your investment. It should be borne in mind that any high return on assets is associated with risk.

In the case of mutual funds, no one will give you a guarantee of 100% return on your capital. Not profitable investment finance by the head of mutual funds can lead to a decrease in the value of the share. For example, you bought it for 1200r, and in a year you can sell it only for 800r.

It doesn't have to happen. Therefore, before investing, you should carefully study the financial market. Identify liquid areas, get acquainted with the activities of the mutual fund in recent years and its conditions.

Tip: The last few years have seen high returns on telecommunications and IT stocks. Least profitable precious metals and electricity markets.

If an investor seeks to achieve a profitability that exceeds a bank deposit, then you can pay attention to VTB mutual funds.

A tool such as a share investment fundsoffered by the VTB financial group are run by experienced employees of the financial sector, so you can make a profit without even having knowledge of the work of the stock markets.

Pif VTB

Considering the rating of mutual funds of domestic banks, it can be noted that VTB mutual funds are in the TOP-5 in terms of investor popularity. Such trust is due not only to the profitability that they provide, but also to the guarantee of maintaining own funds... That is, the investor has the opportunity, with the correct diversification of his funds, to receive income, practically without risking anything. A sufficiently large volume of attracted funds from investors allows management company actively participate in trading, making a profit. After the end of the reporting period, it is divided between the shareholders and the company itself.

VTB mutual funds combine the possibility of making a profit higher than they offer bank deposits with a sufficiently low level of risk for the investor.

VTB asset management

The division of the VTB financial corporation that oversees mutual funds is called VTB Asset Management. Today, it manages 19 funds that channel investors' money to buy stocks and bonds of various directions, from the stock market to real estate and various sectors of the economy. In this regard, VTB mutual funds are not much different from investment instruments of other financial structures, for example, Sberbank mutual fund.

One of the main factors for an investor is the reliability of the organization to which he trusts his money. In this regard, the management company VTB Asset Management boasts:

• Highest credit ratings of several credit institutions at once;
• More than 10 years history of the existence and management of investors' funds in mutual funds, which testifies to the high professional level of experts working in the company;
• The management company is part of the international financial corporation VTB;
• Currently VTB Asset Management operates over 16,000 clients.

VTB 24 mutual funds

VTB capital asset management

The banking structure of VTB itself does not dispose of investors' funds, acting rather as a guarantor of the safety of funds and receiving commissions for this. The managing companies of mutual funds in VTB 24 are:

• VTB Capital Asset Management;
• Investments Partners;
• Solid management.

The first management company was founded back in 1996, and joined VTB Group ten years later. The reliability of the management company is evidenced by the fact that it is authorized by the Ministry of Finance of the Russian Federation to work with the funds of the Pension Fund. The company offers many interesting mutual funds, but the Treasury fund remains the most popular. The fund was realized back in 2003 and since then it continues to show decent performance indicators.

Treasury

The main investment direction of this mutual investment fund is investing in government bonds of high credit quality. That is, by purchasing liquid government, municipal and federal securities, it is possible to achieve a fairly high profit with extremely low risks. During the existence of the fund, its value has increased almost 4 times, which is an excellent result with a low risk. On average, a mutual fund demonstrates a profitability of about 15% per year, so it can attract investors who want to be guaranteed to protect and increase their funds.

Investments Partners

The management company Investmets Partners is one of the largest companies in this sector in our country. It is one of the five largest players and has the highest credit rating, which allows us to speak about its reliability. The company offers the investor shares of funds with moderate and high risk, which provide higher returns. Basically, these are mutual funds that specialize in buying securities on stock markets and shares of enterprises in certain sectors of the economy.

Solid management

Despite the fact that this management company is the youngest, it has already gained popularity with its products. Having entered the financial market in 2000, today the company manages investor funds for more than 10 billion rubles. The company specializes in buying stocks and bonds for long-term investment. At the same time, low risk remains and profitability is higher than bank deposits.

VTB 24 Bank makes it possible to buy, exchange and sell shares through one of its partners. An investor can choose from four management companies at once: VTB Capital Asset Management, Solid Management, BFA and TKB BNP Paribas Investment Partners.

In this article, we will tell you about each of these asset management companies and highlight the most interesting mutual funds.

VTB Capital Asset Management

The company has been on the market since 1996. In 2003 it became one of the management companies that have the right to manage pension savings.

VTB Capital Asset Management currently manages 15 open-ended mutual investment funds.

The minimum investment amount in the mutual funds of the company is 5,000 rubles for the first purchase and 1,000 rubles for the holders of the units of the Fund.

If the units are purchased through VTB24 Bank, there is no surcharge for the transaction.

The discount for redemption of units through a bank depends on the moment of filing an application for such an operation. The longer the share purchased from the Fund has been in the ownership of the investor, the less will have to be paid upon redemption. The size of the Fund's commission varies from 1% to 2% of the estimated value of the unit.

Consider several mutual funds of this management company.

High profitability

OPIFA "VTB - BRIC"

The abbreviation OPIFA stands for "open-ended mutual investment fund of shares" - the most risky and highly profitable of the mutual funds.

The fund will be of interest to investors who “bet” on the growth of emerging economies and want to diversify their investment risks as much as possible.

The BRIC Fund portfolio consists of shares of foreign investment funds and shares of issuers from the BRIC member countries.

The fund is showing strong growth. Per last year the value of the BRIC unit has grown by 19.28%, in two years - by 19.53%, and since the start of the mutual fund (September 1997) the unit price has increased almost fivefold - by 471.6%.

Stability

OPIFO - "VTB - Treasury Fund"

The Treasury Fund, an open-ended mutual investment fund, is aimed at “cautious” investors. The fund invests in bonds: government, corporate, municipal, sub-federal. This ensures high liquidity of investments and a low level of risk.

The Treasury Fund has been showing small, but stable growth for several years.

Over the past year, the value of the Treasury Fund share has grown by 4.2%, over three years - by 24.7%, and since the creation of the mutual fund (March 2003) the "plus" amounted to 262.5%.

Disappointment

OPIFA "VTB - Electricity Fund"

The Fund's portfolio consists of shares russian companies oil and gas sector (LUKOIL, Rosneft, GAZPROM and others). The mutual fund is designed for long-term investment (from two years).

Despite the seeming prospects, it is the Electricity Fund that shows one of the worst results so far. Over the past year, the value of the Fund's unit fell by 20.34%, over three years - by 64.61%, and since the beginning of the mutual fund's operation (November 2007), the “minus” was 62.8%.

TCB BNP "Paribas Investment Partners"

The company traces its history since 2002, and in 2006 it turned into a joint venture of two "giants" of the domestic market: the KIT Finance Group and the international management company Fortis Investments.

Since 2010, the Company has been "divided" between Russian Railways and BNP Paribas Investment Partners.

Today the Company with a difficult to pronounce name is one of the leaders in the domestic asset management market with the highest reliability ratings from the agencies NRA and Expert RA.

The company manages 20 retail mutual funds with a total asset value of over three billion rubles.

The minimum investment amount in almost all funds of TKB BNP "Paribas Investment Partners" is 10,000 rubles (for the "first time") and 1,000 for any subsequent one.

The premium for the purchase of a share through a bank is 1.2%, the discount for the sale of shares is 1%.

"A dark horse"

OPIFA "TCH BNP Paribas - Promising investments"

The fund invests funds of investors in shares of promising russian enterprisescurrently underestimated. Investors need to consider high level risk and long-term investment, the recommended investment period is from three years.

Since 2004, the Fund has shown stable growth. Over the past year, the value of the “Prospective Investments” unit has grown by 20.86%, over three years - by 14.49%, and since the beginning of the Fund's work - by 151.92%.

High profitability

OPIFA "TKP BNP Paribas - Russian oil"

The fund provides investors with access to companies that specialize in the extraction, processing and transportation of oil. Russian Oil mutual funds are distinguished by high profitability and elevated level risk. The fund is designed for long-term investments from three years.

Over the past year, the value of a unit in the Russian Oil Fund has grown by 26.15%, and over three years - by 20.06%. Since the start of work (January 2003), the "plus" of the investor was 323, 81%.

Disappointment

OPIFF "TKB BNP Paribas - Gold"

Since January 2001, the Fund has been investing in the PowerShares DB Gold Fund, a foreign index investment fund (ETF), which responds to the dynamics of gold prices.

Unfortunately, over the past year, the value of a share in the open-ended mutual fund "Gold" fell by 3.7%, over three years - by 9.2%, and since the foundation of the Fund, "minus" was 5.72%.

Solid Management

The management company "SOLID Management" has been operating in the collective investment market since 2000. At the moment, the company is in trust management of nine mutual funds with assets on total amount 11 billion rubles.

The minimum amount of the first purchase of a share is 10,000 rubles, each subsequent purchase is 1,000 rubles. The surcharge for the purchase of a share through a bank is 1.2%, the discount for its sale is 1%.

It should be noted that according to the results of recent years, most of the mutual funds "Solid Management" showed negative results.

Stable growth in the value of a share can only "boast" Bond open-end fund "FDI Solid". Investment portfolio The fund consists of government and corporate bonds. Over the past year, the value of the share of "FDI Solid" has grown by 4.28%, and over three years the "profit" of the investor amounted to 18.25%.

MC "BFA"

BFA Management Company was established in 2002 the largest bank North-West region "Industrial and Construction Bank" (now VTB Bank North-West).

Today the BFA company is one of the market leaders trust management Russia. It ranks second in terms of assets in the Northwest region.

Minimum amount initial investment in open funds "BFA" is 5000 rubles, in interval funds - 50,000 rubles. The amount of additional investments: 10,000 and 20,000 rubles, respectively.

The premium for the purchase of a share is 1.2% (0% for purchases in the amount of 600,000 rubles or more). Share redemption discount - 1% regardless of the sale price.

The fund includes nine open-ended mutual funds, three interval and one closed.

Best result

OPIFO "Financier"

The portfolio of the conservative Financier Fund consists of bonds and other instruments stock market... Over the past year, the value of a share has grown by 5.4%, and over the entire life of the Fund (since June 2003) - by 100.32%.

Worst result

OPIFA "STOIK - Electricity"

The fund is focused on investing in shares of enterprises in the electric power industry.

Over the past year, the value of the Fund's share fell by 9.26%, and since the establishment of STOIK - Electric Power Engineering (November 2007), it has lost more than half of its value (-64.59%).

JSC VTB Capital Asset Management (VTBK UA), (license of the Federal Commission for the Securities Market of Russia dated 06.03.2002 No. 21-000-1-00059 for the management of investment funds, mutual investment funds and non-state pension funds, no expiration date; License of the Federal Financial Markets Service of Russia dated 20.03.2007 No. 045-10038-001000 to carry out management activities securities, no expiration date). The content of the site www.site and any pages on the site ("Site") is for informational purposes only. The site is not considered and should not be considered as an offer of VTBK UA to buy or sell any financial instruments or provide services to any person. The information on the Site cannot be considered as a recommendation for investing funds, as well as guarantees or promises in the future of investment returns. Nothing in the information or materials presented on the Site is and should not be considered as individual investment advice and / or the intention of VTBK UA to provide investment advisor services. VTBK UA cannot guarantee that the financial instruments, products and services described on the Site are suitable for persons who have read such materials in accordance with their investment profile. Financial instruments mentioned in the information materials of the Site may also be intended solely for qualified investors... VTBK UA is not responsible for financial or other consequences that may arise as a result of your decisions regarding financial instruments, products and services presented in the information materials. No financial instruments, products or services mentioned on the Site are offered for sale or sold in any jurisdiction where such activity would be contrary to securities laws or other local laws and regulations, or would oblige VTBK UA to comply with a requirement registration in such a jurisdiction. In particular, we would like to inform you that a number of states have introduced a regime of restrictive measures that prohibit residents of the respective states from acquiring (assisting in the acquisition) of debt instruments issued by VTB Bank. VTBK UA invites you to make sure that you have the right to invest in the financial instruments, products or services mentioned in the information materials. Thus, VTBK UA cannot be held liable in any form in the event that you violate the prohibitions applicable to you in any jurisdiction. Before using any service or purchasing a financial instrument or investment product, You must evaluate yourself economic risks and the benefits of the service and / or product, tax, legal, accounting consequences of entering into a transaction when using a particular service, or before purchasing a particular financial instrument or investment product, its willingness and ability to accept such risks. When making investment decisionsYou should not rely solely on the opinions expressed on the Site, but should conduct your own analysis of the financial position of the issuer and all the risks associated with investing in financial instruments. Neither past experience nor the financial success of others guarantees or determines that the same results will be obtained in the future. The value or income of any investment mentioned on the Site may change and / or be affected by changes in market conditions, including interest rates. All digital and calculated data on the Site are provided without any obligation and solely as an example of financial parameters. VTBK UA is not responsible for any losses (direct or indirect), including real damage and lost profits, arising from the use of information on the Site. This Site does not provide or is intended to provide advice on legal, accounting, investment or tax matters, and therefore, you should not rely on the content of the Site in this regard. VTBK UA makes reasonable efforts to obtain information from sources it believes to be reliable. At the same time, VTBK UA does not make any assurances that the information or assessments contained in the information material posted on the Site are true, accurate or complete. Any information presented in the materials of the Site may be changed at any time without prior notice. Any information and estimates provided on the Site are not the terms of any transaction, including potential. VTBK UA does not guarantee the return on investment, investment activities or financial instruments. Before making an investment, you must carefully read the conditions and / or documents that govern the procedure for their implementation. Before purchasing financial instruments, you must carefully read the terms of their circulation. VTBK UA hereby informs you of a possible conflict of interest when offering financial instruments considered on the Site. A conflict of interest arises in the following cases: (i) VTBK UA is the issuer of one or more of the financial instruments in question (recipient of benefits from the distribution of financial instruments) and a member of the VTBK UA group of persons (hereinafter - the group member) simultaneously provides brokerage services and / or trust management services (ii) a group member represents the interests of several persons at the same time in the provision of brokerage, consulting or other services and / or (iii) a group member has its own interest in performing transactions with a financial instrument and at the same time provides brokerage, consulting services and / or (iv) a group member, acting in the interests of third parties or the interests of another group member, maintains prices, demand, supply and (or) the volume of trading in securities and other financial instruments , acting, inter alia, as a market maker. Moreover, group members may and will continue to be in contractual relationships to provide brokerage, custody and other professional services with persons other than investors, while (i) group members may have at their disposal information of interest to investors and members the groups are under no obligation to investors to disclose such information or use it in meeting their obligations; (ii) the terms of service and the remuneration of the group members for the provision of such services to third parties may differ from the conditions and remuneration for investors. When settling conflicts of interest VTBK UA is guided by the interests of its clients. More detailed information on the measures taken by VTBK UA in relation to conflicts of interest can be found in VTBK UA's Conflict of Interest Management Policy posted on the Website. Open-end unit investment funds managed by JSC VTB Capital Asset management: Open-end investment fund RFI “VTB - Equity Fund” (Fund Rules were registered by the Federal Financial Markets Service of Russia on 13.09.2007, No. 0968-94131582); OPIF RFI “VTB - Balanced Fund” (Fund Rules were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0962-94131346); OPIF RFI “VTB - Emerging Markets Eurobonds Fund” (Fund Rules were registered by the Federal Financial Markets Service of Russia on 13.09.2007, No. 0958-94130789); OPIF RFI “VTB - Fund of Small and Medium Capitalization Companies” (Fund Rules were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0959-94131180); OPIF RFI “VTB - Fund of Enterprises with State Participation” (Fund Rules were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0966-94131263); OPIF RFI "VTB - Electricity Fund" (The Fund's rules were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0965-94131501); OPIF RFI "VTB - Future Technologies Fund" (Fund Rules were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0967-94131429); OPIF RFI “VTB - Metallurgy Fund” (the Fund's rules were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0961-94131104); OPIF RFI "VTB - Eurobonds Fund" (Fund Rules were registered by the Federal Financial Markets Service of Russia on September 13, 2007, No. 0963-94130861); OPIF RFI “VTB - Oil and Gas Sector Fund” (Fund Rules were registered by the FFMS of Russia on September 13, 2007, No. 0960-94131027); OPIF RFI “VTB - Consumer Sector Fund” (The Fund's Rules were registered by the FFMS of Russia on 13.09.2007, No. 0964-94130944); OPIF RFI "VTB - BRIC" (The Fund's rules were registered by the Federal Commission for the Securities Market of Russia on August 11, 1997. No. 0012-46539678); OPIF RFI “VTB - Global Dividend Fund” (Fund Rules were registered by the Federal Commission for the Securities Market of Russia on February 26, 2003, No. 0090-59893176); OPIF RFI "VTB - Treasury Fund" (Fund Rules were registered by the Federal Commission for the Securities Market of Russia on February 26, 2003 No. 0089-59893097); OPIF RFI “VTB - Moscow Exchange Index” (Fund Rules were registered by the Federal Commission for the Securities Market of Russia on January 21, 2004 No. 0177-71671092), OPIF RFI “VTB - Money Market Fund” (Fund Rules were registered by the Federal Financial Markets Service of Russia on September 25, 2007, No. 0997-94132239); OPIF RFI “VTB - Fund of Infrastructure Companies Shares” (Fund Rules were registered by the Federal Financial Markets Service of Russia on September 25, 2007, No. 0998-94132311); OPIF RFI "VTB - Mixed Investment Fund" (Fund Rules were registered by the Federal Commission for the Securities Market of Russia on 03/05/2003, No. 0092-59891904). Interval mutual funds managed by JSC VTB Capital Asset management: IPIFTR "VTB - Fund Precious metals"(The Fund's Rules were registered by the Federal Financial Markets Service of Russia on March 31, 2009, No. 1407-94156211). Exchange-traded mutual funds managed by JSC VTB Capital Asset management: BPIF RFI “VTB - Russian corporate bonds smart beta” (Fund rules were registered by the Central Bank of Russia on 01/31/2019, No. 28-2-2 / 461). The Moscow Exchange Index and the Moscow Exchange Corporate Bonds Index are stock indices calculated by the Moscow Exchange PJSC. The rightholder of the Moscow Exchange Index and MOEX Trademarks is PJSC Moscow Exchange. PJSC Moscow Exchange does not give any guarantees or assurances to third parties about the advisability of investing in financial products VTBK UA, based on indices calculated by PJSC Moscow Exchange. The basis for the emergence of relations between PJSC Moscow Exchange and VTBK UA is the provision of a non-exclusive license to use the Moscow Exchange Index and MOEX Trademarks. The Moscow Exchange Index and the Moscow Exchange Corporate Bonds Index, calculated by the Moscow Exchange PJSC and which is directly associated with the Moscow Exchange Index trademark, was created, calculated and maintained without reference to VTBK UA and its business activities. The value of investment shares can increase and decrease, the results of investment in the past do not determine income in the future, the state does not guarantee the profitability of investments in mutual funds. The rules for the trust management of open-ended mutual funds and individual investment funds managed by VTBK UA provide premiums (discounts) to (c) the estimated value of investment units when they are issued (redeemed). Charging surcharges (discounts) will reduce the profitability of investments in investment units of open-ended mutual funds and individual investment funds. Before purchasing an investment share, you should carefully read the rules of trust management of the fund. Receive information about the Funds and familiarize yourself with the Trust Management Rules of the Funds, with other documents provided for Federal law "On investment funds" and regulations in the field financial markets, at the address: 123112, Russia, Moscow, nab. Presnenskaya, 10, floor 15, room III, by phone 8-800-700-44-04 (for free intercity and mobile communications), at the addresses of agents or on the Internet at www.site. VTBK UA does not guarantee that the operation of the Site or any content will be uninterrupted and error-free, that defects will be corrected, or that the servers from which this information is provided will be protected from viruses, Trojan horses, worms, software bombs or similar items or processes or other harmful components. any expressions of opinion, estimates and forecasts on the site are the opinions of the authors as of the date of writing. they do not necessarily reflect the views of VTBK UA and are subject to change at any time without prior notice. Under no circumstances will VTBK UA be liable for any indirect, incidental, special, punitive or consequential damages (including, without limitation, damages for loss of data, business or profits) arising from or in connection with these conditions, for the inability to use The Site or any products, services or content purchased, received or stored on the Site, whether on the basis of a contract, tort, objective liability or otherwise, even if VTBK UA was warned of the possibility of such damage, and notwithstanding the fact that the remedy does not achieve its main goal. Without limiting the foregoing provision, as well as these limitations also apply to any claims of third parties against users. Notwithstanding any other statements, nothing in these terms and conditions is intended to exclude or limit any obligations or obligations that VTBK UA has towards its clients in accordance with applicable law, or which cannot be excluded or limited by applicable law.