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Yuri Soloviev, Herbert Moos purchase VTB Bank shares

19 July 2011

Yuri Soloviev, VTB Bank First Deputy President and Chairman ofManagement Board, andHerbert Moos, VTB Bank Deputy President and Chairman of Management Board have acquired blocks of VTB Bank shares worth RUB 30 million each.

Yuri Soloviev said: “I believe in VTB Group’s future and its further rapid development. I am sure that with the help of our team VTB Bank will be able to achieve outstanding success”.

Herbert Moos emphasized: “VTB has a great future. We are successfully implementing the Group’s strategy for 2010 – 2013 and demonstrate record-high financial results. We are also carrying out important strategic acquisitions that will contribute to VTB’s efficient business growth in the future. Against the backdrop of strong performance in Q1 2011 we significantly raised the Group’s profit forecast based on 2011 year results, and reviewed the profit target set in the strategy”. 

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