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VTB to increase capitalisation of Ukrainian subsidiaries

 
20 January 2015

VTB to increase capitalisation of Ukrainian subsidiaries © photoexpress.ru

VTB Group is drafting a decision to provide additional capital to its Ukrainian subsidiaries, VTB Bank (Kiev) and BM Bank.

VTB plans to complete the required corporate procedures in the first quarter of 2015, and will provide additional capital of up to UAH 4 billion (about USD 265 million).

 
 
 
 
VTB President and Chairman of the Management Board, Andrey Kostin
«We are taking this important decision primarily to fund the future growth of our business in Ukraine and to ensure the country’s financial stability.It is clear that long-term sustainable growth in Ukraine is impossible without strong and reliable Russian banks, which play a dominant role in providing credit to Ukrainian business and the economy as a whole. The measures we are planning to take will help us to retain the trust of our Ukrainian clients, who will be able to look to the future with greater confidence».
Andrey Kostin,
VTB President and Chairman of the Management Board






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