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Bank of Moscow
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17MAY12
VTB closes offer to Bank of Moscow shareholders
VTB Group has completed its offer to shareholders of Bank of Moscow (BoM) . As a result, the Group has increased its holding in BoM’s equity by less than 0.03% to 94.87%, through VTB Debt Center and VTB Pension Administrator , BoM’s major shareholders. The offer was made in March this year. Only shareholders...
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29DEC11
VTB Group raises stake in Bank of Moscow
Bank of Moscow placed an additional share issue of 100 million shares at 1111.77 rubles per share. The transaction has been made in line with financial support program of Bank of Moscow. VTB Group has acquired shares totally worth about 102 billion rubles...
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19SEP11
VTB Debt Center has consolidated 46.48% of Bank of Moscow
JSC VTB Bank has started implementing the General Agreement on measures for financial support of Bank of Moscow (BoM) , with VTB Debt Center having consolidated 46.48% of the BoM ordinary shares. These shares have been acquired by VTB Debt Center from JSC VTB Bank. The General Agreement was signed by the Bank of Moscow, the Deposit Insurance Agency...
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1SEP11
VTB Supervisory Council approves preliminary measures for Bank of Moscow financial support
On 31 August 2011, in accordance with Agreement for Bank of Moscow financial support between Deposit Insurance Agency, VTB Bank, VTB Debt Center and VTB Pension Administrator the VTB Bank Supervisory Council approved two related party transactions. The transactions include the sale of VTB Bank’s stake...
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20JUL11
VTB Bank and DIA sign a General Agreement on the Bank of Moscow bailout
VTB Bank , CJSC VTB Debt Center , VTB Pension Administrator Ltd. , OJSC Bank of Moscow and State Corporation Deposit Insurance Agency (DIA) signed a General Agreement. The document sets out the procedure and terms of interaction of parties in implementing the action plan to handle troubled debt of the Bank of Moscow. According...
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1JUL11
VTB comments on support provided to Bank of Moscow
VTB has confirmed that jointly with Deposit Insurance Agency, or DIA, and the Central Bank of Russia it provides support to Bank of Moscow aimed at solving the problems, which have resulted from the willful actions of the bank’s former top management. VTB is ready to grant up to RUB 100 billion to Bank of Moscow. We are sure that due to the joint actions of VTB and the Russian...
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15MAY12
VTB senior management meet with shareholders at Shareholders Consultative Council
... Chairman of the Management Board; Herbert Moos, Deputy President and Deputy Chairman of the Management Board; and Management Board member Ekaterina Petelina ; as well as Mikhail Berezov, Deputy President and Deputy Chairman of the Management Board at Bank of Moscow . Herbert Moos, VTB’s CFO, gave a presentation on VTB Group ’s performance in 2011 and updated shareholders on the proposed dividend for the year. Following recommendations from the Russian government and shareholders’ views, and subject...
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14MAY12
VTB contributes to medium-sized business development in Russia
On May 14, 2012, VTB Bank, Bank of Moscow , TransCreditBank, and theAgency of Strategic Initiatives for New Projects Promotion have signed a cooperation agreement, which is aimed at developing and implementing higher priority innovative projects by the parties, including those...
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23JAN12
A.Kostin: “Our task now is to integrate very effectively the acquired businesses into the Group”
... strategy changed over the past year? And do you anticipate any further strategic changes in 2012? Several important events have occurred since VTB approved the strategy for 2010-2013 last year. We have acquired controlling stakes in Trascreditbank and in Bank of Moscow, and the world economies are now facing another round of crisis. Still, I would say the fundamentals that underpin the strategy remain largely the same. The Road to 15 is a strategy designed to deliver effective growth through enhancing...
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28NOV11
VTB's transformation
... bailout that left VTB with Guta’s extensive branch network in prime locations throughout the capital. More recently, VTB has bought the captive banks of the state-owned railway monopoly, TransCreditBank (TCB), followed by the controversial takeover the Bank of Moscow, that together have added 8.5m new customers and made VTB24, the group’s retail arm, the second biggest retail bank in the country. However, the surprise was the blistering growth of VTB24 Private Banking, which was set up two years ago...
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21NOV11
VTB holds a meeting with Stavropol minority shareholders
On 18 November 2011, a workshop meeting was held with VTB shareholders in Stavropol. The event, organized in cooperation with the Union of Borrowers and Depositors of Russia, was attended by about 100 shareholders. Representatives of VTB Bank and its subsidiaries, VTB24 and VTB Insurance , as well as Leonid Volkov, member of the Shareholders Consultative Council, spoke to the shareholders. The main discussion topic was the basics of efficient personal finance management in the securities market...
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