VTB Bank

VEON CEO letter to investors and partners

Retrieved on: 
Tuesday, March 15, 2022
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AMSTERDAM, March 15, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has today, given the recent market volatility, provided our investors and partners with an update on our business setting out how we are successfully navigating through the current turbulence.

Key Points: 
  • AMSTERDAM, March 15, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, has today, given the recent market volatility, provided our investors and partners with an update on our business setting out how we are successfully navigating through the current turbulence.
  • Following this payment to VTB, VEON has no further loans outstanding with VTB.
  • Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate.
  • VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services.For more information visit: www.veon.com

VEON credit rating update

Retrieved on: 
Monday, March 14, 2022
NASDAQ, RCF, USD, Company, VTB Bank, HQ, VEON, S&P, Group, Population, Forward-looking statement, Euronext Amsterdam, Security (finance), Bank, Fitch

AMSTERDAM, March 14, 2022 /PRNewswire/ --VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces thatFitch and S&P have downgraded the Company's credit ratings to reflect new country ceilings for Ukraine and the Russian Federation.

Key Points: 
  • AMSTERDAM, March 14, 2022 /PRNewswire/ --VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces thatFitch and S&P have downgraded the Company's credit ratings to reflect new country ceilings for Ukraine and the Russian Federation.
  • S&P's credit rating on VEON was adjusted from BB+ to CCC+ on 10 March 2022, which is two notches above Russia's sovereign rating.
  • Serkan Okandan, VEON's Chief Financial Officer, said: "While the downgrades in VEON's credit rating by the rating agencies following the downgrade of Russia's sovereign rating was to be expected, it is important to note that VEON's geographic diversification and liquidity position has allowed the Group to maintain a rating above the sovereign rating of Russia."
  • Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate.

VEON concludes repayment of VTB Bank loan

Retrieved on: 
Friday, March 11, 2022
NASDAQ, VTB Bank, VEON, VTB, PJSC, Compliance, Forward-looking statement, Euronext Amsterdam, Security (finance)

AMSTERDAM, March 11, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announces that its subsidiary has prepaid its RUB 30 billion (approximately USD 259 million1) interest-bearing loan with VTB Bank (PJSC) ("VTB") in accordance with its terms, and the facility has been cancelled.

Key Points: 
  • AMSTERDAM, March 11, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, today announces that its subsidiary has prepaid its RUB 30 billion (approximately USD 259 million1) interest-bearing loan with VTB Bank (PJSC) ("VTB") in accordance with its terms, and the facility has been cancelled.
  • Following this payment to VTB, the VEON Group has no further loans outstanding with VTB.
  • Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate.
  • VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and internet services.For more information visit: www.veon.com

Fix Price terminates agreement with VTB Capital on buyback programme

Retrieved on: 
Saturday, March 5, 2022
MOEX, DC, LSE, Company, IFRS, VTB Capital, JSC, EBITDA, RUB, Fix Price, VTB Bank, PJSC, Household, Security (finance)

28 February 2022 - Fix Price (LSE and MOEX: FIXP, the "Company"), one of the leading variety value retailers globally and the largest in Russia, today announces that it has terminated its agreement with JSC VTB Capital, pursuant to which VTB Capital was managing the purchases under Fix Price's previously announced buyback programme, following the imposition of restrictive measures on VTB Capital's parent company, VTB Bank (PJSC).

Key Points: 
  • 28 February 2022 - Fix Price (LSE and MOEX: FIXP, the "Company"), one of the leading variety value retailers globally and the largest in Russia, today announces that it has terminated its agreement with JSC VTB Capital, pursuant to which VTB Capital was managing the purchases under Fix Price's previously announced buyback programme, following the imposition of restrictive measures on VTB Capital's parent company, VTB Bank (PJSC).
  • Fix Price is currently evaluating its options in relation to the previously announced buyback programme.
  • As of 31 December 2021, Fix Price operates 4,904 Fix Price stores in Russia and neighbouring countries, all of them stocking approximately 2,000 SKUs across around 20 product categories.
  • As well as its own private brands, Fix Price sells products from leading global names and smaller local suppliers.

Treatment of Russia in Alerian S-Network Global Equity Indexes

Retrieved on: 
Friday, March 4, 2022
MOEX, VTB Bank, GLOBE, Cryptocurrency, Appendix

NEW YORK, March 03, 2022 (GLOBE NEWSWIRE) -- Following consultation with the Alerian S-Network Index Committee, Alerian S-Network Global Indexes will remove all Russian-linked index constituents from all Alerian S-Network Equity Indexes effective from the open on Monday, March 7, 2022.

Key Points: 
  • NEW YORK, March 03, 2022 (GLOBE NEWSWIRE) -- Following consultation with the Alerian S-Network Index Committee, Alerian S-Network Global Indexes will remove all Russian-linked index constituents from all Alerian S-Network Equity Indexes effective from the open on Monday, March 7, 2022.
  • In accordance with the Ongoing Maintenance standard of Alerian S-Network Global Indexes, all Russian-linked index constituents will be removed from the indexes included in Appendix A effective from the open on Monday, March 7, 2022.
  • (See Appendix B)
    All other Russian-linked index constituents, as defined by the Alerian S-Network Global Indexes Classification System, will be removed at their official closing price on Friday, March 4, 2022.
  • Following the removal of Russian-linked index constituents from all indexes, Russian-linked index constituents will be ineligible for inclusion in all Alerian S-Network Global Equity indexes until additional timetable for re-inclusion is agreed upon with the Alerian S-Network Index Committee.

Statement from Emerging Markets Horizon Corp. on Recent Sanctions Against VTB

Retrieved on: 
Wednesday, March 2, 2022
VTB, Forward-looking statement, Central and Eastern Europe, VTB Bank, Commonwealth, SEC, Company, Acquisition, The Company, Risk, VTB Capital, Prospectus, Central, Security (finance)

These sanctions included blocking sanctions against VTB Bank PJSC and certain of its subsidiaries (collectively, "VTB").

Key Points: 
  • These sanctions included blocking sanctions against VTB Bank PJSC and certain of its subsidiaries (collectively, "VTB").
  • As a result, all entities that are owned 50 percent or more, directly or indirectly, by VTB are also subject to blocking.
  • VTB is also the subject of sanctions imposed by other jurisdictions.
  • VTB is the indirect parent of Nevsky Properties Limited, a member of and 25 percent interest holder in EM Horizon Investments, the sponsor of Emerging Markets Horizon Corp. (the "Company").

Globee® Awards Announces winners in 18th Annual 2022 Cyber Security Global Excellence Awards

Retrieved on: 
Thursday, February 24, 2022
Stellar, Xchange, University of California, San Diego, UO, Marketing, OpenVPN, SafeBreach, Anecdote, SPHERE, BHD, PTS, Syncopacma adversa, Radiant Logic, NIO, JPMorgan Chase, Vectra AI, University, Organization, LexisNexis Risk Solutions, KPMG, International Best Dressed Hall of Fame List, SAN, Lattice Semiconductor, CEO, Globe Award, IBM, CYE, Armour, HID Global, GRIPS-Security and International Studies Program, Tokyo, Generali, Imperva, Service Excellence Awards, InfoSec Institute, VTB Bank, UNR, Silver, University of Oregon, Jumio, County, Carex nudata, Industry, VNPT, Iris, Women's World Award, Sheffield Business Awards, UCSD, KeepTruckin, University of Nevada, Reno, Weapon, Mobile phone, Egress, Cervello, Gold, Bugcrowd, FireEye

SAN FRANCISCO, Feb. 24, 2022 /PRNewswire-PRWeb/ -- The Globee Awards organizer of world's premier business awards programs and business ranking lists today announced the Grand, Gold, Silver and Bronze winners in the 18th Annual 2022 Cyber Security Global Excellence Awards honoring achievements and recognitions in the cyber and digital security industry worldwide.

Key Points: 
  • SAN FRANCISCO, Feb. 24, 2022 /PRNewswire-PRWeb/ -- The Globee Awards organizer of world's premier business awards programs and business ranking lists today announced the Grand, Gold, Silver and Bronze winners in the 18th Annual 2022 Cyber Security Global Excellence Awards honoring achievements and recognitions in the cyber and digital security industry worldwide.
  • Winners will be celebrated and presented their awards in a virtual ceremony attended by the finalists, winners, judges and industry peers from all over the world.
  • See the complete list of 2022 winners here: https://globeeawards.com/cyber-security-global-excellence-awards/winners/
    Stay posted and read success stories of organizations by subscribing to the Globee Newsletter: https://globeeawards.com/subscribe/
    2022 Grand Globee winners in Cyber Security Excellence include Attivo Networks, Inc., Deepfence, Endace, i-Sprint Innovations Pte Ltd, Infosec Institute, LexisNexis Risk Solutions, SBER, Security Compass, VNPT VinaPhone, and VTB Bank.
  • Globee Awards are conferred in ten programs and competition: the American Best in Business Awards, Business Excellence Awards, CEO World Awards, Cyber Security Global Excellence Awards, Disruptor Company Awards, Golden Bridge Awards, International Best in Business Awards, IT World Awards, Sales, Marketing, & Service Excellence Awards, and Women World Awards.

VEON announces a RUB 30 billion (c.USD 400 million) seven year term loan with VTB Bank

Retrieved on: 
Thursday, February 17, 2022
NASDAQ, PJSC, Group, Forward-looking statement, RUB, Euronext Amsterdam, VTB Bank, PJSC VimpelCom, VEON, Bank

AMSTERDAM, Feb. 17, 2022 /PRNewswire/ --VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that VEON Finance Ireland Designated Activity Company, a subsidiary of VEON Ltd. has successfully entered into a new RUB 30 billion (approximately USD 400 million1) seven-year term loan with VTB Bank.

Key Points: 
  • AMSTERDAM, Feb. 17, 2022 /PRNewswire/ --VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that VEON Finance Ireland Designated Activity Company, a subsidiary of VEON Ltd. has successfully entered into a new RUB 30 billion (approximately USD 400 million1) seven-year term loan with VTB Bank.
  • The RUB 30 billion VTB Bank facility has a seven-year amortising tenor and is fully floating.
  • The proceeds from this facility will be used for general corporate purposes, including the financing of intercompany loans to PJSC VimpelCom.
  • Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate.

EQS-News: PJSC Mechel : MECHEL ANNOUNCES PARTIAL EARLY REPAYMENT OF LOAN OBLIGATIONS TO VTB BANK

Retrieved on: 
Thursday, February 10, 2022
VTB Bank, Mechel, NYSE, MOEX, MTL, Group, Security (finance), Bank

Moscow, Russia - February 10, 2022 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports early repayment of its obligations to VTB Bank regarding its dollar-denominated loan.

Key Points: 
  • Moscow, Russia - February 10, 2022 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports early repayment of its obligations to VTB Bank regarding its dollar-denominated loan.
  • Southern Kuzbass Coal Company, which is part of Mechel Group's mining segment, acted as the debtor on this loan.
  • "Mechel's management has repeatedly noted that repayment of our loan obligations are a top priority for us.
  • VTB Bank remains Mechel's reliable partner and is interested in its stable operations and further development," First Deputy President and Chairman of VTB Bank Management Board Yuri Soloviev said.

VTB Bank announces RAS financial results (standalone) for January 2022

Retrieved on: 
Tuesday, February 8, 2022
Small business, Senior, Growth, Income, MSB, RUB, RAS, Sale, VTB Bank, CET, PJSC, Environment, Bank, RWA, Security (finance), Financial services, Medium

VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for January 2022.

Key Points: 
  • VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for January 2022.
  • As of 1 February 2022, the ratio of allowance for loan impairment to total loan portfolio was 5.1% (4.8% as of 1 January 2022).
  • Total assets amounted to RUB 19.5 trillion as of 1 February 2022, an increase of 1.8% in January 2022.
  • The reported financial indicators are preliminary; hence, they can be supplemented and changed in the process of preparation of publishable financial reports of VTB Bank.