VTB Bank

VTB Bank announces RAS financial results (standalone) for 2021

Retrieved on: 
Monday, January 17, 2022 - 11:02am

VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for December and twelve months of 2021.

Key Points: 
  • VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for December and twelve months of 2021.
  • VTB Bank earned a record high net profit in 2021 in the amount of RUB 242.6 billion.
  • The Bank's RAS results are highly correlated with VTB Group's IFRS results, and the figures we publish are the indicators of the Group's excellent results for the year under IFRS."
  • 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.

Magnit announces the changes of the rights of Marathon Group to dispose a certain number of votes accounted for voting shares of PJSC Magnit

Retrieved on: 
Friday, January 14, 2022 - 3:06pm

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Krasnodar, January 14, 2022: Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the acquisition of the right of Marathon Group1 and Alexander Vinokurov to dispose a certain number of votes accounted for voting shares in the charter capital of PJSC Magnit (hereinafter - "Votes on Magnit shares" or "Votes").
  • The Company has been informed of the increase of the share of Votes of Marathon Group to 29.23% (acquisition of additional 4.23% of Votes due to the satisfaction of the corresponding application of Marathon Retail LLC by the FAS of Russia).
  • This amount includes Votes on Magnit shares transferred to VTB Group2 under the repurchase agreements concluded between Marathon Retail LLC and VTB Group.

VTB Group announces IFRS financial results for November and 11M 2021

Retrieved on: 
Monday, December 27, 2021 - 8:00am

VTB Bank, the parent company of VTB Group ("the Group"), today publishes its unaudited consolidated financial results in accordance with IFRS for November and 11 months of 2021.

Key Points: 
  • VTB Bank, the parent company of VTB Group ("the Group"), today publishes its unaudited consolidated financial results in accordance with IFRS for November and 11 months of 2021.
  • Dmitry Pianov, a member of the Management Board and Chief Financial Officer of VTB Bank, said:
    "VTB Group is on track to set new records in 2021, both in terms of profitability and business volumes, and our 11M 2021 performance confirms these expectations.
  • VTB Group's net profit increased 4.4x year-on-year to RUB 308.8 billion in 11M 2021 and 5.4x year-on-year to RUB 28.9 billion in November 2021.
  • Return on equity was 17.2% in 11M 2021 and 16.4% in November 2021, up from 4.5% and 3.8% year-on-year, respectively.

Sistema PJSFC: Sistema increases effective stake in Binnopharm Group to 75.3%

Retrieved on: 
Monday, December 20, 2021 - 11:44am

As a result of the transaction, the Corporation's effective stake in Binnopharm Group has increased to 75.3%.

Key Points: 
  • As a result of the transaction, the Corporation's effective stake in Binnopharm Group has increased to 75.3%.
  • On 13 December 2021 the Group exercised its call option to acquire VTB's stake in Sinocom Investments Limited for RUB 9.06 billion.
  • On 28 July 2021, the Group exercised a call option to acquire VTB Bank (PJSC)'s stake in Ristango Holding Limited for RUB 6.7 billion.
  • As a result, Sistema has become the largest shareholder in Ristango Holding Limited and through it also Binnopharm Group, with an effective stake of 75.3%.

VTB Bank announces RAS financial results (standalone) for November and 11M 2021

Retrieved on: 
Wednesday, December 8, 2021 - 10:03am

VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for November and eleven months of 2021.

Key Points: 
  • VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for November and eleven months of 2021.
  • Starting from January and up to November 2021, VTB Bank earned RUB 238.5 billion, which corresponds to a ROE of 17.5%.
  • Total assets amounted to RUB 19.1 trillion as of 1 December 2021, an increase of 16.7% in 11M 2021 and 1.4% in November 2021.
  • 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.

Magnit announces the changes of the rights of VTB Bank and Marathon Group to dispose a certain number of votes accounted for voting shares of PJSC Magnit

Retrieved on: 
Tuesday, December 7, 2021 - 5:10pm

1 - MG MARATHON GROUP (CYPRUS) LTD and its entities, including PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC, Marathon Retail LLC.

Key Points: 
  • 1 - MG MARATHON GROUP (CYPRUS) LTD and its entities, including PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC, Marathon Retail LLC.
  • 3 - According to the explanations received by Magnit, the Votes of Marathon Group are distributed as follows:
    1,103,458 Magnit voting shares (1.08%) are held by Natsbioprodukt LLC;
    1,513,601 Magnit voting shares (1.49%) are held by SERENGATE ADVISORS LIMITED;
    19,305,710 Magnit voting shares (18.94%) are held by Marathon Retail LLC;
    in respect of 3.49% of Magnit voting shares the right to dispose Votes is held by Marathon Retail LLC on the basis of the repurchase agreements concluded between Marathon Retail LLC and VTB Group, under which 7,868,427 Magnit voting shares (7.72 %) were transferred to VTB Group;
    in respect of 4.23% of Magnit voting shares Marathon Retail LLC will be provided with the right to dispose Votes after the FAS of Russia satisfies the corresponding application of Marathon Retail LLC based on the above mentioned repurchase agreements.
  • 4 - MG MARATHON GROUP (CYPRUS) LTD has acquired the right to indirectly dispose the Votes through PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC and Marathon Retail LLC.
  • 5 - Alexander Vinokurov has acquired the right to indirectly dispose the Votes through MG MARATHON GROUP (CYPRUS) LTD, PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC and Marathon Retail LLC.

Magnit announces the termination of the right of VTB Bank and its controlled entities to dispose a certain number of votes accounted for voting shares in the charter capital of PJSC Magnit

Retrieved on: 
Friday, November 26, 2021 - 4:04pm

Krasnodar, November 26, 2021: Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the termination of the right of VTB Bank (PJSC) (hereinafter "VTB Bank") and its controlled entities to dispose a certain number of votes accounted for voting shares in the charter capital of PJSC Magnit (hereinafter - "Votes on Magnit shares" or "Votes").

Key Points: 
  • Krasnodar, November 26, 2021: Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the termination of the right of VTB Bank (PJSC) (hereinafter "VTB Bank") and its controlled entities to dispose a certain number of votes accounted for voting shares in the charter capital of PJSC Magnit (hereinafter - "Votes on Magnit shares" or "Votes").
  • On November 25, 2021 VTB Bank published the information that on November 23, 2021 VTB Bank terminated its right to dispose a certain number of Votes on Magnit shares [1] .
  • The Company was also notified of the termination of the right of entities controlled by VTB Bank to dispose a certain number of Votes on Magnit shares.
  • The information below is based on the notice published by VTB Bank, as well as on the notifications received from the respective entities controlled by VTB Bank.

VTB Group announces IFRS financial results for October and 10M 2021

Retrieved on: 
Friday, November 26, 2021 - 7:05am

VTB Bank, the parent company of VTB Group ("the Group"), today publishes its unaudited consolidated financial results in accordance with IFRS for October and10 months of 2021.

Key Points: 
  • VTB Bank, the parent company of VTB Group ("the Group"), today publishes its unaudited consolidated financial results in accordance with IFRS for October and10 months of 2021.
  • VTB Group's net profit increased 4.3x year-on-year to RUB 279.9 billion in 10M 2021 and 4.1x year-on-year to RUB 22.3 billion in October 2021.
  • Return on equity was 17.3% in 10M 2021 and 12.5% in October 2021, up from 4.5% and 3.7% year-on-year, respectively.
  • Net interest income amounted to RUB 532.9 billion in 10M 2021 and RUB 57.2 billion in October 2021, increasing by 22.5% and 20.7%, respectively, year-on-year.

VTB Group announces intention to sell its stake in Magnit

Retrieved on: 
Monday, November 22, 2021 - 7:19pm

VTB Group announces intention to sell approximately 17.28% of ordinary shares of PJSC "Magnit" ("Magnit" or the "Company").

Key Points: 
  • VTB Group announces intention to sell approximately 17.28% of ordinary shares of PJSC "Magnit" ("Magnit" or the "Company").
  • VTB Group has agreed to sell 12.13% of ordinary shares of PJSC "Magnit" to Marathon Group in the Private Sale.
  • As a result of the Transaction VTB Group intends to fully divest its stake in PJSC "Magnit".
  • Such information is not the responsibility of VTB Capital plc, VTB Bank (PJSC), LLC "VTB Infrastructure Investments" or Marathon Group and has not been independently verified by VTB Capital plc, VTB Bank (PJSC), LLC "VTB Infrastructure Investments" or Marathon Group.

VTB Bank's Sustainable Development Strategy for 2022 - 2025 has been approved

Retrieved on: 
Monday, November 22, 2021 - 7:19pm

The Supervisory Board of VTB has approved VTB Bank's Sustainable Development Strategy for 2022-2025.

Key Points: 
  • The Supervisory Board of VTB has approved VTB Bank's Sustainable Development Strategy for 2022-2025.
  • We believe that achieving sustainable development goals is possible only by working in such partnership, and this principle is at the heart of our ESG strategy.
  • The five key areas of work to achieve VTB's sustainable development goals set in the Strategy are as follows:
    Creating financial opportunities to improve life quality: For VTB, the key factor of the sustainable development agenda is the social one.
  • Contribution to sustainable economic development: VTB has created a centre for providing expertise and advice to clients on sustainable development issues.