VTB Bank

Correction: VTB Group announces intention to sell its stake in Magnit

Retrieved on: 
Monday, November 22, 2021
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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 12.88% 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".
  • Following the acquisition of 12.88% stake in PJSC "Magnit" Marathon Group will increase its stake in the Company to 29.75%, becoming the largest shareholder of Magnit.

VTB Group relays the following statement made by Marathon Group in relation to its earlier announced intention to sell the stake in PJSC 'Magnit:

Retrieved on: 
Monday, November 22, 2021
VTB, PJSC, Acquisition, Company, Vinokurov, Federal Antimonopoly Service, Leadership, Marathon, VTB Bank, Board, Offering, Intention, Hyperion Pictures, Cryptocurrency, Security (finance)

VTB Group relays the following statement made by Marathon Group in relation to its earlier announced intention to sell the stake in PJSC 'Magnit:

Key Points: 
  • VTB Group relays the following statement made by Marathon Group in relation to its earlier announced intention to sell the stake in PJSC 'Magnit:
    Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • VTB Group relays the following statement made by Marathon Group in relation to its earlier announced intention to sell the stake in PJSC "Magnit:
    Marathon Group announces intention to acquire approximately 12.88% of the ordinary shares of PJSC "Magnit" ("Magnit" or the "Company") from VTB Group.
  • It is expected that the remaining 4.40% stake in the Company owned by VTB Group will be offered to institutional and individual investors through an accelerated bookbuilding (the "Offering").
  • Marathon Group will acquire Magnit's shares from VTB Group at a price per share to be determined in the Offering.

VTB Group announces sale of its stake in Magnit

Retrieved on: 
Monday, November 22, 2021
Prejudice, Qualifying investor alternative investment fund, Company, INTO, Prospectus, LLC, US, Federal law, Investment, FCA, Securities market, Hyperion Pictures, Transaction, Relevance (Person of Interest), Security (finance), Directive 2014/65/EU, Federal Antimonopoly Service, VTB Capital, Person, Financial services, EEA, THIS, United Kingdom, Joint-stock company, Withdrawal, Public expenditure, RUB, Sale, PJSC, Delegate, European Union, Advertising, VTB Bank, Financial Services and Markets Act 2000, Goal, Securities Act of 1933, Manufacturing, Finance, Communication, Union, Offering, THE, Bank

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

Key Points: 
  • VTB Group announces the sale of approximately 17.28% of ordinary shares of PJSC "Magnit" ("Magnit" or the "Company").
  • Remaining approximately 12.4% of the Company's shares will be sold to Marathon Group at RUB 5,700 per share.
  • As a result of the Transaction, VTB Group will fully divest its stake in PJSC "Magnit", while Marathon Group will increase its stake in the Company to approximately 29.2%, becoming the largest shareholder of 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 holds extraordinary General Shareholders' Meeting

Retrieved on: 
Monday, November 22, 2021
State Supervisory Council, VTB, Charter, VTB Bank, ESG, Bank, Regulation, Property management

On 22 November 2021, VTB Bank summed up the results of the extraordinary General Shareholders' Meeting that was held in the form of absentee voting.

Key Points: 
  • On 22 November 2021, VTB Bank summed up the results of the extraordinary General Shareholders' Meeting that was held in the form of absentee voting.
  • The shareholders approved the amendments to the Bank's internal documents - specifically, the Charter and the Regulation of the VTB Supervisory Council.
  • In particular, the Supervisory Council is now responsible for approving the matters of VTB Bank's ESG activities.
  • The meeting participants also approved VTB's membership in the Global Compact National Network Association, an international corporate social responsibility and sustainable development initiative for businesses.

VTB Bank announces RAS financial results (standalone) for October and 10M 2021

Retrieved on: 
Thursday, November 11, 2021
Efficiency, VTB Bank, PJSC, Acceleration, RAS, Senior, Income, Growth, Investment, RUB, Bank, Russia, Small business, CET, Operational risk, SMA, Regulation, Central Bank of Russia, Cryptocurrency, Real estate, Animal

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

Key Points: 
  • VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for October and ten months of 2021.
  • Net interest income and net fee and commission income increased by 28% and 22% respectively in 10M 2021.
  • Net profit was RUB 237.5 billion in 10M 2021, including RUB 33.9 billion in October 2021, 4.5 times and 212 times up year-on-year, respectively.
  • 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.

Polymetal: The Board approves construction of the Veduga gold project

Retrieved on: 
Monday, November 8, 2021
Population, Project, Carbon footprint, VTB Bank, Resource management, AngloGold Ashanti, Arch dam, Electricity, Gold, Ownership, Polymetal, VTB, Transport, Water, Mineral, Krasnoyarsk Krai, Sport, Animal, Amursk, Drainage, LOM, Carbon, Company, Mining, JV, Rail transport, Copper

The Veduga deposit is a gold-sulphide mineralised formation and belongs to the pyrite-arsenopyrite-antimonite mineral type.

Key Points: 
  • The Veduga deposit is a gold-sulphide mineralised formation and belongs to the pyrite-arsenopyrite-antimonite mineral type.
  • The underground mine will utilise open stope mining followed by cemented paste backfill, with ore hauling by skip shaft.
  • Veduga gold project will further reinforce Polymetal's sustainable development strategy.
  • Veduga project will not disturb the wildlife and land in the area of its operation.

VTB Group announces IFRS results for 3Q 2021

Retrieved on: 
Wednesday, October 27, 2021
Online, Efficiency, Partnership, Ageing, VTB Capital, Investment, Apple, Maintenance, NPL, Sustainable development, Skolkovo Foundation, Tax, USD, Principles for Responsible Investment, Group, Google, Insurance, Socially responsible investing, ETF, SME, Income, Internet, Federation, Global Banking & Finance Review, VTB Bank, Human voice, PRI, Compliance, Goal, The Banker, Mir, Micro-enterprise, Risk, Gold, RUB, Sale, Bank, Apple Pay, ATM, Growth, Contract, Risk management, Demo, Small business, Visa, ESG, Medium, Far Eastern Federal District, CIS, Documentation, M&A, VTB, P2P, Real estate, Security (finance), Financial services, Online shopping, Cryptocurrency, Bookkeeping

Net interest margin was 3.8% in 9M 2021 and 3.9% in 3Q 2021, compared with 3.8% in the same periods last year.

Key Points: 
  • Net interest margin was 3.8% in 9M 2021 and 3.9% in 3Q 2021, compared with 3.8% in the same periods last year.
  • Provision charge amounted to RUB 78.4 billion in 9M 2021 and RUB 24.1 billion in 3Q 2021, decreasing by 57.8% and 66.5% year-on-year, respectively.
  • Staff costs and administrative expenses amounted to RUB 205.9 billion in 9M 2021 and RUB 70.3 billion in 3Q 2021, increases of 7.2% and 11.6% year-on-year, respectively.
  • In early September 2021, VTB launched a car subscription service for payroll customers and VTB Group employees.

VTB LAUNCHES ESG INITIATIVES

Retrieved on: 
Thursday, October 14, 2021
Bank, Government, VTB Bank, Social support, Climate change, Growth, Moscow Exchange, Compliance, Housing, Saint Petersburg State University Graduate School of Management, St. Petersburg State University of Refrigeration and Food Processing Technologies, Risk management, Graduate school, Investment, ESG, Carbon, Partnership, VTB, Lithium, Renewable energy

VTB Group is set to launch a Russia-wide ESG platform.

Key Points: 
  • VTB Group is set to launch a Russia-wide ESG platform.
  • In total, the ESG platform's perimeter includes about 20 areas of VTB Group's activities.
  • The new ESG strategy will be adopted by the end of 2021 and will include the following priority areas: responsible financing, including advising clients on improving the ESG side of their business, engaging clients in ESG projects and initiatives, investing in socially significant projects, sponsorship and philanthropy, organisational development, and building an ESG governance model, including related risk management.
  • VTB Group offers ESG products across all business segments, including placing green bonds, financing green industries, Russia's first open-ended mutual funds for responsible investment, and retail eco-projects.

VTB Bank announces RAS financial results (standalone) for September and 9M 2021

Retrieved on: 
Wednesday, October 6, 2021
SMA, Internet, Small business, Russia, RUB, Income, RAS, VTB, Central Bank of Russia, Senior, VTB Bank, Regulation, Growth, Operational risk, PJSC, Bank, Acceleration, CET, OFZ (bond), Cryptocurrency, Pension fund

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

Key Points: 
  • VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for September and nine months of 2021.
  • In 9M 2021, the Bank showed robust growth in profitability metrics.
  • Net profit was RUB 203.7 billion in 9M 2021, including RUB 24.3 billion in September 2021, 3.9 times and 270 times up year-on-year, respectively.
  • 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.

VTB Group announces IFRS financial results for August and 8M 2021

Retrieved on: 
Thursday, September 30, 2021
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VTB Bank, the parent company of VTB Group (the "Group"), today publishes its unaudited consolidated financial results in accordance with IFRS for August and eight 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 August and eight months of 2021.
  • The Group earned RUB 231 billion in 8M 2021, which corresponds to a return on equity of 18.2%.
  • VTB Group's net profit was RUB 231.4 billion in 8M 2021 and RUB 30.5 billion in August 2021, increasing 4.4x and 3.1x, respectively, year-on-year.
  • Return on equity was 18.2% in 8M 2021 and 17.4% in August 2021, up from 4.6% and 6.8% year-on-year, respectively.