VTB Bank

JSC VTB Bank:

Retrieved on: 
Friday, August 7, 2020
VTB Bank, Magnit, Companies, Economy of Russia

A partnership program with Magnit has been launched: Magnit clients receive bonuses when opening a brokerage account with VTB Online.

Key Points: 
  • A partnership program with Magnit has been launched: Magnit clients receive bonuses when opening a brokerage account with VTB Online.
  • VTB upgraded its Closer to Business information and training portal, which was created specifically to support entrepreneurs and business leaders.
  • A Bank employee fills out an application for the client over the phone and sends the document for signature through VTB Online.
  • The client then signs the contract; the funds are credited instantly, and the documents are stored in VTB Online.

VEON Announces the Refinancing of Its RUB 30 Billion Loan Agreement With VTB

Retrieved on: 
Thursday, July 9, 2020
Companies, Telenor, Alfa Group, VEON, VEON, VTB Bank, Refinancing, Economy of Russia, Economy

AMSTERDAM, July 9, 2020 /PRNewswire/ --VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON) announced today that its subsidiary VEON Holdings B.V. has successfully refinanced its existing RUB 30 billion, approximately USD 422 million1, bilateral term loan agreement with VTB Bank.

Key Points: 
  • AMSTERDAM, July 9, 2020 /PRNewswire/ --VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON) announced today that its subsidiary VEON Holdings B.V. has successfully refinanced its existing RUB 30 billion, approximately USD 422 million1, bilateral term loan agreement with VTB Bank.
  • This refinancing will extend the maturity and reduce the cost of the existing loan between VTB Bank and VEON Holdings.
  • VEON Group Chief Financial Officer Serkan Okandan commented: "This transaction is another step in our continued focus on improving VEON's capital structure and enhancing our RUB financings.
  • 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.

VTB Group announces IFRS financial results for May and 5M 2020

Retrieved on: 
Tuesday, June 30, 2020
VTB Bank, Economy of Russia, 5M, Rub, Companies

VTB Bank, the parent company of VTB Group (the "Group"), today publishes its unaudited consolidated financial results in accordance with IFRS for May and the first five months of 2020.

Key Points: 
  • VTB Bank, the parent company of VTB Group (the "Group"), today publishes its unaudited consolidated financial results in accordance with IFRS for May and the first five months of 2020.
  • Net interest income was RUB 209.0 billion for 5M 2020 and RUB 47.3 billion in May 2020, increasing by 18.2% and 28.2% year-on-year, respectively.
  • Net interest margin was 3.7% for 5M 2020 and 4.1% in May 2020 (an increase of 40 bps and 80 bps year-on-year, respectively).
  • Provision charges amounted to RUB 74.8 billion for 5M 2020 and RUB 12.4 billion in May 2020, increases of 116.8% and 113.8% year-on-year, respectively.

VTB Group has published its 2019 Annual Report

Retrieved on: 
Monday, June 29, 2020
VTB Bank, Financial Conduct Authority, Economy of Russia, Companies, Organizations

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement, transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • VTB Group has published its 2019 Annual Report prepared in accordance with Financial Conduct Authority (FCA) disclosure rules.
  • The document can be viewed or downloaded at VTB Group's website: https://www.vtb.com/akcionery-i-investory/
    A copy of the document has also been submitted to the National Storage Mechanism and will shortly be available at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism

ROSTELECOM PJSC: Rostelecom ordinary shares consolidated under a single ticker RTKM

Retrieved on: 
Friday, June 26, 2020
Economy of Russia, Companies, Financial markets, Digital television, Internet television, Rostelecom, Moscow Exchange, VTB Bank, Acra, National Settlement Depository, MOEX

Moscow, Russia - June 26, 2020 - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital service provider in Russia, today announces that the Bank of Russia has withdrawn the individual 035D code for Rostelecom's additional shares, issued as part of Tele2 100% acquisition, in order to consolidate all Company's ordinary shares under a single ticker.

Key Points: 
  • Moscow, Russia - June 26, 2020 - Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), the largest integrated digital service provider in Russia, today announces that the Bank of Russia has withdrawn the individual 035D code for Rostelecom's additional shares, issued as part of Tele2 100% acquisition, in order to consolidate all Company's ordinary shares under a single ticker.
  • Once the VTB Registrator, Rostelecom's leading securities register, provides the necessary information to the National Settlement Depository (NSD), the Moscow Stock Exchange will launch trading under the single "RTKM" ticker, under which ordinary shares amounting to a total volume of 3,282,997,929 will be traded.
  • Rostelecom is the largest integrated digital services and products provider, operating in all segments of the telecommunications market in Russia.
  • Rostelecom has been assigned 'BBB-' and 'BB+' international credit ratings by Fitch Ratings and Standard & Poor's respectively, and AA(RU) by ACRA.

Publication of Prospectus, Charter and Amendment to Charter in compliance with Listing Rules 14.3.11R and 18.4.3R

Retrieved on: 
Thursday, May 21, 2020
Depositary receipts, Finance, Financial markets, Financial services, VTB Bank, Banking, Global depository receipt, Prospectus

PJSC VTB Bank (LSE and MOEX trading symbol: VTBR), one of the largest Russian banks and a global provider of financial services announces that, in compliance with Listing Rules 14.3.11R and 18.4.3R, VTB has forwarded to the FCA for publication a copy of the Prospectus dated 11 May 2007, the Prospectus dated 14 February 2011, VTB Charter (translated in English) and its Amendment which are the documents thatset out the terms and conditions on which its ordinary shares and the global depositary receipts representing its ordinary shares were issued.

Key Points: 
  • PJSC VTB Bank (LSE and MOEX trading symbol: VTBR), one of the largest Russian banks and a global provider of financial services announces that, in compliance with Listing Rules 14.3.11R and 18.4.3R, VTB has forwarded to the FCA for publication a copy of the Prospectus dated 11 May 2007, the Prospectus dated 14 February 2011, VTB Charter (translated in English) and its Amendment which are the documents thatset out the terms and conditions on which its ordinary shares and the global depositary receipts representing its ordinary shares were issued.
  • For more information please contact:

VTB Management Board forgoes 2019 bonus payment in April

Retrieved on: 
Wednesday, April 22, 2020
VTB Bank, Economy of Russia, Dividend, Companies

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

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • VTB Bank Management Board decided to suspend paying out its bonuses for 2019in April 2020.
  • Uncertainties in the assessment of ramifications of COVID-19 pandemic on the economy and the banking industry make the payment of bonuses to the Management Board inexpedient at this time.
  • The Management Board recommended that the Supervisory Council addresses the bonus issue for 2019 later in the year, but no earlier than September 2020, after considering the dividend payment for 2019 when VTB Group's net profit amounted to RUB 201.2 bn.

EQS-News: PJSC Mechel : Mechel Reports Selling Elga Coal Complex and Completing Restructuring Process with State-Controlled Lender Banks

Retrieved on: 
Wednesday, April 22, 2020
Mechel, Economy of Russia, Companies, VTB Bank, OOO, Leverage, Economy

In accordance with this agreement, Mechel has sold its 51-percent of the shares of Elgaugol OOO, Elga-Doroga OOO and Mechel Trans Vostok OOO to A-Property OOO.

Key Points: 
  • In accordance with this agreement, Mechel has sold its 51-percent of the shares of Elgaugol OOO, Elga-Doroga OOO and Mechel Trans Vostok OOO to A-Property OOO.
  • The overall restructured debt to Gazprombank and VTB Bank will total 237 billion rubles after Mechel repay part of its debt with proceeds received from selling Elga.
  • "With the current economic situation and our debt leverage in mind, we made a difficult but well-considered and informed decision to sell Elga Coal Complex.
  • This will enable us to retain financial and social stability in Mechel Group's operations and ensure Mechel Group's further development," Mechel PAO's Chief Executive Officer Oleg Korzhov noted.

Polymetal: VTB invests in Veduga to streamline ownership structure and advance project development

Retrieved on: 
Friday, April 17, 2020
Economy of Russia, Companies, VTB Bank, Polymetal International, Balance sheet, Polymetal, Economy

The creative transaction structure allows us to benefit from the financial strength of VTB without straining our own balance sheet.

Key Points: 
  • The creative transaction structure allows us to benefit from the financial strength of VTB without straining our own balance sheet.
  • Crucially, Polymetal now has a clear path to 100% ownership", said Vitaly Nesis, Group CEO of Polymetal.
  • We are fully committed to developing an innovative financing and advisory offering which will allow Polymetal to advance its long-term strategy.
  • VTB will initially acquire a 25.7% stake in Amikan LLC (Amikan), the owner of Veduga gold project ("Project"), from the existing minority shareholders for cash consideration of US$ 36 million.

VTB Postpones Annual General Meeting of Shareholders

Retrieved on: 
Tuesday, April 14, 2020
Meetings, Shareholders, VTB Bank, Annual general meeting, Economy of Russia, Companies, Corporate law, Business law, Articles, English law

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

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • In line with recommendations of the Central Bank of Russia the Supervisory Council of VTB Bank (PJSC) cancelled its earlier decision to hold the Annual General Meeting of Shareholders on June 3, 2020.
  • The date of Annual General Meeting of Shareholders and the record date for determining the list of persons eligible for participation in the Meeting will be set out by separate decisions of the Supervisory Council.
  • According to the current legislation the Annual General Meeting of Shareholders in 2020 shall be held no later than September 30.