VTB

Credit Suisse to Pay Nearly $475 Million to U.S. and U.K. Authorities to Resolve Charges in Connection with Mozambican Bond Offerings

Tuesday, October 19, 2021 - 7:38pm

Credit Suisse failed to disclose the full extent and nature of Mozambique's indebtedness and the risk of default arising from these transactions.

Key Points: 
  • Credit Suisse failed to disclose the full extent and nature of Mozambique's indebtedness and the risk of default arising from these transactions.
  • Our action against Credit Suisse today is yet another example of our close and successful coordination with counterparts in Europe and Asia.
  • Credit Suisse agreed to pay disgorgement and interest totaling more than $34 million and a penalty of $65 million to the SEC.
  • Without admitting or denying the findings, VTB Capital agreed to pay over $2.4 million in disgorgement and interest along with a $4 million penalty.

VTB LAUNCHES ESG INITIATIVES

Thursday, October 14, 2021 - 2:29pm

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

Wednesday, October 6, 2021 - 12:08pm

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.

CAPREIT Acquires Québec City Portfolio & Sells Two Non-Core Properties

Friday, October 1, 2021 - 10:30pm

TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has completed the acquisition of a portfolio of three apartment buildings located in Qubec City aggregating 260 residential suites.

Key Points: 
  • TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has completed the acquisition of a portfolio of three apartment buildings located in Qubec City aggregating 260 residential suites.
  • CAPREIT paid $72.8 million for the portfolio, funded by CAPREITs Acquisition and Operating Facility.
  • Constructed between 2012 and 2015, these modern high-quality properties are located in a small cluster in Qubec City overlooking the St. Lawrence River close to Old Qubec and other prominent tourist and shopping destinations.
  • Including 24 one-bedroom, 115 two-bedroom and 121 three-bedroom apartments, average suite size across the portfolio is an extensive 1,260 square feet.

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

Thursday, September 30, 2021 - 9:03am

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.

VTB Bank announces RAS financial results (standalone) for August and 8M 2021

Wednesday, September 8, 2021 - 4:09pm

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

Key Points: 
  • VTB Bank (PJSC) (hereinafter referred to as the Bank) publishes its standalone key RAS financial results for August and eight months of 2021.
  • Net profit was RUB 179.4 billion in 8M 2021, including RUB 25.1 billion in August 2021, 3.4 times and 93 times up year-on-year, respectively.
  • Provision charge amounted to RUB 71.9 billion in 8M 2021 (down 54.1% year-on-year) and RUB 1.2 billion for August 2021 (down 93.8% year-on-year).
  • 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.