Russian retail investors ask VTB to compensate them for foreign losses
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW – A few dozen Russian retail investors handed in a letter to the country’s…
Russian bank VTB doesn’t see merger with rival happening before autumn -newspaper
(Reuters) – VTB, Russia’s second-largest lender, does not think a proposed merger with fellow state-run bank Otkritie will take place before autumn, Kommersant newspaper said on Tuesday. Both banks have been targeted…
VTB says Russian banks could get $52 billion boost if country ditches Basel rules
(Reuters) – Russia’s banks could get a 3.3 trillion rouble ($52 billion)capital boost if the central bank ditches Basel capital requirements, the head of VTB Bank Andrey Kostin said on Thursday. Russia…
Russia faces risk of “orchestrated” default on state debt -VTB CEO
(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the CEO of Russia’s second-largest lender VTB Andrey…
Russian bank VTB no longer has control of European subsidiary -German regulator
FRANKFURT – Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions, German regulator BaFin said on Sunday. The European Union on Friday…
Russian banks need to be recapitalised as losses loom, VTB CEO says
(Reuters) – Russia’s banks will need a wider recapitalisation, Andrey Kostin, CEO of No.2 lender VTB, has told the TASS news agency, with the scale of it to be determined later this…
Sanctioned Russian bank VTB sees strong demand for gold bars
(Reuters) – Russia’s second-largest lender VTB, hit by Western sanctions over Moscow’s actions in Ukraine, has sold one tonne of gold to customers this month and expects demand to increase, the state-controlled…
Russia’s VTB to hand over servicing of foreign securities to other firms – TASS
– Russia’s second-largest state lender VTB, which has been targeted by Western sanctions, said on Thursday it would hand over servicing of foreign securities to other Russian financial companies, the TASS state…
Russia’s VTB to hike mortgage rates by four percentage points to 15.3%
MOSCOW – Russia’s No. 2 lender VTB will hike mortgage rates by four percentgae points to 15.3% from Feb. 28, it said on Sunday, with harsh new Western sanctions forcing the bank…
London Stock Exchange suspends VTB Capital’s membership
LONDON – The London Stock Exchange said on Friday it has suspended VTB Capital’s membership following Britain’s sanctions in retaliation for Russia’s invasion of Ukraine. The suspension means that VTB Capital, owned…
Biden says VTB, other Russian banks to be sanctioned
WASHINGTON – U.S. President Joe Biden said on Thursday that Russia’s second largest lender VTB is among the Russian banks that will be sanctioned as a result of the conflict with Ukraine.…
Russia’s VTB asks corporate clients to stay away from forex transactions, Ifax says
MOSCOW – Russian state bank VTB, the country’s second biggest bank, Russia’s no.2 bank, asked its corporate clients to refrain from transactions in U.S. dollars and euros to ‘minimize risks given current…
Russia’s Sberbank and VTB would face sanctions if invasion proceeds, U.S. official says
WASHINGTON – Russia’s Sberbank and VTB would face American sanctions if Moscow proceeds with its invasion of Ukraine, a senior U.S. administration official told reporters on Tuesday, warning that no Russian financial…
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