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Bank VTB PAO (VTBRq.L)

VTBRq.L on London Stock Exchange

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8 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Bank VTB increases its stake in RusHydro
Wednesday, 14 Jun 2017 02:40am EDT 

June 14 (Reuters) - RUSHYDRO ::SAYS BANK VTB <<>> INCREASES ITS STAKE IN COMPANY TO 13.5% FROM 4.6%.  Full Article

Russia's Gazprom gets 300 mln euro loan from VTB - bank
Tuesday, 13 Jun 2017 06:11am EDT 

June 13 (Reuters) - Gazprom ::Gazprom has obtained a 300-million-euro ($336.30 million) loan for up to 10 years from Russia's second-biggest bank VTB <<>>, VTB said in a statement..VTB said the insurance coverage was provided by Austria's export credit agency OeKB. .  Full Article

Kamaz receives RUB 2 billion credit from VTB‍​
Tuesday, 6 Jun 2017 04:14am EDT 

June 6 (Reuters) - VTB :SAYS PROVIDES RUB 2 BILLION CREDIT FOR KAMAZ <<>>‍​.  Full Article

VTB 4-month net profit up at RUB 35.3 billion
Tuesday, 30 May 2017 02:46am EDT 

May 30 (Reuters) - VTB ::4-MONTH NET PROFIT WAS RUB 35.3 BILLION (27 TIMES INCREASE YEAR-ON-YEAR).NET INTEREST INCOME WAS RUB 150.3 BILLION IN 4M 2017, UP 13.4% YEAR-ON-YEAR.SAYS 4-MONTH NET INTEREST MARGIN 4.1% VERSUS 3.5% YEAR AGO.TOTAL PROVISION CHARGES FOR IMPAIRMENT OF DEBT FINANCIAL ASSETS AND FOR IMPAIRMENT OF OTHER ASSETS, CREDIT RELATED COMMITMENTS AND LEGAL CLAIMS AMOUNTED TO RUB 59.7 BILLION IN 4M 2017.NPL RATIO WAS 6.6% OF TOTAL GROSS LOANS AS OF 30 APRIL 2017, UP 10 BPS MONTH-ON-MONTH AND 20 BPS YEAR-TO-DATE.SAYS 4-MONTH NET FEE AND COMMISSION INCOME OF RUB 26.3 BILLION VERSUS RUB 23.7 BILLION YEAR AGO.  Full Article

Russia's VTB 2-month net profit rises to RUB 20.4 bln
Tuesday, 28 Mar 2017 03:07am EDT 

VTB : Net profit in 2M 2017 increased 10 times to 20.4 billion roubles ($357.73 million) compared to net profit of 2.1 billion for 2M 2016 . In 2M 2017, net interest income was 72.9 billion roubles, up 14.4 percent year-on-year . In 2M 2017, net fee and commission income grew 6.0 percent year-on-year to 12.3 billion roubles . Total provision charges amounted to 19.4 billion roubles in 2M 2017, down 36.8 percent yoy . The NPL ratio was 6.6 percent of total gross loans as of Feb 28, 2017, up 20 bps year-to-date .The NPL coverage ratio was 104.4 percent (31 December 2016: 104.6 percent).  Full Article

Russia's Rushydro, VTB sign deal to recapitalise Rushydro by $945 million
Tuesday, 7 Mar 2017 03:02am EST 

Russia's Rushydro says : Rushydro and VTB sign deal to recapitalise Rushydro by 55 billion roubles ($945 million); . Rushydro to issue shares worth 40 billion roubles and sell treasury shares worth 15 billion roubles to VTB. The bank will get around 13 percent of Rushydro's shares; Further company coverage: [HYDR.MM] ($1 = 58.1864 roubles) (Reporting By Moscow Newsroom) ((Moscow.Newsroom@thomsonreuters.com;)).  Full Article

RusHydro and VTB Bank delay RUB 55 bln contract due to "technical reasons"
Tuesday, 7 Feb 2017 06:13am EST 

:. RusHydro and VTB Bank have postponed signing of forward contract for 55 billion roubles ($925.1 million) deal due to "technical reasons" .. On Tuesday RusHydro planned to sign forward contract with VTB to refinance debt of RAO ES of East ; deal has already been discussed for several years .. Signing of contract was scheduled at 10.00 MSK, however after 20 minutes of delay organizers say it is postponed due to "technical reasons" .. RusHydro and VTB press services say a new date will be scheduled later, while all agreements for the transaction are valid For further company coverage [HYDR.MM], [VTBR.MM] For the story in Russian, click [nL5N1FS2PZ] ($1 = 59.4525 roubles) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Russia's TMK launches secondary share offering
Wednesday, 1 Feb 2017 12:16am EST 

TMK (Trubnaya Metallurgicheskaya Kompaniya) : Announces the launch of a fully-marketed secondary public offering of up to 138,888,888 existing ordinary shares of the company by its wholly owned subsidiary Rockarrow Investments Limited; . TMK shares to be offered in the price range of 74.5 roubles ($1.24) to market price, bookrunner says; . The offering represents around 13.44 percent of TMK shares. . Net proceeds from the offering will be used to purchase 138,888,888 ordinary shares of the company from VTB . .Credit Suisse Securities (Europe) Limited, Morgan Stanley & Co. International plc and VTB Capital are acting as joint global coordinators and together with Aton LLC as joint bookrunners in connection with the offering..  Full Article

Russia's TMK launches secondary share offering
Tuesday, 31 Jan 2017 02:06pm EST 

TMK (Trubnaya Metallurgicheskaya Kompaniya) : Announces the launch of a fully-marketed secondary public offering of up to 138,888,888 existing ordinary shares of the company by its wholly owned subsidiary Rockarrow Investments Limited; . TMK shares to be offered in the price range of 74.5 roubles ($1.24) to market price, bookrunner says; . The offering represents around 13.44 percent of TMK shares. . Net proceeds from the offering will be used to purchase 138,888,888 ordinary shares of the company from VTB . .Credit Suisse Securities (Europe) Limited, Morgan Stanley & Co. International plc and VTB Capital are acting as joint global coordinators and together with Aton LLC as joint bookrunners in connection with the offering..  Full Article

Russia's Polyus says Sukhoi Log is a unique asset
Thursday, 26 Jan 2017 06:48am EST 

Russia's largest gold producer Polyus said on Thursday, after its joint venture with Rostec won a state auction to develop the Sukhoi Log gold deposit: It believes the Sukhoi Log deposit is a unique asset, which perfectly fits Polyus portfolio of large-scale open-pit operations; . Polyus expects to acquire a 23.9 percent stake in the joint venture from Rostec after obtaining the license for $141 million, paid in instalments over the next five years; . Taking into account the fact that the Sukhoi Log and Verninskoye deposits' ores have similar mineral and chemical composition, Polyus will evaluate the applicability of the processing solutions implemented at Verninskoye to the Sukhoi Log deposit; . Polyus expects a formal announcement of the auction results to be released by officials by the end of February, it may then take up to three months or potentially longer for Russia to issue the license for Sukhoi Log to the joint venture. Further company coverage: [PLZL.MM] (Reporting by Moscow Newsroom) ((Polina.Devitt@thomsonreuters.com;)).  Full Article

Russia's VTB CEO says loan talks with China's CEFC ongoing

MOSCOW, Nov 28 Talks between Russian bank VTB and China's CEFC on a loan to the Chinese company seeking to buy a stake in Russian oil company Rosneft are ongoing, VTB Chief Executive Andrey Kostin told reporters on Tuesday.