VTB Hits Road to Reassure Investors

Kostin Jr. VTB, Russia’s second-largest lender, will hold roadshows for investors in London and New York to allay concerns about the black hole in the balance sheet of its new acquisition, Bank of Moscow, which received a $14 billion state-backed bailout last week. As a part of the bailout, to which the government will contribute $10.6 billion, VTB will increase its stake in Bank of Moscow to 75 percent. Investors, however, […]