VTB Bank Plans $3.3Bln Moscow Share Sale

The Moscow Times
Sunday 17th March, 2013

VTB, Russia’s No. 2 bank, set out plans for a 100 billion ruble ($3.3 billion) share sale in Moscow, that could signal a desire to secure sources of funding if talks with sovereign wealth funds come to nothing. VTB needs to raise its capital buffer to meet tighter regulatory requirements and give it freedom to make more loans to Russian consumers and businesses. The long-planned share sale will take place via the Moscow Exchange,

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