|Bid||0.00000 x 80000000|
|Ask||0.00000 x 2201000000|
|Day's Range||0.04856 - 0.05295|
|52 Week Range||0.04421 - 0.06860|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.06|
VTB Bank Chairman and President Andrey Kostin responds to reports regarding alleged shunning by the Americans of Russians at the World Economic Forum in Davos, Switzerland amid icy tensions between the two nations.
MOSCOW (Reuters) - Russia's VTB Bank sees the Magnit supermarket chain only growing organically rather than via mergers and acquisitions, the Interfax news agency cited Yuri Soloviev, a senior executive ...
Russia's Promsvyazbank is to receive up to 1 trillion roubles ($17.60 billion) in the defence sector's loans which will be transferred mainly from state banks Sberbank and VTB, Russia's Finance Minister told reporters on Thursday. Anton Siluanov also said PSB would receive between 80 billion roubles and 100 billion roubles in capital via special instruments the Russian government used in previous years to support the banking sector. The owners of Promsvyazbank agreed to a central bank bailout last year and the lender is due to be transferred to the state to serve the defence sector amid the risk of expansion of Western sanctions.
MOSCOW/PARIS, Feb 7 (Reuters) - Russian businessman and lawmaker Suleiman Kerimov is in talks with the majority shareholders of Russia's Vozrozhdenie bank about buying their stake in the lender, two sources close to the talks told Reuters on Wednesday. The bank's majority owners, brothers Dmitry and Alexei Ananyev, are required by the Russian central bank to reduce their stake to 10 percent, under the terms of a bailout for another lender the brothers controlled.
Russia's cleanup of its banks is more than half complete, central bank Governor Elvira Nabiullina said on Friday. Since Nabiullina took the helm in mid-2013, Russia has lost around a half of its banks, with some collapsing and others taken over by the central bank in a bailout. The biggest were Otkritie, B&N and Promsvyazbank (PSB), seized by the central bank last year.
International asset managers appear unfazed by Washington's move to name a group of business "oligarchs" as close to the Kremlin, with many saying on Tuesday that they were seeking an opportunity to add to their Russia exposure. The list compiled as part of a sanctions package signed into law in August named 210 people close to the Kremlin. The names include the heads of Russia's top two lenders Sberbank and VTB, metals magnates from Norilsk Nickel , Rusal and Severstal and the boss of the state gas monopoly Gazprom.
World stocks were stuck in their biggest two-day dive in almost six months on Tuesday and commodities were also jammed in reverse, as nerves about rising global borrowing costs cooled financial markets' euphoric start to the year. Lacklustre German state inflation numbers had halted U.S. Treasury yields - the benchmark for world lending rates - at 2.7 percent in Europe, but with an action-packed day ahead for U.S. markets the mood remained nervy.
Emerging market equities tumbled 1.3 percent on Tuesday after a spike in U.S. bond yields and a tech-led slide on Wall Street dampened risk appetite, but Russian shares rebounded on relief the U.S. had ...
Russian state bank VTB said on Wednesday it had agreed to loan 5 billion euros to China's CEFC to finance the purchase of shares in Rosneft, the RIA news agency reported. VTB Chief Executive Andrey Kostin ...
The threat of new U.S. sanctions has spread anxiety among Russia's wealthiest people that their association with President Vladimir Putin could land them on a U.S. government blacklist, members of the business elite say. The list, to be drawn up by early next year, is part of a sanctions bill passed overwhelmingly by Congress soon after Donald Trump became president and reluctantly signed by him on Aug. 2 despite his avowed wish to improve ties with Moscow. Although those included on the list would not automatically be sanctioned, six people who are part of the business elite or close to the Kremlin said it was a major concern because the criteria for inclusion and the consequences were unclear.
Russia's improving economy has removed the main impetus for privatisations planned for this year, allowing policymakers who always doubted the wisdom of selling state assets to re-gain the upper hand, according to interviews with multiple officials. Russia's finance ministry initially planned to raise 138 billion roubles ($2.39 billion) from privatisation this year, mainly from selling a stake in the shipping company Sovcomflot and reducing its holdings further in VTB, the country's No.2 bank.
Russia's VTB Bank (VTBR.MM) may provide a loan of about 5 billion euros ($5.9 billion) to CEFC China Energy for its purchase of a stake in Russia's largest oil producer Rosneft (ROSN.MM), VTB chief Andrey Kostin told reporters on Tuesday. A banking source familiar with the matter had told Reuters earlier on Tuesday that CEFC China Energy could raise around $5 billion from VTB, Russia's second-biggest lender, for the Rosneft stake acquisition.
One of the Facebook's first big investors explains his connections with Russia and Jared Kushner, and looks ahead to one of the market's he's investing millions of dollars into: e-commerce.
The new U.S. sanctions law threatens to cut off a vital channel for Russia’s funding of its massive defense buildup, according to four people familiar with the situation.
Troubled Russian banking conglomerate Otkritie Group may need up to 400 billion roubles ($6.90 billion) to plug holes in its balance sheet, a deputy governor at Russia's central bank told Reuters on Friday. The central bank said on Tuesday it would step in to rescue Otkritie Bank, one of Russia's biggest private lenders, after it suffered a sustained run on its deposits amid worries about its loan portfolio. Central Bank Deputy Chairman Vasily Pozdyshev told Reuters in an interview the regulator may need to inject between 250 billion and 400 billion roubles into Otkritie group's capital as a part of a bail out.
As Congo's government was soliciting urgent help from Western donors and the IMF last month to contain an economic crisis, the chairman of the state mining company brought an unusual guest to the prime minister's office. It was Raymond O'Leary, a vice president from Russia's second largest bank, state-owned VTB, to discuss a Eurobond aiming to raise funds for the cash-strapped government, Congolese and VTB officials confirmed.
Russia began relying only on its own rating agencies to manage its domestic bond market on Friday after the world's top three credit rating agencies quit that market, leaving investors pondering the credibility of the local agencies. Standard & Poor's, Fitch and Moody's have all withdrawn from Russian domestic ratings, refusing to comply with legislation drawn up in 2014 when they downgraded Russia after the annexation of Crimea.
Russian bank VTB discussed the possibility of the Democratic Republic of Congo issuing a sovereign Eurobond during recent meetings in the central African country, the bank said on Wednesday. Congolese officials said on Monday that VTB bankers had met with Prime Minister Bruno Tshibala to discuss a possible $1 billion investment fund to finance "strategic projects". VTB, whose emerging markets-focused investment banking arm VTB Capital is active in Africa, said in a statement that it had given no commitment to lend to Congo and that it did not currently plan to.
Russia's second-largest bank VTB discussed the possibility of the government of the Democratic Republic of Congo issuing a Eurobond during recent meetings in Congo, the bank said in a statement. VTB said ...
Russian largest oil producer Rosneft said on Wednesday that it plans to complete the deal to acquire a 49 percent stake in India's Essar Oil in the "nearest future". The closure of the $12.9 billion deal, signed last year, has been held up by creditor banks to Essar and some regulatory approvals. Rosneft said all the necessary legal approvals have been received by the purchasers and sellers.
Mozambican state companies have failed to account for about a quarter of the proceeds of $2 billion in loans being investigated, according to a report by Kroll LLC that creditors said was needed for debt ...