10th May 2016 10:03
JSC VTB Bank / Re AgreementJSC VTB Bank: VTB Group successfully completes integration of the Bank ofMoscow 10-May-2016 / 10:02 CET/CESTDissemination of a Regulatory Announcement, transmitted by EquityStory.RS,LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- May 10, 2016 VTB Group successfully completes integration of the Bank of Moscow On May 10, 2016, VTB Bank successfully completed the integration of theBank of Moscow. VTB will fulfill all of the Bank of Moscow's obligationsto its customers under the terms of the reorganisation. As a result of the integration VTB Bank commences servicing retailcustomers and small businesses as part of Retail global business line.Retail banking at VTB Bank will focus on innovative, high-tech products andservices. The new product range will retain its competitive edge and befully consistent with the high quality of VTB's offering. VTB Bank has absorbed the Bank of Moscow's core business, which amounts toapproximately 70% of the BoM's assets worth over RUB 900 billion accordingto IFRS. As a result of this transaction, more than 10 million retail,small business and corporate customers became clients of VTB Bank. Former branches of the Bank of Moscow will become branches of VTB Bank andwill continue operating as usual. Following the merger, there will be no changes to account numbers alreadyheld with the Bank of Moscow. The provision of products and services willcontinue under the existing terms and conditions, and therefore there is noneed for customers to renew current agreements. For the convenience of our customers, the Bank of Moscow logo will continueto appear along with the VTB Bank logo on retail branch signs andpromotional products in the near future. In the medium to long term, the transition to a single brand and bankingplatform will strengthen the overall competitive position of VTB Group. --------------------------------------------------------------------------- 10-May-2016 The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap.de/ukreg --------------------------------------------------------------------------- Language: English Company: JSC VTB Bank 12, Presnenskaya emb. Moscow Russia Phone: +7 (495) 739-77-99 Fax: +7 (495) 739-77-99 E-mail: [email protected] Internet: www.vtb.com ISIN: US46630Q2021 Listed: Foreign Exchange(s) London Category Code: AGR TIDM: VTBR Sequence Number: 3144 Time of Receipt: 10-May-2016 / 10:02 CET/CEST End of Announcement EquityStory.RS, LLC News Service --------------------------------------------------------------------------- 461887 10-May-2016UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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