27th Feb 2015 07:25
JSC VTB Bank / Miscellaneous 27.02.2015 08:25 Dissemination of a Regulatory Announcement, transmitted byEquityStory.RS, LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- Press release 27 February 2015 VTB Group becomes a shareholder in Otkritie VTB Group has become a shareholder in Otkritie Holding, a leading Russianfinancial group, with a stake of 9.99 percent. The shares were originally pledgedas additional collateral under a loan agreement with VTB by Boris Mints and VadimBelyaev, and were transferred to VTB following the expiration of the loanrepayment period in 2014. In 2008 VTB Bank issued a loan to Rusenergo Fund Limited, a subsidiary of OtkritieHolding, to establish a fund purposed for investing in shares of Russian energycompanies. Otkritie sold Rusenergo Fund in 2009. After Boris Mints sold his sharesin Otkritie Holding in 2013, his obligations under the loan were assumed byanother shareholder, ICT Group. First Deputy President - Chairman of the Management Board of VTB Bank YuriSoloviev said: 'VTB understands Otkritie's business structure and its growthpotential well. Given our solid track record of cooperation with Otkritie, we arepositive about this transaction: the asset is transparent and the exit horizon isclear.' Chairman of the Management Board of Otkritie Holding Ruben Aganbegyansaid:'Otkritie and VTB Bank have worked successfully together for many years. Anew strong shareholder, who is familiar with what the company represents,particularly under current market conditions, is a positive factor in terms ofboth improving the stability of the business and its opportunities for growth.Once the shares are transferred, Otkritie's shareholders will have fullydischarged their obligations to VTB Bank.' Reference:Otkritie is a full-service financial group offering a wide range of banking,investment and insurance solutions to retail, corporate and institutional clients.The group's total assets exceed RUB 4 trillion. Otkritie's banking group ranksfirst among Russia's largest privately-owned banking groups and fourth amongRussia's largest banking groups by total assets. The banking group comprisesOtkritie Financial Corporation Bank, Khanty-Mansiysk Otkritie Bank, andPetrocommerce Bank whose integration into the group is expected to draw to a closein spring 2015. Trust Bank will also join the group once its rehabilitation iscomplete. The group has an extensive network of approximately 700 outlets ofvarious formats and 4,000 ATMs across 60 key regions of Russia. The group employsover 22 thousand people who serve 4 million individuals and 186 thousandcorporations. 27.02.2015 The EquityStory.RS, LLC Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: JSC VTB Bank 12, Presnenskaya emb. Moscow RussiaPhone: +7 (495) 739-77-99Fax: +7 (495) 739-77-99E-mail: [email protected]: www.vtb.comISIN: US46630Q2021Listed: LondonCategory Code: MSCTIDM: VTBRSequence Number: 2541Time of Receipt: Feb 27, 2015 08:25:21 End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------UK-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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