Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
Russia cuts oil production by 185,000 barrels per day as of today — energy ministerBusiness & Economy March 25, 18:30
OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Relations btw US, Russia worst over half-century - Lukin quoting KissingerRussian Politics & Diplomacy March 25, 2:58
MOSCOW, December 15, 7:23 /ITAR-TASS/. The Board of Directors of Russia’s major retail bank VTB 24 made a decision on Friday, December 13, to recommend an unplanned general meeting of shareholders to raise the charter capital by 74.394 billion roubles (over 2.263 billion U.S. dollars) through placement of additional ordinary shares, the bank says in a statement.
The bank plans to carry out private placement of 74.394 billion shares with a nominal cost of one rouble. The placement price is 2.69 roubles (USD 1 = RUB 32.87).
Shareholders will vote in absentia. Ballots will be accepted until January 17, 2014.
In August, VTB made a decision to raise the VTB 24 charter capital by 46.7 percent to 74.4 billion roubles (about 2.263 billion U.S. dollars) through the charter capital and other own funds of TransCreditBank (was integrated into VTB 24 on November 1), as well as owing to the VTB 24 own funds.
Therefore, the bank’s charter capital may be doubled after the general meeting to 148.8 billion roubles (almost 4.527 billion U.S. dollars).
The VTB 24 bank is one of the biggest participants in the Russian market of banking services. It is a part of the VTB international financial group. The bank focuses its activity on the granting services to individuals, private businessmen and small business entities. The VTB Group ranks second on the Russian banking market over the whole range of major indicators.