VTB 24 BOD recommended the holders to approve the increase in the share capital through an additional stock issue in the volume of 74.394bn rub., the company informed.
The stocks will be placed through the close offering (74394400589 common stocks of 1 rub. par each) for 2.69 rub./pcs.
The special meeting date is set for Jan. 17.
VTB 24 (TIN 7710353606) is a sub of VTB. It provides the servicing of the private persons and small-size entities. It is ranked as one of 30 largest banks in Russia. The major holder is VTB (98.9%). The share capital is equal to 50.6bn rub. The Bank has 547 branches in 69 regions of Russia.
The 2013 net profit (RAS) gained 10.3bn rub. by June 30, 2013. The assets increased to 1.69tril rub.