VTB Capital released Participatory Notes (PN) nominated in USD traded in Saudi Arabia, the company informed.
The stock market in this country is the largest and most liquid in MENA region.
The Bank is interest in the expansion of the trade operations in this region and Turkey and in Africa, as well.
VTB Capital is an investment division of VTB. The investment business is one of three most important strategic trends in the business of the Group along with the corporate and retail.
VTB Group provides operations through VTB Bank as a parent and two subs (VTB 24 and TransCreditBank). Outside Russia the Bank has 12 subs in CIS and Europe, Africa, Georgia, Italy and India and some others.
The 2011-net profit (IAS) reached 90.5bn rub. due to 65.1% in growth against prior year figures.
The 9-month 2012 net profit (IAS) declined 17.1% to 60.2bn rub.