VTB Bank signed a credit agreement in the volume of $2bn, the Bank informed.
The arrangers involve the Banc of America Securities Limited, Bank of China (UK) Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Barclays Bank PLC, BNP Paribas, China Construction Bank (London) Limited, Citibank, N.A., HSBC Bank plc, J.P. Morgan Limited, Mizuho Corporate Bank, Ltd., Societe Generale, Sumitomo Mitsui Banking Corporation Europe Limited и Wells Fargo Bank, N.A.
The leading arranger is The Bank of New York Mellon. Barclays Bank PLC is a deal coordinator and credit agent.
This is the largest syndicated credit raised by the Bank from 2011. The credit period covers 3 years; the interest being fixed at LIBOR+1.5% ann. The funds will be spent on corporate targets.
VTB Bank (TIN 7702070139) is ranked as the second bank in Russia by the assets volume. The government holds 75.5%. In Russia all operations are executed through one parent bank (VTB Bank) and 6 subs including VTB 24, Bank of Moscow and TransCreditBank as the largest of them.
The Group keeps 15 subs in CIS (Armenia, Belarus, Kazakhstan, Azerbaidjan, Ukraine); in Europe (Austria, Cyprus, Germany, France, Great Britain); in Georgia, Africa (Angola) and representations in Italy, China, and Kirgizia.
The 9-month 2012 net profit (IAS) declined 17.1% to 60.2bn rub.
The 2012 net profit (RAS) gained 21.561bn rub. due to 2.37% in rise against prior year figures.