VTB Bank placed the 25th issue of euro commercial papers through VTB ECP Finance Limited within ECP program, the Bank informed.
The issue is worth $16.5mln; maturity period expires in Mar. 2014.
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.