VTB Bank signed framework agreement with Societe Generale on the sale of its share in Rosbank (10%), the Bank informed.
Besides, within the agreement VTB is going to acquire several Russian assets including some assets of high liquidity from Societe Generale. The transaction is assumed to be completed in IVQ 2013.
VTB Bank (TIN 7702070139) is ranked as the second bank in Russia by the assets volume. The network of the Group in June 2010 covered 935 offices in Russia, CIS and Europe including 480 offices of VTB-24.
The Group keeps 12 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 IQ 2013 net profit (IAS) declined 32.6% to 15.7bn rub. from 23.3bn rub. prior year; net interest rose 36.7% to 73.8bn rub. from 54bn rub.; operating revenues declined 2.6% to 92.9bn rub.