VTB 24 covered the bonds of the 4th issue released in the volume of 8bn rub. and paid up 54.37mln rub. on the 10th coupon, the Bank informed.
The issue includes 8mln bonds of 1ths rub. par and 5-year maturity. It was placed in 2009 through the open offering. The 1st coupon is set at 11.85% ann. The issue was arranged by VTB Capital.
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.
In Nov. 2013 it acquired Transcreditbank.
The 2013 net profit (RAS) moved down 39.9% to 22.196bn rub. from 36.953bn rub. prior year; pretax profit - 39.2% to 28.527bn rub. from 46.946bn rub