VTB Bank (Armenia) increased the share capital up to $50mln, VTB informed.
VTB Bank bought back an additional issue released by VTB Bank (Armenia) in the volume of $17mln.
The growth of capitalization is assumed to support the uptrend in the credit portfolio and expansion of the branches network.
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 9-month net profit (IAS) plunged 23.6% to 46bn rub. from 60.2bn rub. prior year; net interest increased 33.8% to 233.2bn rub. from 174.3bn rub.
The 2013 net profit rallied up 62.9% to 35.119bn rub. from 21.561bn rub.; pretax profit - 61.76% to 35.385bn rub. from 21.875bn rub