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VTB sold Velozavodsky market.

VTB sold 100% in Velozavodsky market for 712mln rub. at the open auction, as it was informed.

The Market was bought by two private persons. They should develop the restructuring and modernization plan which can demand 250mln rub. more.

VTB Bank (TIN 7702070139) is ranked as the second bank in Russia by the assets volume. The government keeps 60.9%.

The IIIQ 2016 net profit (IAS) rallied up 201.6% to 18.7bn rub.; the 9-month 2016 net profit gained 34.1bn rub. vs. 10.9bn rub. in losses; interest revenues increased 58.4% to 310.4bn rub.

The IH 2016 net profit (RAS) increased 88% to 39.826bn rub. from 21.055bn rub. prior year; pretax profit - 42.27bn rub. from 21.567bn rub.

On Aug. 31, 2015 the Group was recognized as the second largest financial group in Russia by the assets amount (1305.72bn rub.) and clients' funds (6974.8bn rub.).

The Group includes above 20 credit and financial companies operating in different sectors of the capital market. It has representations in European countries, China, India etc.

The Russian government is a major holder keeping 60.9348% votes or 45.01% of the share capital (with respect to Deposit Insurance Agency - 92.23%)

"AK&M", 17.02.2017


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