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Today's paper. Last Updated: 05/25/2012

VTB Group

Finance

VTB Group

Web-site: www.vtb.com/

"VTB Bank is the largest financial institution in Russia. It is the main entity of the VTB Group, a leading universal Russian banking group offering a wide range of banking products and services in Russia, the CIS, Western Europe, Africa and Asia." (www.vtb.com/)

Major shareholders: Russian government (85.5%)

Financial results (IFRS 2010):

Assets: 4.29 trillion rubles

Total equity: 578.2 billion rubles

Net profit: 54.8 billion rubles

Headquarters: Moscow, Russian Federation

Latest mentions Search for VTB Group

VTB Soars on European Retail Market

Even VTB executives admit that they never expected to attract a client base of French pensioners.

VTB 24 to Spend $385M on People's IPO Reversal

A retail unit of state-controlled lender VTB said Tuesday that it had finished collecting bids from small investors who purchased the bank's stock in 2007 and faced losses due to the price decline, with 65 percent of shareholders having tendered their shares.

With Production at 'Plateau,' Alrosa Seeks Gas Investors

Alrosa, Russia's state-run mining company, sees buying shares in diamond producers as the best way for investors to benefit from gem prices that are rising for a fourth year.

Bond Waits as Ukraine Settles Its March Debts

Ukraine can wait until market conditions are right for a planned sale of dollar-denominated bonds as it has sufficient funds to cover debt payments.

Rosneft Board Said to Consider 'Major Deal' at Tuesday Meeting

The board of oil major Rosneft will consider a “major deal” on Tuesday, said Alexander Burgansky, an oil analyst at Otkritie Financial.

VTB Shares Down After Capped Buyback

Second-largest lender VTB Group suffered its worst losing streak in three months after saying it would cap a share buyback for investors that lost money in its 2007 initial public offering.

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