Support The Moscow Times!

VTB in Talks on Czech Bank

VTB Capital is in talks to buy up to 10 percent of Czech banking group Home Credit, Vedomosti wrote Tuesday.

The purchase would also make the bank a shareholder of Home Credit and Finance Bank, the Russian branch of Home Credit.

The purpose of the deal is to raise funds from the upcoming initial public offering of Home Credit, a part of PPF Group. The Czech banking group is planning to raise about $1 billion in an IPO in September.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.