VTB Bank

Regulatory Filings • Dec 30, 2014

National Storage Mechanism | Additional information

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RNS Number : 9388A

JSC VTB Bank

30 December 2014

Press release

30 December 2014

VTB statement regarding subordinated deposit

VTB confirms that today the bank has been provided with RUB 100 billion from the Russian National Wealth Fund to be placed in a subordinated deposit. The purpose of the deposit is to fund sustainable infrastructure projects on the list approved by the Russian Government. As a result, the bank's capital adequacy ratio under Russian Accounting Standards will exceed 12%.

The RUB 100 billion received today by VTB is the first instalment of RUB 250 billion that the Government plans to provide to increase VTB's capital and for loans to businesses. The second instalment of RUB 150 billion is expected to be provided by the end of Q1 2015.

This information is provided by RNS

The company news service from the London Stock Exchange

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