RusBankrot
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22/10/2024
Tuesday
THIS DAY IN HISTORY:
22 October 
1970 Joseph Brodsky received the Nobel Prize in Literature.
1970 The Pope overturned the verdict of 1633, condemning Galileo.
1970 Bankers' Panic or Knickerbocker Crisis.
22 October
1970 Joseph Brodsky received the Nobel Prize in Literature.
1970 The Pope overturned the verdict of 1633, condemning Galileo.
1970 Bankers' Panic or Knickerbocker Crisis.
VTB WILL TRANSFER ASSETS WORTH 170 BILLION RUBLES TO A NEW LEGAL ENTITY
VTB shareholders (MOEX: VTBR) have approved the creation of a separate legal entity to manage blocked assets. This decision was made at an extraordinary meeting.
By the end of 2024, the bank intends to transfer assets and debts to creditors from unfriendly countries to a new separate legal entity. The total amount of obligations is up to 170 billion rubles, Kommersant clarifies.
As explained in the VTB press service, such a measure will help to increase the efficiency of asset and debt management. In addition, it is planned that the shareholders' decision will improve the balance sheet structure and financial results of the bank for the year.
According to VTB itself, the transfer of blocked assets and liabilities to a separate legal entity will bring the credit institution a net profit of 92 billion rubles.
By the end of 2024, the bank intends to transfer assets and debts to creditors from unfriendly countries to a new separate legal entity. The total amount of obligations is up to 170 billion rubles, Kommersant clarifies.
As explained in the VTB press service, such a measure will help to increase the efficiency of asset and debt management. In addition, it is planned that the shareholders' decision will improve the balance sheet structure and financial results of the bank for the year.
According to VTB itself, the transfer of blocked assets and liabilities to a separate legal entity will bring the credit institution a net profit of 92 billion rubles.
18.10.2024
