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VTB WILL TRANSFER ASSETS WORTH 170 BILLION RUBLES TO A NEW LEGAL ENTITY

... 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.

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