Issuer focus: VTB Bank Europe


Nikki Marmery: Tell me about the structure of VTB Bank Europe: how does it fit in with VTB the parent bank and all its other subsidiaries?

Vladimir Sokolov, executive director and global head of treasury in London: Until recently, VTB was 100% owned by the Russian government. It sold off 22.5% in May, raising approximately $8 billion. The government now has a majority stake in VTB of just over 75%; the remainder is held by individual shareholders and institutional investors.

VTB Bank Europe was

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