For more information, get in touch with our team:
+44 7918 53 08 73
Hint mode is switched on Switch off
  • High performance interface for global bond market screening
  • Full information on close to 500,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 100 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

VTB to close the deal on the purchase of Promstroibank by December 25.

December 3, 2005 AK&M
Vneshtorgbank (VTB) intends to close the deal on the purchase of 75 percent equity stake in Promstroibank (PSB) by December 25, 2005, the VTB's President Andrey Kostin reported to journalists.

The Bank expects to complete the buyout of 50 percent of PSB shares before catholic Christmas, following the VTB's stake in Saint Petersburg bank will rise to 75 percent.

The deal amount is not disclosed.
PSB is the leading privately-owned bank in the north-west of Russia, with an extensive branch network, and also one of the top 10 banks in the country with, at end-2004, total assets of US$3.6 billion, net loans of US$1.9 billion and shareholders equity of US$0.3 billion.

In March 2005, Vneshtorgbank has acquired a 25% plus 1 share in the bank and an option to purchase a further 51% minus 1 share.

  • Full name
    VTB Bank North-West
  • Registration country
  • Industry