Russia (bbabo.net), - VTB decided to sell shares of RCB Bank and Post Bank. This was published by the press service of the credit institution.

The transaction for the Cypriot RCB Bank took place on February 24th.

"As part of the restructuring of foreign assets of VTB Group, a decision was made to sell a non-controlling stake of 46.29% of shares in the Cypriot RCB Bank. Other shareholders of RCB Bank Ltd acted as the buyer of the block of shares," the bank said in a statement.

VTB also closed a deal to sell two shares of Post Bank JSC. Their owner was the new president-chairman of the board of the bank Alexander Pakhomov.

"The decision to sell the shares was made in connection with the completion of the stage of changing the management of Post Bank and in order to optimize the corporate structure for managing this asset," the report says.

As a result, VTB's stake in Post Bank dropped to 50% minus one share and became equal to the stake held by Postal Finance LLC, a Russian Post subsidiary.

VTB also decided to transfer its stake in the football club "Dynamo - Moscow" in favor of the All-Russian sports society "Dynamo".

Earlier, VTB commented on the sanctions imposed against the bank. The credit institution said that they had worked out countermeasure plans to minimize the consequences for customers.

bbabo.Net