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Prospect News home > News index > List of issuers V > Headlines for VTB Bank > News item
Published on 4/23/2009 in the Prospect News Emerging Markets Daily.

Russia's VTB Bank repurchased $1.4 billion of bonds during fourth quarter of 2008

By Jennifer Chiou

New York, April 23 - VTB Bank announced that it bought back during the fourth quarter of 2008 $1.4 billion of its bonds.

As a result, the bank recorded a net gain of $349 million.

The Russian government holds a majority stake in VTB, a Moscow-based retail and commercial bank.


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