VTB Bank's net profit under RAS for 6 months of 2024 amounted to ₽135.64 billion, down 3.8% from ₽141.06 billion in the previous year. Calculated by Interfax based on the bank's turnover statement published on the Bank of Russia's website.

Holders of fractional VTB shares formed after the reverse split can sell them in the broker's VTB My Investments application and over the phone through traders. Subsequently, the securities will be consolidated to whole shares and sold into the market. Bank expects that this procedure will be implemented by other brokers as well.

VTB wants to buy back from shareholders the fractional shares remaining after the reverse split to the balance sheet of its subsidiary, Dmitry Pyanov, First Deputy Chairman of the Bank's Management Board, said on the sidelines of the Bank of Russia's Financial Congress. Shares will then be consolidated and returned to the market. Reverse split of VTB shares...

VTB plans to buy out Russian Post's stake in Pochta Bank for ₽27.5-29.5 billion. If the deal goes through, VTB will be able to significantly increase its customer base and more than double the number of outlets of Sberbank. However, experts believe that such an increase in the network will be more of a burden for VTB, since the absolute majority of these off...