Government will receive the right to contribute 100% of shares of the Russian National Commercial Bank as a contribution to the capital of VTB, according to the conclusion of the legal department of the State Duma to the draft law No. 99629-8, which is being prepared for the second reading in the parliament. The RNKB is the largest bank in Crimea and ranks 2...

VTB is in talks to swap its subsidiary VTB Bank Europe for Russian assets of Raiffeisen Bank International, sources told Frank Media. Group is trying to get permission from the European Central Bank for swap deal, they know. This is not VTB's first attempt to offset losses from sanctions blockage of assets. According to Frank Media's sources, bank has alread...

VTB has started testing purchases of digital financial assets for digital rubles to be issued on Bank of Russia platform. Launch of exchange of non-cash rubles into digital rubles for subsequent purchase of CFA the bank plans to start as early as next year. It will be possible to open a wallet on the Bank of Russia's digital ruble platform and exchange conve...

VTB is working on launching a BNPL service, and next year it will be ready to offer it to clients. With its help it will be possible to pay for online purchases in equal installments over a short period of time. For users BNPL-service greatly simplifies process of buying at the expense of credit funds, and the bank will attract new customers. Tinkoff Bank la...