First Deputy Chairman of the Management Board of VTB Olga Skorobogatova said in an interview with RBC that the bank will launch a new retail client project in May with Russia’s largest retailer. The initiative will be part of a partnership model offering discounts and benefits via major market players. Projects are also planned with Lamoda, Ozon and Lukoil;...

VTB shareholders have approved the parameters for the conversion of preferred shares into ordinary shares. Shares will be converted based on the ratio of the par value of the preferred shares to the weighted average exchange price of ordinary shares at ₽82.67. To achieve this, the bank will issue 6.3 billion additional ordinary shares.

Information about the alliance between VTB and Wildberries is not true, the press service of the combined company Wildberries and Russ told TASS. Earlier, RBC sources reported that VTB and the Wildberries marketplace were discussing integration options.

VTB and the Wildberries&Russ marketplace are discussing options for alliances, according to RBC sources. Configuration of a possible deal has not yet been agreed upon: the parties have not yet determined the ownership scheme, shares, or their valuation. As a result of the deal, VTB may receive commission income from payments on the platform and access to the...