VTB plans to float shares in the open market in the second quarter and raise at least ₽270 billion to solve the capital problem. Bank has already collected preliminary bids for almost ₽120 billion. Earlier, VTB shareholders approved the issue of additional common shares by private subscription in favor of the Federal Property Management Agency and the Finance Ministry for a total of ₽302 billion. Placement price will be ₽0.017085 , which will allow the bank to raise up to ₽515.9 billion in capital, but it was not enough to solve the capital problem of VTB.