VTB plans reverse split of shares at a ratio of 5000 to 1

VTB management will propose to the Supervisory Board to submit to the annual meeting of shareholders the issue of increasing the nominal value of shares from 1 kopeck to 50 rubles, in case of a positive decision, the reverse split will be held in July 2024, the first deputy chairman of the bank Dmitry Pyanov told reporters, writes Interfax.