VTB securitizes consumer loans worth RUB 304.6 bln

VTB sold a securitized portfolio of consumer loans worth RUB 304.6 bln to market investors, Kommersant reported. The transaction included two bond issues totaling RUB 50.9 bln and RUB 253.7 bln, purchased by large institutional investors from the financial sector. Earlier, VTB First Deputy Chairman Dmitry Pyanov said securitizing about RUB 300 bln of loans would help free roughly RUB 50 bln of capital to support capital adequacy ratios.