In early September, VTB filed a lawsuit against VTB Bank Europe SE with the intention of collecting a debt in the amount of 112.6 million euros (approximately 11.6 billion rubles). We are talking about collecting funds trapped in a correspondent account.
At the request of VTB, on September 14, the court seized as collateral a number of assets held in the account of VTB Bank Europe SE in the VTB warehouse. The court confiscated all securities deposited in securities accounts at other depositories, within the limit of the amount of claims, writes Kommersant referring to the materials of the case.
The British subsidiary VTB Capital plc left the VTB structure in 2022. Money has been blocked in the accounts of the German VTB structure since the introduction of sanctions in spring 2022. VTB’s total losses amounted to 209 billion rubles .
- In July 2023, VTB reported record profits in the first half of the year. The bank’s net profit for the first six months of this year amounted to 289.8 billion rubles. VTB’s net profit growth was positively influenced by currency revaluation and income from the merger of RNKB bank. The bank earned 100 billion rubles from the revaluation and 35 billion rubles from the merger of the bank.
Author:
Karina Pardaeva
Source: RB
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