October 21, 2014 5:00 PM ET

Banks

Company Overview of CJSC VTB Bank (Belarus)

Company Overview

CJSC VTB Bank (Belarus) provides banking services to individual and corporate customers in the Republic of Belarus. The company offers various retail products and services, and credits for small businesses, including private enterprises and individual entrepreneurs. Its products comprise various deposits; portfolio of retail credits consisting of credits for the purchase of motor transport and apartments in the secondary housing market, mortgage credit lending, and advanced overdraft credits by credit cards; and card products. The company also engages in the money market activities, securities trading, and foreign exchange transactions. It operates 6 branches and 9 additional offices in Mins...

51 Ul K Cetkin

Minsk,  220004

Belarus

Founded in 1996

Phone:

375 17 306 26 36

Fax:

375 17 306 26 37

Key Executives for CJSC VTB Bank (Belarus)

President
Age: 58
Director of The Financial Department and Member of The Management
Chief Accountant
Vice Chairman of The Management
Vice Chairman of the Management
Compensation as of Fiscal Year 2014.

CJSC VTB Bank (Belarus) Key Developments

Belarus To Sell Stake In VTB Bank

Belarus intends to sell 25.9% stake in CJSC VTB Bank (Belarus) to JSC VTB Bank (LSE:VTBR) by the end of 2013, according to Belta, citing Belarus’ National Bank Head, Nadezhda Yermakova, RIA Novosti reported. Yermakova said, "The head of the state has granted permission."

Belarus Plans To Sell Its Stake In VTB Bank To OAO VTB Bank

Belarus is planning to sell its 28.6% stake in CJSC VTB Bank (Belarus) to JSC VTB Bank (LSE:VTBR) for approximately $16 million, BelTA reported June 20, 2013 citing Belarusian Deputy Prime Minister Piotr Prokopovich. The deputy prime minister reportedly said that the deal could be finalized soon, adding that the transaction is not about maximizing profit from the sale of the stake but "about the obligations of the investor to invest significant resources in the development of the bank."

Belarus To Sell Stake In VTB Bank (Belarus) Back To VTB

The Belarusian government is seeking to sell its 25.9% stake in CJSC VTB Bank (Belarus) back to its parent JSC VTB Bank by July 2013. Nadezhda Yermakova, Chairwoman of The National Bank of the Republic of Belarus, said, "VTB wants to buy the 25.9% stake from the government. The government and the national bank have no objections, and we will submit a relevant document to the president within the next several days."

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
December 24, 2013
--
Merger/Acquisition
December 2, 2013
--
 

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