VTB completed the acquisition of Pochta Bank and the migration of Otkritie payroll clients
- 16:57 December 26
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- Maria Zykina
VTB completed the deal to buy out shares of Post Bank, consolidating its stake to 100%. The bank bought a 49.99% stake from Russian Post, settlements have been completed. The transaction price is 36 billion rubles.
In addition, VTB previously purchased two shares held by a private shareholder.
As planned, this year we closed the deal to consolidate the shares of Post Bank, and next year we plan to begin migrating its network, client base and business to a single technology platform under the VTB brand. At the moment, we are actively discussing the formats of work of the branches of the merged bank and the strategy for interaction with clients,” said the First Deputy President and Chairman of the Board of VTB Dmitry Pyanov.
VTB also reported on the completion of the migration of Otkrytie payroll clients. More than 760 thousand retail clients of Otkritie…
