OREANDA-NEWS. On May 24, 2007 the Central Bank of Russia registered the placement report with regard to the newly issued ordinary Shares of JSC VTB Bank, reported the press-centre of VTB.

A total of 1,513,026,109,019 newly issued Shares at RUR 0,01 per Share were allocated in the Global Offering. The total offer size is 22,5% of VTB’s enlarged share capital, amounting to RUR 67,241,385,090,19. A total of RUR 57,684,788,950.35 and USD 5,749,250,755.20 were raised in the Global Offering.

The VTB Retail Offering has become the largest “public“ IPO in Russia. The number of applications made and paid was 131,000 with a total value exceeding RUR 40 billion. Almost half of the applicants were from Russian regions. The average application value was over RUR 300,000.

Summing up the IPO results, Andrei Kostin, President and CEO of VTB Bank, said “The success achieved in the Global Offering proves the investors’ confidence in the Russian banking sector and is also a high appraisal of VTB activities and its potential for development. Besides, the VTB IPO releaved that today, not only ordinary Russian citizens in Moscow and St. Petersburg, but also people nationwide are ready to get professionally involved in the country’s economic life. Together with our new shareholders we will go on working to make VTB the best Russian bank and a world size financial institution, both in the scale and business standards”.