Rus News Journal

VTB has obtained the permit to purchase of controlling stock AF Bank

National bank of Azerbaijan has resolved to the Russian Open Society Bank VTB to get a controlling interest Azerbaijan AF Bank, have informed in AF Bank. Earlier as shareholder AF Bank building company Ugur 97 which has kept the remained 49 % of actions in the property acted. The volume of the transaction with VTB is not informed, transfers the Trend .
As have noted in AF Bank, with occurrence of the Russian bank in structure of shareholders AF Bank its name will exchange in VTB - Azerbaijan .
Earlier chairman of the board VTB Andrey Kostin has informed that the bank will consider possibility of realisation of large joint projects in gas and oil-extracting branches in partnership with the State oil company of Azerbaijan. Besides, the bank will consider prospects of the organisation of financing of investment projects in a number of other branches of economy of republic, in particular in the food-processing industry and building.
AF Bank it is registered in the Ministry of Justice of Azerbaijan in June 2003. The basic shareholder of bank is building company Ugur - 97. The head of company Azaj Mohnatov heads the bank supervisory board. AF Bank has one branch and one branch. The credit organisation is engaged in financing of building of real estate.
bank VTB works in Russia with 1990. The main shareholder VTB from shares in 77,5 % is the government of the Russian Federation. During spent in May 2007. Primary public placing among the Russian and international investors 22,5 % of actions VTB have been placed. Bank Securities address on FB the Moscow Interbank Stock Exchange, FB RTS and at the London stock exchange. The size of authorised capital stock VTB makes 67,2 mlrd rbl. For today VTB has two affiliated banks in Ukraine ( vneshtorgbank - Ukraine and vneshtorgbank - Mrija which will be consolidated under a brand VTB - Ukraine ), and also in Armenia and Georgia.