RIA NOVOSTI. VTB Bank has reduced its equity position in its London-based subsidiary bank VTB Capital PLC to 0% from 95.44%, the Russian lending institution said in a press release, RIA Novosti reports.
VTB Group operates a wide network of branches, subsidiary and associated banks in Russia and abroad. The lender’s foreign network includes banks and financial companies in France, Germany, Austria, Ukraine, Georgia, Belarus, Namibia, Angola and Cyprus.
