VTB bought Otkritie Bank

VTB acquired a 100 % stake in the Otkritie bank, the Central Bank reports . The amount of the transaction is 340 billion rubles.

What will change. VTB said that for the opening customers “nothing will change in the near future,” writes RBC. At the bank, this was explained by the fact that VTB plans to save the main products and opening services.

What you need to know. The plans to attach the “opening” to VTB became known in April 2022. In February, both systemically significant banks fell under blocking sanctions. The association will optimize the expenses of the “budget for stabilizing the banking sector”, wrote with reference to the source of Kommersant.