OREANDA-NEWS    "Russian Post has sold its stake in VTB Post Bank for 36 billion rubles," said Maksut Shadaev, head of the Ministry of Finance of the Russian Federation, speaking at a meeting of the Federation Council Committee on Economic Policy.

Pochta Bank was sold by Pochta as the second partner of VTB, in my opinion ... 36 (billion - ed.). This is additional money that the Post Office will receive for development, in my opinion, in December or January," Shadaev said.

In October, the head of VTB, Andrey Kostin, said that the amount of the deal to buy out a stake in Pochta Bank was estimated based on capital at 72 billion rubles. The purchase of the package was planned to be completed by the end of 2024, approval from the FAS and the Bank of Russia has already been received.

Dmitry Pyanov, the first deputy chairman of the VTB board, reported last week that the integration of Pochta Bank and VTB will take place by joining in 2026.