OREANDA-NEWS. On August 18, 2009 Russia’s VTB Bank has been valued at RUB 0.048 per share in the run-up to an additional stock offering, a source close to the bank’s board said, reported the press-centre of FINAM.

“This is a valuation of appraisers which is to be addressed by the Audit Committee and approved by the Supervisory Board”, the source said. Another source familiar with the bank’s plans confirmed that valuation is “close to this number”.

The third source familiar with the bank’s plans said that the Supervisory Board will set the placement price on August 27 and confirmed the valuation of RUB 0.048. VTB shares closed at RUB 0.041 on Monday, down 2.38% on the bearish market.