OREANDA-NEWS. September 01, 2011. VTB Group is currently taking a set of preliminary measures to fulfill its obligations on Bank of Moscow financial support, set by General Agreement between Deposit Insurance Agency, VTB Bank, VTB Debt Center and VTB Pension Administrator, reported the press-centre of VTB Bank.

These measures include, in particular, all corporate procedures such as approval of large transactions, interested party transactions, etc., allowing VTB Debt Center and VTB Pension Administrator to acquire Bank of Moscow shares, and to increase Bank of Moscow charter capital.

Bank of Moscow financial support procedure remains the same. VTB Group management expects that VTB Group will buy more than 75% of Bank of Moscow shares before providing additional capital to the lender. For organizational and technical reasons corporate approvals are requested for the two stages of Bank of Moscow financial support simultaneously.