VTB Bank (Georgia) Increases Authorised Capital
OREANDA-NEWS. September 17, 2013. VTB Bank has purchased the entire additional issue of shares of VTB Bank (Georgia) worth US\\$ 7.4 million, bringing its subsidiary’s authorised capital to USD 96.5 million and its own stake from 96.31% to 96.59%.
The increased capitalisation will facilitate the bank’s continued solid growth, as will the opening of three new branches scheduled for 2013.
As a result, the number of VTB sales outlets in Georgia will reach 26.
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