OREANDA-NEWS. January 13, 2010. JSC VTB Bank has made a decision to exercise on 4 February 2010 the call option under the USD 750 million 6.315% Subordinated Loan Participation Notes due 2015 which were issued in February 2005 by VTB Capital S.A. to fund a subordinated loan to JSC VTB Bank, reported the press-centre of VTB Bank.

The appropriate consent of the Central Bank of the Russian Federation has been duly received with respect to the above prepayment.

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VTB Group is a leading Russian financial group with a strong tradition in Russia and the CIS, and a presence in more than 20 countries around the world. The Russian government is VTB's majority shareholder, with a holding of 85,5.5%. The remaining 14,5% of the shares are traded on the RTS and MICEX in Russia, and VTB's global depositary receipts are traded on the London Stock Exchange. VTB offers a wide range of services in corporate, retail and investment banking across Russia, certain other CIS countries and a number of countries in Western Europe, Asia and Africa. 

As 9 months of 2009, VTB was the second largest financial group in Russia by assets (RUR 3 583, 8 billion) and by deposits (RUR1 518,4billion).  VTB is one of the top three retail banks in Russia with a network of 966 sales offices in Russia and the CIS. In 2008, VTB launched its investment banking business which operates from Moscow, London, Singapore and Dubai.