Russia’s VTB bank will be privatised—but you’ll have to wait for 2017

Currently the Russian government is the main shareholder in VTB, owning 60.9 percent of voting shares. VTB is Russia's second-largest bank by assets and was the subject of a $5 billion of state recapitalisation program last July, implemented as part of a wider state plan to help stimulate lending amid a wide economic slowdown.. Petersburg In ternational...