The decision to liquidate VTB’s subsidiary, VTB Bank Europe SE, was taken at the general meeting of shareholders. It comes into effect on April 1. The details were told by Frank Hellwig, Special Representative and CEO of VTBE.
“With this decision, we move from a de facto state of liquidation to a process of liquidation approved by the assembly,” said Hellwig.
It will take several years to liquidate. The bank’s chief financial officer, Miro Zadro, noted that customers’ money will be transferred to accounts at other financial institutions. URA.RU writes about this.
“The bank’s capitalization still allows all future obligations to be met without any restrictions,” says Zadro.
Earlier, travel enthusiasts from Crimea told about what awaits Russian tourists in Turkey. With the help of a popular scheme, the enterprising Turks leave the Russians penniless.
Copyright © 2023 The Eastern Herald.
For the latest updates and news follow The Eastern Herald on Google News, Instagram, Facebook, and Twitter.
Help us continue our mission to deliver the latest news and stories by becoming a supporter of our newspaper. Your support will help us to continue to provide high-quality journalism and to ensure that our content remains free and accessible to all. Click here to show your support. Thank you!