Corporate Communications

Press release regarding the situation around the Bulgarian Corporate Commercial Bank

24 June 2014

VTB Capital, the Investment Business of VTB Group, Russia’s second largest bank, owns approximately 9.1% of shares in Corporate Commercial Bank AD. The share purchase was part of a structured finance transaction. From the outset, the VTB Capital’s exposure to CCB did not exceed Eur10 million that was subsequently fully hedged. 

VTB Group does not have any liquidity commitments and does not have any plans to provide any liquidity or capital resources to CCB.

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Natalia Cherepova

VTB Capital

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