The Bank of Yuri Kovalchuk became a shareholder in VTB

The Bank “Russia”, the main shareholder is businessman Yury Kovalchuk, was a minority shareholder in VTB. This was reported by “Prime” with reference to the financial institution. As at 30 September, the Bank “Russia” owned or 1.26% of VTB. Before that “Russia” did not appear in the list of shareholders, the Agency said.

The main shareholder of VTB is the government, which owns 60,93%. The share of the state oil Fund of the Republic of Azerbaijan is 2.95%. Swiss Credit Suisse AG has lowered a share in VTB from 2.37 to 2.36%. Rosselkhozbank increased its from 2.48 to 2.73%. According to the materials of the Bank on the minority shareholders have 29,77% of VTB’s shares.

According to the website Bank Rossiya, Kovalchuk owns 37.5% of a financial institution. The second largest co-owner of the Bank is businessman Nikolai Shamalov — it was 9.6%. The company “Transoil” owns 9.8 per cent,
insurance society “the Acceptance” of 5.8%. Owners of the Bank are also “Oberon estate” (5,6%), “Severgroup” (5,5%), “Surgutneftegaz” (5.4%) and
“Overpas-Invest” (5%).

In 2014 after joining the Crimea to Russia, the European Union has imposed sanctions against VTB. The Bank was included in the American black list. Kovalchuk in the same year was included in the sanctions lists of the USA and the European Union. The Bank “Russia” are subject to American sanctions.

The President of Russia Vladimir Putin after the introduction of us sanctions in March 2014 has ordered to take the Kovalchuk Bank “under the protection”. He also gave instructions to transfer salary. The Bank “Russia” became one of the first to work in the Crimea and took care of servicemen of the black sea fleet.