In compliance with the decision taken by its Supervisory Board in September 2016, Vnesheconombank acquired RUB 16bn worth of additional shares in PAO AKB Sviaz-Bank (VEB Group).
Following the placement of additionally issued shares in Sviaz-Bank, VEB held a 99.77% stake in the authorized capital of the subsidiary.
The placement report on the Sviaz-Bank additional shares was registered with the Bank of Russia on 26 December 2016.
After the capital increase, the authorized capital of Sviaz-Bank amounted to RUB 45bn.
Payments on the Russian Government Securities Denominated in Foreign Currency
Acting in compliance with the terms and conditions of Eurobonds and on the instruction of the Russian Ministry of Finance, State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” transferred to Citibank N.A., London Office USD 159,365,437.50 worth of funds in payment for interest on the USD 2.5 billion bonds issued by the Russian Government in 1998 and maturing in 2028.