VTB sold the debt, has earned himself came under selling

With one of the state-owned banks originate metamorphosis. In late July, became aware of the intention of one of the subsidiaries of VTB "-" VTB 24 "to realize the competition for more than 4 billion rubles. debts incurred in consequence of delays over 360 days of the loan. The tender for the purchase of borrowers was attended by 10 collection agencies. The winner was the company Rusdolg. The transaction amount is about 4 billion rubles. Thus, VTB 24 successfully sold about 1% of its retail loan portfolio, which is weighty enough for the country's financial market - the whole last year, collectors have bought from banks loans to 75 billion rubles. VTB in the first half of 2010 earned 25.1 billion rubles., Whereas for the same period last year, its loss amounted to 31.5 billion rubles. (But only in 2009, it lost 56 billion rubles).. Total management of the bank plans to get the current year's 50 billion rubles. net profit. Its net income for the establishment of reserves grew by 23%, reaching 86.4 billion rubles. Financial directors of the credit institution Herbert Moos said, "Vedomosti" that "VTB" demonstrates a record profit in company history. While VTBshnye bankers make their money, their main shareholder - the state, which owns 85,5% of the company, planned to sell some assets. At present, formed by the privatization plan of state property for the years 2011-13. According to preliminary information, the Russian government may sell 10% of VTB in 2011 and 15% in 2012 and 2013. In August, information appeared that 10% of the securities the bank was asked to buy one of the investment funds of Kuwait for $ 2.7 billion Recall bank VTB was founded in 1990, is the second largest credit institution's assets in Russia. In its offices employ over 40 thousand employees. Recently, the rating agency «Moody's» elevated the status of the bank with a "negative" to "stable".