The supervisory board of the bank VTB BROKER (Chita) made several decisions, signifying active presale preparation. The board convened two shareholders meetings: on October 26 and December 6. At the first meeting, raising the equity capital will be discussed. After the new share issue, the bank’s supervisory board will be replaced. That issue was put on the agenda of the second meeting. In addition, the supervisory board decided to open a bank branch in Moscow. Earlier unofficial reports indicated that the talks about the purchase of VTB BROKER were conducted by TROIKA DIALOG. VTB BROKER (Chita) specializes in broker services. VTB owns over 99% of the bank shares.
Source: BANKI.RU, September 18, 2007
