Bank VTB Severo-Zapad to merge with Bank VTB

It was decided in the course of OAO Bank VTB’s extraordinary general meeting that OAO Bank VTB Severo-Zapad should be reorganized through a merger with VTB, the former bank’s reports say.

VTB has already confirmed the merging agreement and stated that the company’s creditors should be informed of the news.

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