The central bank sold bailed-out Otkritie Bank at the end of 2022 to VTB for 340 billion roubles ($4.79 billion), a takeover that analysts said would help VTB resolve its capital issues. ($1 = 70.9500 roubles) (Reporting by Elena Fabrichnaya and Alexander Marrow)
MOSCOW, Feb 7 (Reuters) - Russian lender VTB's integration of Otkritie Bank will take at least one-and-a-half
to two years, VTB CEO Andrei Kostin said on state television on
Tuesday, expecting the acquisition to eventually increase VTB's
assets by a quarter.
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