10 November 2015

VTB Bank (Georgia) Increases Authorized Share Capital

On October 23, 2015, the National Bank of Georgia approved the final version of prospectus for a public offering of securities. On the basis of aforementioned prospectus, VTB Bank (Georgia) publicly offered 20 000 000 (twenty million) units of common stock, with nominal value per stock – one Georgian Lari.

On the first stage of stocks’ issue, the main shareholder of VTB Bank (Georgia), PJSC VTB Bank, purchased 19 361 680 units of issued shares.

Following full sale of stocks, Authorized Share Capital of the VTB Bank (Georgia) will reach 191 292 701 million GEL mark.

CFO of VTB Bank (Georgia), Mamuka Menteshashvili stated: “Increasing Authorized Capital will promote development of VTB Bank (Georgia) and achieving strategic objectives.

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