VTB acquires 19% stake in Qatari Cqur bank

Banks

YEREVAN, August 15. /ARKA/. Russia’s second biggest bank VTB has acquired a 19% stake in Qatari CQUR Bank, RBC news agency reported on Thursday, citing VTB’s quarterly financial report.

Qatari CQUR Bank was registered in January, 2019. The bank’s authorized share capital is $100 million; the issued share capital is $25 million. The other shareholder is Amathus Investment Fund.
In 2018, VTB acquired Vozrozhdenie Bank, Nizhny Novgorod Sarovbiznesbank and Tyumen Zapsibkombank. -0-

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