6 Sep 2011 11:11

Bank of Moscow could issue 100 bln rubles in new shares by end 2011

MOSCOW. Sept 6 (Interfax) - Bank of Moscow plans to issue 100 billion rubles in new shares in favor of VTB by the end of 2011.

"I think by the end of the year," Bank of Moscow's deputy CEO, Alexander Yastrib, told reporters.

Yastrib also said the bank's strategy to 2013 would be approved in October.

"I think in October. We'll also have to make all the financial projections and start business planning in the framework of the VTB group," he said.