16 Nov 2009 16:35

VTB share issue possible, but not probable in 2010

MOSCOW. Nov 16 (Interfax) - A supplementary share issue by VTB bank is possible but not probable in 2010, Central Bank First Deputy Chairman Alexei Ulyukayev told reporters.

"It can't be ruled out, but there's not a very strong likelihood," Ulyukayev said.

He said the bank's capital adequacy was good following its recent 180-billion ruble share issue and that he saw need for another issue.

VTB President Andrei Kostin has said he did nit think the bank so far had any need to issue new shares in 2010.