VTB acquires 40% of Technoserv Group from a private investor

VTB Bank, one of the leading universal banks of Russia, acquires 40% of Technoserv Group, a provider of information technology services from a private investor, Mr. Alexei Ananiev. No financial terms were disclosed. For VTB acquisition of Technoserv is a strategically important transaction that will significantly enhance bank's technological expertise. As such, this will considerably increase VTB Group's capabilities to create new competitive products and services for its customers, further enhance the quality of innovative IT developments for the digital transformation of VTB and will ultimately positively impact the Group's financial performance.