JSC Russian Railways and VTB Bank (PJSC) signed a memorandum of cooperation during the St. Petersburg International Economic Forum, the press service of Russian Railways informed.
The parties agreed to build mutually beneficial cooperation, which assumes the bank's participation in the long-term projects implemented by the company.
VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all the key segments of the financial market. In the CIS, the group is active in Armenia, Ukraine, Belarus, Kazakhstan, Azerbaijan. VTB's banks in Austria, Germany and France are operating as parts of the European sub-holding led by VTB Bank (Austria). Besides, the group has subsidiary and affiliate banks in the UK, Cyprus, Serbia, Georgia and Angola, as well as one VTB branch in China and India, two VTB Capital Plc branches in Singapore and Dubai.
JSC Russian Railways (tax number: 7708503727) was established on October 1, 2003 on the basis of the Ministry of Railway Communication. The Government of Russia is the sole owner of the company. The company's authorized capital is RUB 2,254,029,003,000.
RAS net profit of JSC Russian Railways for H1 2018 decreased by 18.48% to RUB 25.585 billion from RUB 31.385 billion for the same period in 2017. Revenue increased by 5.78% to RUB 875.813 billion from RUB 827.933 billion, sales profit decreased by 13.62% to RUB 78.139 billion from RUB 90.463 billion, pre-tax profit by 11.77% to RUB 45.971 billion from RUB 52.102 billion.
IFRS net profit of the Russian Railways holding for 2018 was RUB 35.4 billion. The holding's revenue for 2018 increased by 7.2% year-on-year to RUB 2.413 trillion from RUB 2.252 trillion. 12-month EBITDA increased by 6.4% year-on-year to RUB 527 billion from RUB 496 billion.
"AK&M", 10.06.2019 18:32