VTB Bank completed a deal to purchase 19 percent of the Qatari CQUR Bank.
This became known from a report published on the official website of the bank, as reported by the Interfax news agency.
The Qatari financial institution CQUR Bank was registered on January 29, 2019. In addition to VTB, its investor is the Amathus Investment Fund.
VTB is the second largest bank in Russia. RBC reports with reference to the press service of VTB that the bank has invested almost $ 5 million in the deal. At the same time, a proposal to enter the local market to the Russian bank came from the Qatari side.
Group of Strategic Vision "Russia - Islamic World"
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