The total losses of Russian Post for 2022-2023
Posted: Sun Jan 19, 2025 7:21 am
On December 10, during a meeting of the Federation Council Committee on Economic Policy, the head of the Russian Ministry of Digital Development, Maksut Shadayev, announced that Russian Post JSC had sold Post Bank for 36 billion rubles to its second partner, VTB Bank PJSC. He noted that these would be additional funds that Russian Post would receive for development, and the money from the deal should arrive in December.
and nine months of 2024 amount to 46.8 billion rubles. Thus, the income from the sale of a stake in Post Bank will allow the state postal operator to cover almost 77% of the losses - and most likely less, since few expect Russian Post to become profitable in the fourth quarter of 2024.
"The deal will be closed i denmark telegram n the near future. Settlements are expected on December 23. Post Bank is 24 thousand points of sale, 9 million active clients. Its integration into the VTB Group means a qualitatively new level of development of the project. The issues of integration of Post Bank offices will be resolved in 2025, our task is to maintain or improve the service of people receiving services at Post Bank, to provide them with the maximum opportunities that VTB provides," said Dmitry Pyanov, First Deputy Chairman of VTB.
A representative of the VTB press service told a ComNews correspondent that the decision to integrate the two banks was based on several factors: "First of all, clients of Pochta Bank and Russian Post will be offered a much wider range of modern VTB banking products. By strengthening its positions in the regions, the bank offers residents of the country a profitable alternative. Finally, integration into the group makes it possible to more effectively respond to external challenges for the entire banking system: a long period of tight monetary policy, new macroprudential regulation of retail lending, and the need to ensure technological sovereignty in the shortest possible time."
A VTB press service representative noted that the bank's development strategy for 2024-2026 will result in the expansion of the regional network, including the integration of Post Bank. This will help VTB Group provide services to more than 100 million people. "The first step for us will be the consolidation of ownership of Post Bank - by the end of 2024, VTB will become its 100% shareholder. In 2025, we will be actively working to migrate the network, clients and business of Post Bank to a single technological platform under the VTB brand," the press service representative said.
and nine months of 2024 amount to 46.8 billion rubles. Thus, the income from the sale of a stake in Post Bank will allow the state postal operator to cover almost 77% of the losses - and most likely less, since few expect Russian Post to become profitable in the fourth quarter of 2024.
"The deal will be closed i denmark telegram n the near future. Settlements are expected on December 23. Post Bank is 24 thousand points of sale, 9 million active clients. Its integration into the VTB Group means a qualitatively new level of development of the project. The issues of integration of Post Bank offices will be resolved in 2025, our task is to maintain or improve the service of people receiving services at Post Bank, to provide them with the maximum opportunities that VTB provides," said Dmitry Pyanov, First Deputy Chairman of VTB.
A representative of the VTB press service told a ComNews correspondent that the decision to integrate the two banks was based on several factors: "First of all, clients of Pochta Bank and Russian Post will be offered a much wider range of modern VTB banking products. By strengthening its positions in the regions, the bank offers residents of the country a profitable alternative. Finally, integration into the group makes it possible to more effectively respond to external challenges for the entire banking system: a long period of tight monetary policy, new macroprudential regulation of retail lending, and the need to ensure technological sovereignty in the shortest possible time."
A VTB press service representative noted that the bank's development strategy for 2024-2026 will result in the expansion of the regional network, including the integration of Post Bank. This will help VTB Group provide services to more than 100 million people. "The first step for us will be the consolidation of ownership of Post Bank - by the end of 2024, VTB will become its 100% shareholder. In 2025, we will be actively working to migrate the network, clients and business of Post Bank to a single technological platform under the VTB brand," the press service representative said.