VTB Bank PJSC launched an online platform for the sale of its noncore assets, such as real estate, vehicles and special equipment, the lender said, noting that some of the assets will be offered with a discount of up to 20%.
Clients will also be able to apply for a mortgage loan via the platform and access other banking products, with additional functionalities to be added in 2020, the Russian state-controlled bank said in its Aug. 22 filing.
Thanks to the platform, VTB hopes to double proceeds from the sale of noncore retail assets, the value of which reached 5 billion Russian rubles in 2018, VTB Bank's retail debt recovery department head, Evgeny Novikov, was cited as saying.
As of Aug. 22, US$1 was equivalent to 65.71 Russian rubles.
