VTB may acquire 5% of NSPK shares in October
VTB intends to acquire 5% of the shares of the National Payment Card System (NSPK, Mir payment system operator). This was announced by the head of the bank Andrey Kostin at the International Banking Forum.
VTB intends to acquire 5% of the shares of the National Payment Card System (NSPK, Mir payment system operator). This was announced by the head of the bank Andrey Kostin at the International Banking Forum.
According to the head of the Bank of Russia Elvira Nabiulinna, the assessment of the market value of the NSPK is almost complete. “We will start consultations with potential buyers in October,” she said at the same forum. She also said that it will be “a fairly large package of shares”.
The NSPK was established in 2014. 100% of its shares are owned by the Bank of Russia. Under the current laws, the Central Bank is obliged to retain a controlling stake, and the share of one company cannot exceed 5%. Privatization of the payment system was incorporated into the strategy of its development since its inception, the regulator said earlier.
