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VTB and RWB discuss partnership details amid ongoing negotiations

VTB, with First Deputy CEO Dmitry Pyanov at the helm, is in talks for a partnership with Russian online retailer RWB. As part of this deal, VTB plans to acquire a 5% stake in WB Bank. This collaboration seeks to improve WB Bank's access to VTB's financial resources, which could significantly reshape the Russian e-commerce and banking sectors.

BRIC Team
BRIC Team
Jun 30, 2026 · 1 min read · 5 views
VTB and RWB discuss partnership details amid ongoing negotiations

Key Takeaways

  • •VTB is negotiating a partnership with RWB, with a 5% stake acquisition in WB Bank on the table.
  • •Dmitry Pyanov emphasized the need for transparency at VTB's annual general meeting, stating, 'information is not yet sufficient.'
  • •RWB plans to establish a strategic partnership with VTB to enhance its banking capabilities.
  • •The partnership aims to leverage VTB's infrastructure and financial products to boost WB Bank's operations.
  • •This collaboration could significantly reshape the competitive dynamics in the Russian e-commerce and banking sectors.

Negotiations between VTB and Russian online retailer RWB are underway,with key partnership details still under wraps . Dmitry Pyanov,First Deputy CEO of VTB,told shareholders at bank's annual meeting that not everything's been nailed down yet.

Pyanov admitted transparency is lacking,stating,"We absolutely agree that information is not yet sufficient for existing shareholders,for the interested persons." He noted the unique partnership brings several sensitive issues needing more talks.

Earlier,RWB's press office revealed plans for strategic partnership with VTB. As part of deal,VTB will snag 5% stake in WB Bank. This gives WB Bank access to VTB's infrastructure,investment opportunities and other financial products.

The partnership marks big step in shifting Russian e-commerce and banking scene,as both aim to play to their strengths. Final deal could shake up the market's competitive dynamics…

#Business & Economy

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