VTB has ceased to be a shareholder of “SPB Exchange” – the bank’s share decreased from 9.25% to zero, follows from the disclosure of the credit organization.

“VTB has withdrawn from the capital of SPB Exchange. Details of the transaction are not disclosed due to confidentiality conditions,” VTB’s press service told Interfax.

“SPB Exchange” is an organizer of trading in securities of international companies on the Russian financial market. SPB Exchange Group includes subsidiary operating companies: “Clearing Center MFB” (provides clearing services) and “Best Efforts Bank” (performs the functions of settlement depository).

In November last year, the exchange went IPO, placed 18.76 million new shares and raised $175 million.

In addition to VTB, the exchange’s shares were owned by Sovcombank, Aton, BKS, NP RTS, and the management and board of directors of SPB Exchange.