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Russia's VTB bank to acquire a 5% stake in Wildberries-owned WB bank - Finance news and analysis from Global Banking & Finance Review
Finance

Russia's VTB bank to acquire a 5% stake in Wildberries-owned WB bank

Published by Global Banking & Finance Review

Posted on May 26, 2026

1 min read

· Last updated: May 26, 2026

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VTB Bank to Buy 5% Share in Wildberries-Owned WB Bank Under New Partnership

VTB's Strategic Move and Partnership with Wildberries

Acquisition Details

MOSCOW, May 26 (Reuters) - VTB, Russia’s second-largest lender, is set to acquire a 5% stake in WB Bank, which is owned by Russia's largest online retailer Wildberries, according to a statement from Wildberries on Tuesday.

Partnership Agreement

VTB and Wildberries plan to sign a strategic partnership agreement, the company said.

Official Statements

VTB declined to comment on the matter.

Reporting Credits

(Reporting by Elena FabrichnayaEditing by Andrew Osborn)

Key Takeaways

  • VTB to buy 5% of WB Bank from Wildberries‑Russ, with option to increase stake later (vedomosti.ru)
  • Under the agreement, WB Bank clients will gain access to VTB’s branches, ATMs, investment products and mortgages (vedomosti.ru)
  • Partnership marks Russia’s first major collaboration between a traditional bank and a leading e‑commerce platform to develop fintech and retail banking services (vedomosti.ru)

References

Frequently Asked Questions

Who is acquiring a stake in WB Bank?
VTB, Russia’s second-largest lender, is acquiring a 5% stake in WB Bank.
Who owns WB Bank?
WB Bank is owned by Wildberries, Russia's largest online retailer.
What is the purpose of the deal between VTB and Wildberries?
VTB and Wildberries plan to sign a strategic partnership agreement as part of the deal.
Did VTB comment on the acquisition of WB Bank stake?
VTB declined to comment on the matter.

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