KIEV, July 5 - The shareholders of VTB Bank, during a general meeting on Aug. 17, will discuss the issue of the absorption of Vneshtorgbank (Ukraine) into an affiliate.

As the VTB reported , an additional issue of shares is planned under the absorption, equal to the registered statutory capital of Vneshtorgbank (Ukraine). The exchange of the shares of Vneshtorgbank (Ukraine) for commitment letters of VTB Bank is scheduled for Aug. 31 – Nov.1, 2007.