* VTB buys 46.5 percent in Bank of Moscow, stake in SSG
* Seeks gaining full control in Moscow's lender
MOSCOW, Feb 24 (Reuters) - Russia's VTB, which bought the City Hall stake in Bank of Moscow early this week, started talks with other lender's shareholders on a possible buy-out of their holdings, VTB's spokesman said.
"VTB started consultations and negotiations with other Bank of Moscow shareholders," he told Reuters.
The spokesman did not name specific shareholders of Russia's No.5 lender, in which its chief executive Andrei Borodin together with his ally Lev Alaluyev have a 20.3 percent stake.
Earlier this week, state-controlled VTB, Russia's No.2 bank, bought the City of Moscow's 46.5 percent stake in Bank of Moscow as well as a 25 percent stake in insurer Stolichnaya Strakhovaya Gruppa (SSG), which itself owns 17.3 percent in Bank of Moscow.
The deals worth 103 billion roubles ($3.53 billion) were concluded in time for VTB to use its stake to vote at a forthcoming shareholders meeting where Bank of Moscow's new CEO may be named.
VTB, which has been circling Bank of Moscow since President Dmitry Medvedev fired Moscow Mayor Yuri Luzhkov last year, took a third of seats on the lender's board of directors this week and was seeking to buy a 100-percent stake in the rival.
On Thursday, VTB's CEO Andrei Kostin was elected the chairman of Bank of Moscow's board and his first deputy Mikhail Kuzovlev became the first deputy head at the lender, VTB said.
Borodin on Monday valued the bank in the range $8.2 billion to $9.6 billion, which represents the ratio of between 2.0 and 2.4 to its capital respectively.
Bank of Moscow, with market capitalisation standing at $7.6 billion, declined to comment. ($1=29.17 Rouble) (Reporting by Katya Golubkova and Oksana Kobzeva; Editing by Jon Loades-Carter)