Select your city:
Moscow

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

President V. Putin receives A. Kostin

 
20 March 2006

On 20 March 2006, Russian President Vladimir Putin received Andrey Kostin, head of Vneshtorgbank.

Andrey Kostin reported to the President on establishment of Vneshtorgbank international banking group, having the most diversified, among Russian banks, foreign network. It was expanded last year by joining St. Petersburg-based Promstroibank and Russian-owned banks abroad. Also, Vneshtorgbank`s CEO outlined VTB group results gained in 2005 with USD36 billion in assets, USD20 billion in the customer portfolio, and about USD500 million in net profit, exceeding a historical maximum.

The bank`s plans to further develop subsidiaries throughout the CIS area were discussed at the meeting. Andrey Kostin said that presently, under the strategy in implementation, Vneshtorgbank keeps expanding its business geography, which requires additional funding to be raised by entering the stock market. In this context, Andrey Kostin told the President about Vneshtorgbank`s IPO preparation in Russian and foreign-based exchanges to be held between 2006 and 2007, where part of the equity will be offered to the broad public.


Back to the list



VTB group news subscribe
  • E-mail subscribe
  • RSS lent
    Subscribe
    Subscribe
Download the list of cities.....