Andrey Kostin, President and Chairman of the Management Board of VTB Bank, met with Georgian Prime Minister Bidzina Ivanishvili during a working visit to Georgia on 27 June 2013.
The parties discussed VTB Group’s further development in Georgia.
«The meeting with Mr Ivanishvili was very constructive. I saw that the Georgian side was sincerely interested in having VTB expand its activities in Georgia. In light of this, we are planning to recapitalise our bank in Georgia in 2013 by $7.5 million and open another five branches of VTB Bank (Georgia) before the end of this year».
President and Chairman of the Management Board
The Georgian side believes that positive changes in the trade and economic environment between Russia and Georgia will help to maximize VTB’s potential for developing bilateral economic relations.