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VTB Bank President Andrey Kostin visits Azerbaijan

11 February 2014

VTB Bank President and Chairman of the Management Board Andrey Kostin has visited Azerbaijan, where he discussed VTB Group’s development in the region with President Ilham Aliyev.

Mr Kostin also met with Azerbaijan’s tax and economy and industry ministers, the management of the State Oil Fund of Azerbaijan (SOFAZ) – one of VTB Bank’s major shareholders following the Bank’s SPO last year – as well as the management of several potential clients among Azerbaijan’s oil companies.

«Commenting on his visit, said: “It was a hugely successful visit. VTB has been working to attract investment into the region, in particular the real sector of the economy and banking services for consumers and companies in Azerbaijan. President Ilham Aliyev has expressed support for this policy».
Mr Kostin

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