Head of VTB stated desire to sell the Ukrainian business – News Economy

Print President-Chairman of VTB Andrey Kostin said that does not see opportunities for business development in Ukraine and will sell existing assets.

VTB soon sell its Ukrainian business than continue efforts to its development. This Andrei Kostin said in an Investor Day ( “Investment Forum” VTB Capital “) in London:

” As for Ukraine, we assume there is a substantial loss. We see great opportunities out there – both economic and political. I think if we dropped the chance, we would even have sold this business, what would have increased his or preserved, because we do not see there is no opportunity “.

In the Ukrainian VTB assets include” VTB Bank ” and the “BM Bank”, a subsidiary of “Bank of Moscow”. in accordance with IFRS on the basis of reporting data in 2015, “VTB Bank” recorded a loss of about 10.9 billion rubles. “BM Bank” in the last year has brought VTB group a loss of about 1 billion rubles.