VTB CEO predicts key rate cut
VTB CEO Andrey Kostin expects a reduction in Russia's key rate, which currently stands at 18%.
Andrey Kostin
VTB bank to open subsidiary in Iran
Russia's VTB bank plans to open a full-fledged subsidiary bank in Iran by the end of 2025, President and Board Chairman Andrei Kostin said. "We are announcing today that we plan to open a bank by the end of this …
VTB: Dollar not to rise to 100 rubles until New Year
It is not worth waiting for a serious rise in the dollar before the end of the year, the head of VTB said. In his opinion, the exchange rate will remain at 90 rubles.
VTB bank leaving Georgia
VTB plans to maintain its presence in the banking markets of Azerbaijan, Armenia, Belarus, Kazakhstan, China and India, VTB CEO Andrei Kostin told Interfax in an interview. "We are not selling [subsidiary banks] anywhere, with the …
Russia's VTB CEO projects double-digit inflation by end of 2022
Chief Executive Officer of Russia’s second-biggest bank VTB Andrey Kostin projects double-digit inflation in the country by the end of 2022. "There will be double-digit inflation, for sure, we projected that," he said in …
Azerbaijani President meets with VTB chairman in Davos
President of Azerbaijan Ilham Aliyev has embarked on a working visit to the Swiss Confederation to attend the annual meeting of the World Economic Forum, his press service reported. The head of state met with …
Kostin: lower interest rates 'definite trend' in Russia
VTB chairman Andrey Kostin said at the Eastern Economic Forum in Vladivostok that his bank has learned to raise capital domestically which has helped in times of crises. "There’s quite wide …
Kostin: Russia’s central bank may lower key rate in II second quarter
There is a possibility that Russia’s central bank would lower its key rate in the second quarter of 2019, VTB Chief Executive Andrey Kostin said. He also said that Russia’s second largest lender VTB …
Putin holds meeting with VTB head
Russian President Vladimir Putin had a working meeting with President and Chairman of the VTB Bank Management Board Andrei Kostin to discuss the bank’s performance last year, mortgage lending and housing construction …
Azerbaijan catches interest of world economic elite in Davos
Ilham Aliyev held more than a dozen meetings for two days of the World Economic Forum
Ilham Aliyev meets head of VTB Bank in Davos
Azerbaijani President Ilham Aliyev has met with president and chairman of VTB Bank Management Board Andrey Kostin in Davos today, according to the Azerbaijani presidential website. Azerbaijan’s …
Kremlin: Davos forum undermining itself over attendance of Russian businessmen
Kremlin spokesman Dmitry Peskov said that the Davos world economic forum was undermining itself by not allowing Russian businessmen Oleg Deripaska, Viktor Vekselberg and Andrei …
Russia's VTB head says complete de-dollarization is utopia
Russia could expand the use of rubles for international settlements but it was unlikely to ban U.S. dollars, chief executive of VTB Andrei Kostin said. "Wider usage of the ruble... gives more business to the …
Russia not to ban dollar use
Russia’s government doesn't plan to restrict dollar usage in the country, but intends to approve a plan to reduce dollar usage, as the Kremlin steps up efforts to cut dependence on the U.S. currency amid fears of new U.S. sanctions. …
Kremlin: de-dollarization is very lengthy and scrupulous process
De-dollarization of the Russian economy is a length process, Kremlin spokesman Dmitry Peskov said. The spokesman stressed that Russian president Vladimir Putin was a longstanding supporter of the …
"If US continues to use dollar as a weapon..."
Russia, just like other countries, may soon move away from trade in dollars, VTB chairman, Andrei Kostin, said in an interview with Bloomberg. This will happen if the US continues to use its currency as a weapon, he added. …
Pashinyan discusses expanding VTB bank’s activities in Armenia
Armenia's Prime Minister Nikol Pashinyan, who is on a working visit to Russia, met with president and chairman of VTB Bank Management Board Andrey Kostin. The PM underscored VTB …
Kostin: 'World War III' worries me more than sanctions do
Diplomatic tensions and the "aggressive policy" of the U.S. toward Moscow are of more concern than economic sanctions, the president and chairman of Russia's VTB Bank Andrei Kostin said. "What …
VTB chair on Moody's outlook on Russia: that's right
President and Chairman of the Management Board of Russia's VTB Bank Andrei Kostin sees the prerequisites for further positive decisions on Russia's sovereign rating. "That's right, this is just the …
VTB Bank CEO gives cbank’s key rate forecast
The key rate of Russia’s central bank may contract to 6–6.75% annually until the end of 2018, CEO of the VTB bank, Andrei Kostin, said on the sidelines of the World Economic Forum in Davos. "If we …