Kadyrov, Kostin discuss investments in Chechnya
VTB Bank President and Chairman of the Board Andrey Kostin visited Grozny and met with the head of Chechnya Ramzan Kadyrov, Kadyrov wrote on his Instagram page. "During the friendly conversation, …
Andrey Kostin
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Russia’s average mortgage rate to decline to 10%
The average interest rate on Russian mortgage loans is expected to fall to 10% by the end of the year from around 11% currently, CEO of the country’s second biggest lender VTB Bank, Andrei Kostin, said at a meeting …
Azerbaijani President meets VTB Bank President
Azerbaijani President Ilham Aliyev has received the President and Chairman of the Management Board of VTB Bank Andrey Kostin. At the meeting they emphasized the excellent organization of the …
Andrey Kostin dismisses threat of new US sanctions against Russia
VTB Group Chief Executive Officer Andrey Kostin dismissed the threat of new US sanctions against Russia, although he said he’s no longer counting on relief from the penalties. "Russia is just some …
VTB CEO: Russia's key interest rate could be cut
VTB Bank Chief Executive Andrei Kostin said he thought there was scope for rate cuts in Russia and that the key rate, now at 10 percent, could be cut by 0.25-0.50 percentage points. Kostin was speaking to journalists on …
Andrei Kostin: dollar to decline by six rubles
Until the end of 2017, the ruble exchange rate may strengthen by 10%, the head of VTB Andrey Kostin said. "We believe that the ruble had to strengthen, but it was before the government announced the …
VTB: Bank of Russia may reduce key interest rate to 7-8%
The Central Bank of Russia may reduce the key interest rate to 7-8% in the next year, the president of Russia's VTB Bank, Andrei Kostin, said. "There is a chance that the key rate in 2017 will be reduced to …
Russian Finance Ministry: we have no plans to issue more Eurobonds now
Russia is not considering plans to issue more Eurobonds, but the government may adjust domestic borrowing plans in the autumn, Russian Deputy Finance Minister Sergey Storchak said. "We have tested the market," …
Kostin says VTB shares to rise in price if sanctions are lifted
VTB shares may rise in price by 25% in case of lifting of the US and EU sanctions, the head of VTB Andrey Kostin told Bloomberg TV. "At the moment, we believe that it will not happen this year, but who …
All conditions created to reduce interest rate of RF Central Bank
A decision to reduce the key rate by 0.5% may be taken on Friday at the upcoming meeting of the Board of Directors of the Russian Central Bank, the head of VTB Andrey Kostin said. He explained that the strengthening of the …
Putin: privatization should be as transparent as possible
"The implementation of state property privatization should be economically justified and appropriate. It is necessary to take into account the market situation and market trends... There should be no sale of shares for a pittance and for knock-down prices. …
Kostin: Russian economy will begin growing in 2017
According to the head of VTB Andrey Kostin’s opinion, Russia’s economic growth is to resume in 2017. "We feel absolute support. The whole business is on our side. …
Kostin: Sanctions against Russia will remain for about two years
The head of VTB Andrey Kostin believes that sanctions against Russia will operate for about two years, he stated about this at the forum in Davos. "The improvement will happen for a number of reasons, we have a …
World Economic Forum opens in Davos
The World Economic Forum, which annually brings together leading representatives of political and business elites, will open in the Swiss ski resort of Davos today. According to organizers, its main theme is the beginning of the fourth industrial revolution, however, the participants will also discuss a number of pressing political and economic issues, including the unprecedented drop in oil prices, the lifting of sanctions against Iran and the terrorist threat.
VTB has no plans to participate in transactions with Iran during sanctions
Russia's VTB has no plans to engage in transactions with Iran until all sanctions against Iran are lifted, the head of VTB, Andrey Kostin, said. "VTB will not participate in any financial transactions, which …
Putin: peak of crisis has passed
Today Moscow is hosting the 7th Russia Calling! Investment Forum organised by VTB Capital. The participants are discussing the priorities of development of the Russian economy, promotion of regional growth and the main trends in the …
Kostin and Deripaska argue about existence of crisis in Russia
The head of VTB, Andrey Kostin, said at the Russia Calling Investment forum, that there is no crisis in the country, but "the situation, including in the financial sector, is not easy." He believes that only …
Kostin: situation in Greece won't affect Russian economy
The head of VTB, Andrey Kostin, sees no negative impact on the Russian economy from the Greek crisis. "I do not see any negative impact on the Russian economy or Russia, although any shock in Europe won't lead to anything be
Russia's VTB Bank fears to open branch in Crimea over sanction threat
VTB head Andrey Kostin said that his bank could not open an office in Crimea due to threats of sanctions looming over it, TASS reports. The bank will focus on expansion in Russia instead. Kostin does not expect the US to lift
