Andrey Kostin

VTB bank leaving Georgia

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 …

Azerbaijani President meets with VTB chairman in Davos

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 …

Putin holds meeting with VTB head

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 …

Ilham Aliyev meets head of VTB Bank in Davos

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 …

Russia not to ban dollar use

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. …

"If US continues to use dollar as a weapon..."

"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. …

VTB chair on Moody's outlook on Russia: that's right

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

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 …

Russia's VTB head says what he thinks about bitcoin

Russia's VTB head says what he thinks about bitcoin

Bitcoin is a fake currency, Russia’s VTB Bank PJSC management board Chairman Andrey Kostin said in Davos. "Bitcoin is a fake currency and governments can’t accept a growing market of money not …

Kadyrov, Kostin discuss investments in Chechnya

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, …

 Russia’s average mortgage rate to decline to 10%

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 …