In 2024, Russia's key interest rate may be raised by two percentage points to 23%, first deputy CEO of VTB Dmitry Pyanov said. "We forecast it will increase in December to 23% and will be maintained …
The Bank of Russia withdrew from the capital of Otkritie Bank, 100% of the shares were transferred to VTB, the Bank of Russia announced in a press release on Tuesday. "VTB Bank has fulfilled its obligations to the Bank of Russia by …
The Central Bank of Russia has signed a deal to sell 100% of shares in Otkritie Bank to the VTB Group for 340 billion rubles, the regulator said in a statement. VTB will pay a cash consideration of 233.1 billion rubles plus federal loan …
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 …
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 …
Russia’s VTB in Azerbaijan said it will continue to carry out all financial transactions with correspondents in the RF through the Russian equivalent of the SWIFT financial transfer system of the Central Bank of Russia – SPFS. …
VTB Bank Georgia, which is a part of the Russian VTB Bank Group, is solvent and the interests of its depositors are fully protected amid the sanctions imposed on the Russian financial system by the United States, European Union and various other …
All financial assets of the Russian bank VTB are frozen, British Prime Minister Boris Johnson said. In addition to this, UAC, USC, and Rostec were sanctioned along with VTB. Blocking sanctions are also being …
The U.S. is ready to impose sanctions against Russian banks Sberbank and VTB if necessary, a high-ranked representative of the U.S. administration told a briefing on the U.S’ new sanctions imposed against Moscow. "Let me be …
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 …
Forbes magazine has published its top-50 list of best employers in Russia. The top five includes Nornickel, Polyus, Gazprombank, Yandex …
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 …
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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 …
Chief executive of Russian bank VTB, Andrey Kostin, said he did not expect new major sanctions to be imposed by the United States on big Russian lenders, including VTB and Sberbank. "The existing restrictions, …
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's two largest banks, Sberbank and VTB will establish an airline for interregional flights, business daily Vedomosti reported.citing sources in the industry. The share of flights without stopovers in Moscow amounted to only …
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 …
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 …
The European Court of Justice (ECJ) has dismissed a motion filed by Russian companies and banks - Sberbank, VTB, Vnesheconombank, Rosneft, Gazprom Neft and Almaz-Antey – to annul the EU’s sanctions, TASS reports from the …
