Andrey Kostin

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 …

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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, …

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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 …

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 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 …

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 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 …

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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 …

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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. …

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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.

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