SPO Better Choice for VTB, says Central Bank Chair

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SPO Better Choice for VTB, says Central Bank Chair

20.02.2013 21:09

SPO Better Choice for VTB, says Central Bank Chair

Photo Credit: http://www.kalemjournal.com

The head of the Russian Central Bank says an SPO would make more sense for the VTB bank, according to Banki.ru website.

Sergey Ignatiev told the MPs on Wednesday that the VTB should look for a foreign investor.

The Central Bank does not plan to sell additional shares of Sberbank, Russian leading lender, over the next 2-3 years. It holds a 50 percent stake in Sberbank.

Sources: http://www.banki.ru

Author: Mikhail Vesely

Tags: Central Bank Sergey Ignatiev VTB

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