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Russia’s VTB Capital opens office in Sofia

It is planned that the office will hire up to 20 employees

MOSCOW, March 1 (Itar-Tass) —— VTB Capital, an investment arm of the VTB group, has opened an office in the Bulgarian capital Sofia, the company’s press service reported.

“Central and Eastern Europe is part of our strategy of expanding international presence, and the Balkan countries have close historical and economic ties with Russia,” said Alexei Yakovitsky, the director general of VTB Capital.

The Sofia office – VTB Capital AD – will offer investment and banking service, such as consultancy on deals on the debt capital and capital stock markets, consultancy on mergers and acquisitions, and investing into fixed assets. It is planned that the office will hire up to 20 employees.

VTB Capital operates offices in Moscow, London, Singapore, Dubai, Hong Kong, New York, Paris, and Vienna. The headquarters is in Moscow. The company’s pre-tax profits in 2010 were 25.5 billion roubles, or up by 55.5 percent of the 2009 figure of 16.4 billion roubles.

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