MOSCOW, April 25 (Itar-Tass) —— The observer council of the VTB bank on Wednesday unanimously voted for prolonging the powers of the bank’s president and board chairman till June 9, 2017.
Earlier, Prime Minister Vladimir Putin approved of the government’s directives on the issue.
Kostin said the VTB bank achieved considerable successes in recent years. We have accessed new foreign markets and created a major global bank and a successful business model. Our achievements merely prove the correctness of the chosen strategy. In 2011 we posted the VTB’s record-high profit. I am certain that in five years to come the VTB will be able to achieve far greater results in the interests of our shareholders and our economy. We are to convert the VTB into a bank of high technologies with high parameters of effectiveness and the most advanced level of corporate management.”