Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

VTB plans certain staff reductions in London, West Europe due to sanctions

October 13, 2014, 9:56 UTC+3 WASHINGTON
The reduction will not be large, only in operations which are of little demand now, VTB head Andrey Kostin says
1 pages in this article
VTB head Andrey Kostin

VTB head Andrey Kostin

© ITAR-TASS/Zurab Dzhavakhadze

WASHINGTON, October 13. /TASS/. Russia’s Vneshtorgbank Group (VTB) will have certain staff reductions in London and West Europe due to sanctions, VTB head Andrey Kostin told reporters on Monday.

“Clearly, there are operations, first of all those in investment banking, which are not of high demand now. We also experience limitations with access to capital, but, probably, operations like IPO, placements of shares and bonds in the international market — those operations are declining now, thus we shall have to make certain staff reductions,” he said.

“We shall reduce our staff in London, in Western Europe, but the reduction will not be large, only in operations which are of little demand now, but generally we shall keep the base, as we believe the situation will change in a year or two, and the people involved are the base of our bank and they will be of demand,” he said.

Show more
In other media
Реклама
Реклама