VTB said it was impossible to sell the two banks in Ukraine

We are talking about the sale of VTB Bank and BM Bank.

Russian banking group VTB said it was impossible to sell the two banks in Ukraine – VTB Bank and BM Bank.

This was announced by the head of the Russian VTB Andrey Kostin.

“We will reduce the size of the business and the costs to sell the assets slowly, to pick up credits that you can, and all liens to sell. And from there to curl. To sell there’s probably no one will,” – said Kostin.

Earlier, the VTB group has announced its intention to sell the Ukrainian banks in case of interesting offers. However, in June, VTB management has announced that it has suspended the active search for buyers.

Note that the talk of withdrawal of the group from the Ukrainian market resumed in March 2017 after Kiev introduced sanctions against Ukrainian banks with Russian state capital.

It is also reported that the state-owned Russian Bank VTB filed a lawsuit in the Moscow Arbitration court, demanding to recover $39.4 million of debt from the company Firtash.

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