Wednesday, June 1, 2011

Andrei Borodin predicted a retired ambulance

VTB enlisted the support of the majority shareholders of the Bank of Moscow, which on April 21 at an extraordinary meeting to elect a new president. Told the head Andrei Kostin, VTB's briefing, which took place on Friday, April 8, in Moscow. According to Andrei Kostin, the ballots already sent out to shareholders and they vote early. Head of VTB reported that more than 70 percent voted for the candidacy of Mikhail Kuzovleva, first vice-president of the bank. Kostin added that he sees a large outflow of depositors' funds from the Bank of Moscow against the backdrop of corporate conflict around the bank. It was also announced that the Bank of Moscow will retain its brand. The current president of the Bank of Moscow Andrey Borodin is abroad for medical treatment. The day before he said he would run the bank in London. Recall that after the resignation of Moscow Mayor Yuri Luzhkov of Moscow Bank was privatized. In early 2011, VTB acquired a 46.48 percent stake in the capital of the credit institution without competition. Representatives of the State Bank has repeatedly stated its intention to increase its stake in Bank of Moscow to one hundred percent. But for that State Bank had to agree on a "fair price" for the shares to minority shareholders of Bank of Moscow, including the president of the bank Andrey Borodin, who along with his adviser controls about 20 percent of the shares of the credit institution. However, VTB failed to reach agreement on price, and started an inter-bank conflict.

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