Head of VTB arrived in an "unfriendly" Bank of Moscow

President Andrei Kostin, VTB on Friday, April 8, meets with top managers of the Bank of Moscow Bank building in the capital, RIA Novosti reported. The meeting was attended by former vice-president VTB, and now first vice-president of Bank of Moscow, Mikhail Kuzovlev, who had been expelled from the Board of the Bank of Moscow. "Sensations, no one expects. This is a working meeting. The main task - to begin to function normally "- a spokesman said. Other details were not disclosed. 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 was able to negotiate with minority shareholders on the price, and started an inter-bank conflict. Michael Kuzovlev was expelled from the Board of the Bank of Moscow Andrey Borodin began to run the bank in London (media wrote that the reason for departure was a criminal case), and Andrei Kostin, described the situation as "lawlessness."