In the Bank of Moscow has returned a former deputy chairman of VTB

Bank of Moscow said on its website that Michael Kuzovlev returned to his duties as first vice-president of the credit institution. Recall, a former first deputy chairman of VTB Michael Kuzovlev became the first vice-president of Bank of Moscow in February 2011, after the VTB acquired a 46.48 percent stake in the bank from the government of Moscow. One of the largest deals in the domestic financial market has become a cause of conflict between the minority shareholders of VTB and Bank of Moscow, including the president of the bank Andrey Borodin. March 25, 2011 at the initiative of minority Kuzovlev was dismissed by a board member of Bank of Moscow. Russian media reported that the reason for his resignation could be a gross violation of corporate ethics. Then the conflict between the two banks to develop incrementally. In early April, the head of VTB called the situation in the Bank of Moscow "lawlessness", and Andrei Borodin, who is abroad, expressed doubts about the professionalism of Andrei Kostin. In the VTB report on returning senior manager perceived "with satisfaction".