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Vneshtorgbank buys bank in Azerbaijan

Business Materials 2 March 2006 14:14 (UTC +04:00)

Vnehstorgbank coordinated principally either possible purchasing of a bank in Azerbaijan or opening the branch in the country, the president and the board chairman Andrey Kostin has said during the news conference, Trend reports.

Apart from this, according to the Vnehstorgbank head, the bank purchases banks in Kazakhstan, Moldova, Turkmenistan, Tadjikistan, Kirgiziya. For today Vnehstorgbank has two daughter subsidiaries in Ukraine/ Vnehstorgbnak Ukraina and Vnehstorgbnak-Рњriya, which will be consolidated under the brand Vnehstorgbank Ukraine/. Besides, Vnehstorgbank has two daughter banks in Armenia and Georgia, Prime-TASS reports.

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