VTB to Increase Its Russian Market Share to 10—12% by 2010

The VTB group is to increase its Russian banking market share to 10—12% by 2010. The group is to increase its assets to R3.0 trillion and the credit portfolio to R1.5 trln by 2010. In the coming two years, the group will prioritize expanding its network in CIS and non-CIS countries by buying banks in Kazakhstan, Belarus and Azerbaijan and establishing new institutions in the Asia-Pacific region. By the end of 2010, the bank will accumulate more than 20% of its business outside Russia.

Source: BANKIR.RU, October 24, 2006