Russian VTB bank to maintain in Azerbaijan

Russia's VTB bank plans to maintain its presence in the banking markets of Azerbaijan, Armenia, Belarus, Kazakhstan, China and India.

"With the exception of one case, we're not leaving from anywhere. Georgia is the only country we're leaving, but the situation there is different,” President and Chairman of VTB Bank Management Board Andrey Kostin said in an interview with the Interfax news agency. 

“We remain and promote the issue of interaction with national banks, with local banks in Azerbaijan, Armenia, Belarus, Kazakhstan, China, India, in order to be the key bank for settlements in bilateral trade in national currencies. We see prospects for our business in these countries," he said.