Source: B92 | Monday, 13.07.2015.| 00:29
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Russian funds for Serbian companies - VTB bank increases capital for EUR 7 m

(Photo: I.Vukša)
TB bank Beograd, member of VTB Group is planning to increase share capital of EUR 19,4 m for additional EUR 7 m, the bank communicated. The decision of the share capital increase was made the Shareholder assembly of the bank and management expects that capital increase will contribute to expansion of business activities at the market of Serbia.

- The bank must become a leading bank for Russian companies in Serbia as well as to provide active support to companies exporting to the Russian Federation market and other markets where VTB Group is operating at – president of the Executive Board at VTB bank Beograd Markus Ferstl, says.

The bank is also planning to set up in the near future the department which will be in charge of , solely operations at the market of the Russian Federation as well as promotion of products related to funding trading affairs and factoring, it was stated in the announcement.

Markus Ferstl has been heading VTB bank Beograd as of May this year and he previously spent 12 years at leading positions within the Austrian financial group.

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