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AKB Bank Moskvy OAO to sell Belarusian subsidiary-Interfax

Friday, 8 Aug 2014 04:47am EDT 

AKB Bank Moskvy OAO:Bank of Moscow's board of directors has given the go ahead for the bank to sell its Belarusian subsidiary, Bank of Moscow-Minsk, the Russian bank said in materials-Interfax.The sale will be conducted in order to optimize the presence of VTB Group in Belarus in the near future, and accordance with Bank of Moscow's strategy, which does not see developing subsidiary banks outside the country's borders, the bank's press service told Interfax.The name of the buyer is not being disclosed.Bank of Moscow is also searching for a buyer for its Ukrainian asset and does not rule out the option of merging it with VTB Ukraine. 

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23 Jun 2016