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VTB Group Seeking Acquisitions in Russia, Ukraine, Kostin Says

Dec. 6 (Bloomberg) -- VTB Group Chairman Andrei Kostin said Russia’s second-largest lender will grow “organically” in Asia and is seeking acquisitions at home.

“In Asia, we are expanding organically mainly,” Kostin said today on Bloomberg Television’s “Taking Stock with Pimm Fox.” “We’re definitely looking for acquisitions in Russia, might be in Ukraine, our major markets.”

To contact the reporters on this story: Noah Buhayar at nbuhayar@bloomberg.net; Pimm Fox in New York at pfox11@bloomberg.net.

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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