26 May 2010 14:29
JSC VTB Bank Supervisory Council held its meeting
On 26 May 2010, JSC VTB Bank Supervisory Council approved a new strategy of VTB Group for the period of up to 2013. It is aimed at further capitalization and considerable increase in business efficiency of the Group. The strategy also provides for a boost of incomes against qualitative improvement of their structure: enhanced customer base, larger share of high-margin products and segments, and more sustained financial performance. The Group will continue to diversify its business and create some strong business aims to build up the Group's profit.
Citing Andrei Kostin, VTB President and Chairman of the Management Board: "A key priority for VTB within the new strategy will be attaining VTB share price, increase in profits and ROE which is in the interest of our shareholders".
The Supervisory Council also discussed a number of issues related to the Bank's standard commercial business.