DUSHANBE, June 28, 2008, Asia-Plus — Russian VTB (VenshTorgBank) plans to spend over US$30 million on acquisitions in Moldova, Tajikistan, Deputy Chair of the Board Vasilii Titov said.
According to him, the Russian Bank asked central banks of the countries for a permission to do this. The bank did not tell the names of the banks it intends to buy however the bank told that it would like to buy 100% of shares.
Titov told Moscow journalists that the Russian VTB is going to wait for an answer for two months.
At the beginning of the year the Russian Bank promised to have a daughter company in all CIS countries except Moldova. It opened its affiliates in Azerbaijan, Tajikistan and Uzbekistan and plans to enter market of Moldova in autumn of 2008.
