ITAR-TASS News Agency
TASS
March 4, 2005 Friday

Russia’s Vneshtorgbank to open its filial in Ukraine

LIPETSK

Russia’s Vneshtorgbank will open its branch bank in Ukraine in March,
Vneshtorgbank President and Board Chairman Andrei Kostin told
journalists,

The bank seeks to expand its activities in countries of the former
Soviet Union. In particular, the bank is planning to buy a bank in
Moldova and has been looking for opportunities in Kazakhstan, Prime
Tass reported.

Recently, Vneshtorgbank bought a controlling block of shares of the
United Bank of Georgia, and last year- a controlling block of the
Savings Bank of Armenia.