Russian funds for Serbian companies - VTB bank increases capital for EUR 7 m

(Photo: I.Vukša)

- The bank must become a leading bank for Russian companies in Serbia as well as to provide active support to companies exporting to the Russian Federation market and other markets where VTB Group is operating at – president of the Executive Board at VTB bank Beograd Markus Ferstl, says.

The bank is also planning to set up in the near future the department which will be in charge of , solely operations at the market of the Russian Federation as well as promotion of products related to funding trading affairs and factoring, it was stated in the announcement.

Markus Ferstl has been heading VTB bank Beograd as of May this year and he previously spent 12 years at leading positions within the Austrian financial group.