Andrey Kostin



Andrey L. Kostin (born September 21, 1956) is a Russian banker, currently President and Chairman of the Management Board of VTB Bank, Member of the Supervisory Council, Member of the Strategy and Corporate Governance Committee, and Chairman of the Board of Directors of several VTB subsidiaries, including Bank of Moscow and VTB 24, PhD in Economics. In 2007, VTB Supervisory Council extended Kostin’s term as President and Chairman of the Management Board until 2012. In April 2012, VTB Supervisory Council reappointed Kostin until 2017.Shares owned in the charter capital of VTB Bank – 0.00036%.

Kostin graduated with honors in 1979 from Moscow State University with a degree in International Economics (major: Teaching political economy). In 2001 received a PhD in Economics for a dissertation entitled "Globalisation: A Form of Internationalisation of the Economy".

He is one of the most active representatives of the Russian banking sector and is a frequent guest on CNBC, Fox News, CNN, BBC and Bloomberg TV-channel. He has three times participated in the Charlie Rose show on Bloomberg television, as well as the Hard Talk programme on BBC. He has been attending the World Economic Forum (Davos, Switzerland) since 1996.
 

The minority shareholder of Magnit was against the machinations of Alexander Vinokurov

Business●09.06.2018

Prosperity Capital Management called the acquisition of Magnitom pharmaceutical "SIA Group" from the structures of Alexander Vinokourov a risky and unnecessary transaction.

Bonum Capital on behalf of Dmitry Ananyev sells bank "Vozrozhdenie"

Business●08.06.2018

Previously, the Bonum fund, which is associated with Suleiman Kerimov, was called the most likely buyer of the bank "Vozrozhdenie", but what its role in the current deal is unclear.

"Magnet" can buy a pharmaceutical distributor from its shareholder Marathon Group

Business●07.06.2018

The son-in-law of Foreign Minister Sergey Lavrov, who bought a stake in Magnit from VTB for VTB's money, imposes a grocery network of an unnecessary pharmacy retailer.

Andrei Kostin again became a forced friend of Oleg Deripaska

Business●25.05.2018

VTB took shares of the En + Group group on the pledge of the Chinese CEFC.

Alexander Vinokurov bought shares of Magnit for 60 billion rubles from VTB

Business●24.05.2018

VTB Group sold 11.82% of Magnit's shares to Marathon Group, the son-in-law of Foreign Minister Sergei Lavrov, Alexander Vinokurov. As a result, VTB's share decreased to 17.28%. The amount of the transaction was at least 60 billion rubles.

Andrey Kostin again felt the attraction to the bank "Vozrozdeniye"

Business●23.05.2018

VTB "renewed interest" in the purchase of Bank Vozrozhdenie, said the head of the state bank Andrei Kostin. The main bidder for the purchase is the Bonum Capital fund, associated with Senator Suleiman Kerimov.

The head of VTB Andrei Kostin struck in the back of his friend Oleg Deripaska

Business●23.05.2018

The whole blame is American sanctions: the head of VTB said that he would not give his companies new loans "until the sanctions have been lifted."

Andrei Kostin invested more than 1 billion rubles in his mistress Naila Askerzade

Officials●22.05.2018

The estate in Zhukovka, VIP-apartment in the center of Moscow and a lot of cars - the total sum of gifts to the mistress of the head of VTB exceeds 1 billion rubles.

"Magnet" will send more than half of the profits to dividends

Business●18.05.2018

Taking into account the interim dividends for 2017, the shareholders of Magnit will receive 69.5% of last year's profit of the retailer.

VTB will again finance the purchase of shares of Rosneft by foreigners

Business●07.05.2018

The bank has already offered 5.1 billion euros to the Chinese CEFC, and now does not rule out a loan to the Qatar Investment Authority, which will collect almost 19% of Rosneft's shares.

Sogaz and VTB Insurance will create a giant of the Russian insurance market

Business●25.04.2018

In a number of market segments, the new company will become a monopolist.

The last US sanctions attack on Russia became the most sensitive

Business●10.04.2018

So far, the sanctions have not affected the business of Russian public companies.

Shares of Russian companies collapsed amid new sanctions

Business●09.04.2018

Shares of En + Group on the Moscow Stock Exchange fell by 16%, VTB shares - by 10%. Rusal shares on the Hong Kong stock exchange have lost 50%.

Oleg Deripaska lost in the price

Business●06.04.2018

The company Oleg Deripaska because of US sanctions fell on the stock exchange for Friday at 2.5 billion dollars.

The US imposed new sanctions against Russian oligarchs and officials

Governance●06.04.2018

The new list includes 26 people and 15 companies. Among them are Oleg Deripaska, Viktor Vekselberg, Suleiman Kerimov, Alexey Miller and Andrei Kostin.

German Gref drove the Russians into mortgage slavery

Business●21.03.2018

Mortgage debts of Russian citizens to Sberbank in March 2018 exceeded 3 trillion rubles, while in the past year they grew by 500 billion rubles. In total in Russia in 2017, mortgages were issued for 2 trillion rubles.

VTB will compete with Lakshmi Mittal for Essar Steel

Business●28.02.2018

The battle for the Essar Steel smelter between the Russian bank VTB and the world's largest metallurgical group Mittal Steel entered the hot phase.

The Chinese CEFC has no money to buy 14% in Rosneft

Business●22.02.2018

The completion of the transaction for the sale of 14.16% of Rosneft to the Chinese CEFC was postponed from the end of 2017 to the first half of 2018. The total volume

Why did Sergei Galitsky say goodbye to "Magnet"

Business●19.02.2018

The founder of the trading network exchanged it for 3 billion dollars.

Sergei Galitsky sold a 29% share in Magnit to VTB

Business●16.02.2018

VTB will acquire a 29% stake in Magnit for 138 billion rubles and become the largest shareholder of the retailer. Sergey Galitsky will leave the company.

VTB has allowed the NOC of the former president of Rosneft to not pay for the loan for two years

Business●31.01.2018

Such conditions as the company Eduard Khudainatov, are extremely rare.

VTB will finance the purchase of Chinese shares of Rosneft

Business●24.01.2018

The bank issued a loan to CEFC for 5 billion euros secured by the 14.16% stake in Rosneft it buys. It remains only to wait for the Chinese to return the documents they do not need and the billion-dollar deal will be closed.

"Mail Bank" included a vacuum cleaner

Business●23.01.2018

The bank, which is part of VTB Group, began to actively attract depositors' funds or in the language of market participants - "vacuuming the clearing". Postal bankers are uncritically called their clients "scum" and steal their money.

Andrei Kostin dug out the ax of war with the Central Bank of Russia

Business●29.11.2017

The head of VTB criticized the Central Bank: the creation of a system of banks, which runs the Central Bank, contradicts the logic.

Andrei Kostin knocked out German Gref from the Moscow subway

Business●27.11.2017

VTB will replace Sberbank's ATMs in the Moscow Metro with its own.

FBI follows the trail of banker Kostin

Officials●16.11.2017

What mistake did Andrei Kostin make by consolidating the business of the former USSR in the London office of VTB Capital.

Money investors Oleg Deripaska gave Andrei Kostin in debt

Business●13.11.2017

En + released UC Rusal from its pledge and significantly reduced the debt burden due to its IPO.

VTB is on the verge of a catastrophe with ruble liquidity

Business●11.11.2017

In the banks of the VTB group, the structural deficit of rubles is growing, which is covered by injections from the state.

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