During his visit to Russia, the government delegation of Ukraine on 18 January, the Minister of Finance of Ukraine Fedor Yaroshenko and Chairman and CEO Andrei Kostin, VTB signed a Letter of Intent between the Ministry of Finance and the Bank VTB. By signing this document, the parties expressed their intention on the implementation of general measures aimed at providing loans to the real economy. To implement these intentions, VTB Bank and the Ministry of Finance of Ukraine considered it necessary to define the list of priorities for lending and financial resources to implement a number of projects, constantly exchange information, conduct joint discussions on issues of mutual concern in the implementation of projects. The protocol is valid for an indefinite period. Head of VTB Andrey Kostin said: "The signing of this document is an important step in the implementation of the strategy of VTB in 2010-2013, according to which business development in Ukraine - a key priority of the CIS countries. VTB operates in this country since 2005 and will continue to build its presence. In particular, the end of 2013, VTB Bank Ukraine plans to significantly increase its market share in both retail and investment in the segment. "
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