Russian VTB Bank Moves European Headquarters from Vienna to Frankfurt

Yesterday 10:00 · Markets - Investing in Austria
According to Chairman Andrei Kostin, VTB Bank - the second largest universal bank of Russia - is moving its European headquarters from Vienna to Frankfurt. "I intend to restructure the European holding company and to move the headquarters from Vienna to Frankfurt." he told the German daily Handelsblatt. "I love Vienna, where there is a great opera, the banking supervision there is okay, but Frankfurt is the banking capital of Europe," Kostin justifies his withdrawal from Vienna.

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