Andrey Kostin

business

Andrey Kostin is the Chairman of the Board and President of VTB Bank, a major state-controlled Russian financial institution. He has publicly discussed the bank's financial performance, forecasting a record clean profit exceeding 600 billion rubles by 2026 and aiming to raise dividend payouts to 50% of net profit between 2027 and 2029. Kostin also confirmed VTB's strategic partnership with Wildberries, mentioned plans for potential expansion into Iran if regional stability improves, and emphasized the need for focused investment in key industrial projects rather than broad pursuit of economic…

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