VTB to close its banking business in Africa

VTB has decided to close its subsidiary Banco VTB Africa S.A. in Angola, said the head of the bank Andrei Kostin. This is a voluntary and compulsory surrender of the license - we have everything frozen there, he noted. Banco VTB Africa S. A. was opened in March 2007. Credit organization was supposed to focus on servicing Russian business in Africa. First of all, it was about the company Alrosa and enterprises engaged in uranium and gold mining on the continent.