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.
 

What does a woman want: wife of Andrei Kostin gets a private reservoir

Business02.07.2019

The mansion, standing on the lands of the wife of Andrei Kostin, is not on the cadastre.

Andrei Kostin advised Mikhail Zadornov not to wave his arms

Business10.06.2019

VTB and one of its largest shareholders, Otkritie Bank, have diverged in estimates of dividends for 2018. Zadornov believes that the bank could pay dividends above the calculations made. Kostin called the dividend issue "resolved."

Andrei Kostin did not climb the tower

Business27.05.2019

VTB denied information about participation in the negotiations on the construction of the Trump Tower skyscraper in Moscow. Earlier, the former partner of Donald Trump, Felix Sayter, who oversaw the project, claimed that he had enlisted the support of the “chairman” of the state bank.

Andrei Kostin settled in Evtushenkov’s rooms

Business08.05.2019

Sistema paid for its share in Intourist is 20 times cheaper than the initial price.

Gref Kostin fight because of the asset "Rossety"

Business01.05.2019

Uralelektrostroy continues to master Sberbank funds in bankruptcy proceedings. Andrei Kostin's subordinates require competitive production for a large construction company.

Andrei Kostin achieved the Streisand effect

Society07.04.2019

The attempt of the head of VTB to block Internet resources with information about his young mistress,  Nailya Askerzade, for whom an elderly state banker does not spare money, led to the Streisand effect. The attempt of censorship led to the fact that almost all users of Runet learned about the connection of Kostin and Askerzade.

Andrei Kostin presses the Russian Internet

Internet17.01.2019

VTB has acquired a controlling stake in Medialogia.

Gref loves Turkey, Costin - Cyprus

Business02.01.2019

Russian banks are holding abroad 182 billion dollars in the form of claims to foreign residents, RBC calculated on the basis of data from the Central Bank. Despite the crackdown in Cyprus, which affected Russian capital, a fifth of this money is there.

Andrei Kostin distributed loans to Cypriots

Business28.11.2018

VTB corrected reporting on the distribution of debts among borrowers from different countries. The debt assigned to the Central African Republic has been transferred to Cyprus. The debt of its residents to VTB exceeded 1 trillion rubles.

Andrey Kostin was kicked in Ukraine

Business28.11.2018

The National Bank of Ukraine introduced a temporary administration in the Ukrainian subsidiary of VTB.

Dmitry Medvedev promised to boycott the Davos forum

Governance14.11.2018

Officials and businessmen will ignore the forum if the organizers refuse to invite Deripaska, Vekselberg and Kostin.

Andrei Kostin financed the privatization of a stake in Rosneft by Igor Sechin

Business10.11.2018

The “breakthrough” of Putin’s business into the open world turned out to be an interlude, as a result of which the state-owned VTB Bank acquired shares of the toxic Sechin Rosneft.

Deripaska, Vekselberg and Kostin will not be able to participate in the Davos forum

Business07.11.2018

According to FT, according to FT, they demand not to invite fallen under sanctions of the Russians.

VTB paid for the troubled bank "Vozrozdeniye" 9.7 billion rubles

Business02.11.2018

Experts have calculated how much the state bank cost 85% of the stake in Vozrozhdenie, bought from the burnt out bankster Dmitry Ananyev.

Andrei Kostin will eat Ziyavudin Magomedov’s grain

Business29.10.2018

The redistribution of the business empire of the sidelists of the Magomedov brothers continues. VTB intends to crush the United Grain Company (OZK). The Summa group has already allowed informational drain.

German Gref and Andrei Kostin will fly on one wing

Business18.10.2018

Sberbank and VTB will create an airline for regional transportation.

VTB will eat Sarovbusinessbank

Business11.10.2018

Andrei Kostin’s Bank proceeded to takeover of regional Russian banks.

Nailya Askerzade received a gift from Andrei Kostin

Society05.10.2018

Glamor TV presenter, who is the mistress of the state banker number 2 in the Russian Federation, became the owner of the award "TEFI".

The government will save Russia from dollars

Governance03.10.2018

After one or two weeks, Prime Minister Dmitry Medvedev will approve the plan of the head of VTB Andrei Kostin to de-dollarize the Russian economy.

From the Andrei Kostin leaves the chair of the head of VTB

Business25.09.2018

In the financial institutions, a battle began between the alliance of Igor Sechin and Andrei Kostin with German Gref and Elvira Nabiullina. Kostin already made the first move and could become the first victim in this war.

State Banker Andrei Kostin will flood "Dynamo" with money

Business15.09.2018

VTB concluded an advertising contract with its daughter company UK "Dynamo" for 4 years at 2.4 billion rubles. For the Russian market this is a record amount. "Daughter" VTB is a developer of new sports facilities worth $ 1.5 billion.

Andrey Kostin will take a ride on the London roller coaster

Business17.08.2018

VTB does not manage to proceed with the purchase of Vozrozhdenie Bank. The High Court of London again arrested the bank's shares on the suit of the creditors of its owners, the Ananiev brothers.

Andrey Kostin will buy a troubled bank Vozrozhdeniye

Business14.08.2018

VTB reached an agreement in principle with Bonum Capital on the key terms of the acquisition of Bank Vozrozhdenie.

Oleg Deripaska will lose control over En+ Group

Business13.08.2018

According to FT, the businessman is ready to reduce the stake in the group to 45% in favor of VTB.

VTB replaced Ziyavudin Magomedov in the list of shareholders of Novorossiysk combine of bread products

Business10.08.2018

The State Bank received 22.25% of the company's shares, which were pledged under the loan.

London gave VTB good to buy the Bank Vozrozhdeniye

Business07.08.2018

The assets of the Ananiev brothers in the UK are taken out of custody.

VTB Bank requires AnAn Group to pay extra for the pledge

Business31.07.2018

Procrediting a repo transaction during the IPO En + Group of Oleg Deripaska, VTB Bank requires the Singaporean company AnAn Group $ 170.4 million. Most likely, the bank will receive only a hole from a bagel: the Singapore company belongs to the Chinese CEFC, which did not override the stake in Rosneft and was bankrupt.

"Magnet" sent a deal to buy the SIA Group for revision

Business26.07.2018

The company's board of directors softly objected to the acquisition of doubtful assets from Sergei Lavrov's brother-in-law Alexander Vinokurov, who became a shareholder of the retailer this year.