VTB plans to cut workers, leading operations on the trade capital markets, because of the closure of markets for Russian buyers, told reporters the head of VTB Andrey Kostin on the sidelines of the autumn session of the IMF.

" There are problems with the capital market, for this reason, operations such as IPO placement of shares and bonds on the international markets collapsed in practice, for this reason, of course, We had to go on reducing it, " he said.

at the same time, VTB wants to hire additional people to other business areas, such as surveillance operations." When the crisis reduce the number of people that make loans, but increase those who collect bad debts. For this reason, I would have said that a linear reduction will not. Of course, podocytes our structure in London, in Western Europe, but it will be insignificant. Only those operations that are not in demand today, " said the head of VTB.

This Kostin said that the " core " of the departments responsible for capital markets, will be saved." We believe that the situation will unfold in a year or two, and citizens who are doing it, form the basis of our Bank and they will be in demand, " he added.

Speaking on the preliminary financial results of the Bank for the year of 2014, Kostin said that this year is not the year profit and year of inventory.

" We the maximum inventory today take different positions as associated with Ukraine and related to Russian problems. We, for example, not afraid In the current year to take inventory " Mechel ", in other situations. We will continue to do so. We do not plan high profits of the current year, but We expect that in the coming year we will have a healthy balance in order to show a good result in the future, " he concluded.

sections: Politics