VTB Banka Beograd sold – New owner Serbian company owned by Russian Andrey Shlyakhovoy

VTB Banka a.d. Beograd has a new owner, and as they announced, following the successful takeover of 100% of the ownership of VTB Bank in Serbia, the owner is a Serbian company whose sole founder is the Russian investor and banker Andrey Shlyakhovoy.

The transaction was carried out with full consent by the National Bank of Serbia.

Andrey Shlyakhovoy has a PhD in economics and over thirty years of experience in banking. He had founded his own bank which was later sold and merged with a larger banking system. He has also led the process of acquisition and development of other banks in the territory of the Russian Federation.

Shlyakhovoy has received numerous state acknowledgments in Russia, including the title of the Honorary Economist of the Russian Federation, given by the Russian president.

As pointed out in the press release, for this investor, the takeover of VTB Banka a.d. Beograd is the first step in the Serbian market, which he sees as a market with considerable growth potential, not just regarding the continuation and expansion of the bank's current business, but also regarding the development and the offer of new products based on innovative financial technologies (FinTech).

The bank has been operating in the Serbian market since 2008, has a total of 72 employees and owns two branch offices (in Belgrade and Novi Sad). In the first six months of 2018, VTB Banka a.d. Beograd realized a profit of RSD 60.5 million, whereas the bank's total assets currently amount to RSD 13,401.3 million, it is added.

Api bank ad Beograd

Narodna banka Srbije Beograd

sale of VTB Banka

Andrey Shlyakhovoy

NBS

banking market in Serbia