GUTA Bank is planning to invest about $100m in the program of retail business by 2010, GUTA Bank Vice President Denis Konstantinov declared at a news conference today. According to him, the bank will increase the number of its outlets to 250 in ten years, against 70 currently.
Konstantinov noted that the bank was planning to increase its share on the Russian retail bank market to 3 percent in five years. Currently this share is ten times less, he admitted.
The bank also expects to raise its capitalization to about $700m to $800m in ten years. The current volume of the bank's retail business (individual deposits and credit cards) amounts to $120m, against $30m at the beginning of 2002, Konstantinov noted.
The Investigative Committee of the Russian Federation put the head of the contractor company of Russia's space corporation Roskosmos, Sergei Slastikhin, on international wanted list
"Washington operators of the sanctions machine ought to get acquainted with the history of Russia, to stop the unnecessary fussing," spokesperson for the Foreign Ministry said