VTB Group will focus less on corporate loans and more on retail lending and investment banking, chief executive Andrei Kostin said, The Wall Street Journal reported Wednesday.
The shift is part of Kostin’s “road to 15” plan to boost VTB’s return on equity, a measure of profitability, to more than 15 percent and to more than double its share price to 15 kopeks by 2013, the newspaper reported.
VTB’s supervisory board approved the plan Wednesday.
(Bloomberg)
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