OREANDA-NEWS. November 10, 2011. A press conference was held in the VTB Bank presenting the development strategy of the Bank of Moscow for 2011-2014 within the VTB Group. The strategy was presented by Mikhail Kuzovlev, President – Chairman of the Board of the Bank of Moscow, and Ekaterina Petelina, member of the Board of the VTB Bank.

The Bank’s development strategy was approved on 8 November 2011 at the meeting of the Managing Committee of VTB Bank.

The strategy defines that the Bank of Moscow will develop as an independent universal commercial bank within the VTB Group. Geographically, the priority zone for the Bank’s business development will be Moscow and the Moscow Region.

In its development the Bank of Moscow will focus on innovation and hi-tech products and services. One of the Bank’s priorities will be loans and services to small and medium size enterprises.