VTB eyes return to IPO-level share prices in 2012
MOSCOW. Dec 28 (Interfax) - VTB is looking to reach the price level for its shares in 2012 that obtained during its IPO in 2007, VTB President and CEO Andrei Kostin said during a working visit to the bank's new offices by Russian Prime Minister Vladimir Putin.
"We will achieve the 2007 level in 2012," Kostin said. The share-price then was 13.6 kopecks per, it dropped to 2 kopecks during the financial crisis, and has rebounded to 10 kopecks. The bank is targeting 15 kopecks per share by 2015, he said.