Russia's second largest bank, state-controlled VTB, hopes to acquire a controlling stake or even 100% of Bank of Moscow no later than the first half of 2011, VTB head Andrei Kostin said on Wednesday.
"We are not concealing the fact that we are interested in acquiring Bank of Moscow's controlling stake or 100% of shares. We hope that we can do it no later than the first half of next year. Our capital is currently in surplus and we want to use it more efficiently," Kostin told Gazeta.ru in an on-line interview. RIA Novosti
