Vneshekonombank's head comments on shifting commercial business from bank

We are planning to shift priorities in Vneshekonombank's activities, ratherthan restructure it, head of Vneshekonombank Vladimir Chernukhin reportedin an interview with journalists in Shanghai today, while commenting oninformation about passing commercial business of Vneshekonombank toVneshtorgbank. According to him, Vneshekonombank serves as a governmentagent, which requires the implementation of several bank functions fromit.At the same time, Chernukhin remarked that "Vneshekonombank is not going totake any additional measures to stimulate its commercial business." Theprocess of shifting priorities will be followed by reinforcement of severalof the bank's divisions. "At the same time, we are not going to ask ourclients to leave the bank," Chernukhin said..

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