Executive says VTB undecided on sale of Angolan subsidiary

MOSCOW, Aug 8 (PRIME) -- Russia’s second biggest lender VTB has not decided whether to sell its stake in VTB Africa (Angola), First Deputy Chairman Dmitry Olyunin said at a conference call on Thursday.

“We indeed have a bank in Africa, we are indeed thinking how to use the asset as efficiently as we can. No decision has been made,” Olyunin said.

VTB said in May that it was considering selling the subsidiary.

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