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Buildout: VTB’s new headquarters in Moscow reach for the sky, but its banking ambitions remain grounded |
SOMETIMES LIFE CAN be cruel. When you’re hot you’re hot, when you’re not you’re not. Certainly VTB, Russia’s number two banking player, knows all about that feeling. In May 2007, it was unmistakeably hot, raising an $8 billion-strong war chest through an initial public offering that tapped into bull market sentiment towards Russia and its banking sector at home and abroad.
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