VTB bets big on digital

VTB has long lagged state-owned rival Sberbank in terms of profitability, but with sanctions limiting access to capital the pressure is on to close the gap – chairman Andrey Kostin explains why digital transformation and aggressive retail growth hold the key to success for Russia’s second-largest lender.

Turkey’s risk score still sliding

Contributors to Euromoney’s country risk survey are even more negative on the sovereign’s outlook, just as Erdogan’s comments on Syria have weakened the lira.