VTB Bank took the decision on transfer of European headquarters from London to other European capital due to Brexit, RNS informs quoting Financial Times and, particularly, the statement of Bank Vice-President Herbert Moos.
“We had big plans for London office, however after Brexit we rolled them back and will realize them in some other place, Moos said. – The Management Board will decide where exactly by the end of year.”
The Bank considers several cities for placement of the central European office, among them are Frankfurt-am-Main, Paris and Vienna.
According to Financial Times, VTB became the first large bank, which publicly declared about transfer from London amid the UK decision to withdraw from EU.
The Brexit referendum took place on June 23. More than a half of British voters voted for Brexit. UK Prime Minister Theresa May reported that the official negotiations on Brexit will start not earlier than 2017, however, according to her, the process will not be delayed.
