VTB was founded in St. Petersburg in 1990 and is now the second biggest bank of the Russian Federation in terms of volume of assets.
Vasily Titov, Chairman of VTB Bank, called removal of sanctions an opportunity for the revival of consolidated relations with the Iranian banking system, especially the Melli Bank.
He said in the post-sanction era his bank is ready for close cooperation at the highest level with Melli Bank.
In this meeting Abdolnasser Hemmati, Managing Director of the Melli Bank of Iran, said big banks in both the countries should take advantage of the opportunity that has been provided for the expansion of joint economic and banking activities.
He said development and strengthening of bilateral banking relations plays a key and effective role in realization of economic and trade targets of the two countries.
Hemmati noted that the Melli Bank has long paid special attention to the importance of banking relations with Russia and on this basis has established Mir Business Bank in Moscow in playing its strategic role in bilateral banking interaction.