icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Troika Dialog to avoid major financial changes

Troika Dialog to avoid major financial changes
Troika Dialog, one of Russia's leading brokerage and investment banks, won't make any major decisions on listing, or selling a stake before next year's presidential elections.

The bank's President, Ruben Vardanian, said he's rejected an offer of up to $US 3 BLN. Mr Vardanian wants to develop Troika into Russia's first independent global bank with earnings topping $1 BLN, or five times its current level.

Credit Suisse, JP Morgan and Russia's VTB are reportedly interested in buying Troika. Analysts say without a foreign partner, the bank's growth strategy is too ambitious.