KIEV, Oct. 5 – Russia's VTB Bank is planning to sell Kiev-based BM Bank, which the bank owns through Russia's Bank of Moscow, Andrei Kostin, president and chairman of VTB Bank, said in an interview with Kommersant newspaper.

"We want to focus operation of Bank of Moscow mainly on Moscow city and Moscow region and around ten other regions, where the bank has strong positions. We remove the foreign chain and other regions from the bank's management, where the bank's share is small. We'll sell superfluous assets, for example, in Belarus and Ukraine," he said.