JSC VTB Bank (LSE:VTBR) is planning to sell all non-core assets received from Joint Stock Commercial Bank - Bank Of Moscow (Open Joint Stock Company) (MICEX:MMBM) until year-end 2014, but has no plans to divest assets in the real estate sector, the group's leader Andrei Kostin told RIA Novosti on the sidelines of the World Economic Forum in Davos. "I think that this year we'll wrap up the sale of all non-core assets that we obtained from the Bank of Moscow. As for non-core assets in the real estate and development sectors, they won't be sold in the short term," he specified.
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