I am pleased to inform all of you that VIB GmbH has decided to begin its international expansion in the year 2014. We have started with founding a representative office in Almaty, Republic of Kazakhstan, followed by the establishment of the subsidiary in Moscow, Russia. We intend to continue our regional expansion and will be keeping you informed in due course.
In order to reflect the internationalisation of our operations we have decided to change our trading name to VIB GmbH. This name confirms our origin as Vienna based company as well as our strategy to become a meaningful player in the Central and Eastern Europe and former Soviet Union. Please also note that our formal name VIB GmbH will not be affected by this change.