A top director at Russia’s VTB Group expects foreign investment banks to turn their attention back to Russia, increasing competition after a period during which his firm has found it easy to gain market share.

Speaking to Financial News as VTB announced its results for 2015 on March 17, Herbert Moos, deputy president and chairman of the VTB Bank management board, said it had not been "a simple year" for the group's investment banking business, VTB Capital.