andrei kostin is here. he is the carol and president of vtb bank. is russia's second largest bank. the russian state owns 75.5% of the company. inecent year vtb has mod into retail and investment banking. kostin is here in new york for the opening of the new york branch of vtb capital, the firm's investment banking arm. i have pleased to have him here and have him back at this table. welcome. it's good to have you here because we're all interested in the globally and and we're looking at europe and at what could go wrong in terms of commodity prices, especially oil. so give us your own sense of how you look and how you assess where we are in the global economy from both the developed countries as well as emerging markets. markets. >> well, if you look at emerging markets, we feel it's still produced quite a steady growth. we expect that russia maybe will not have the highest g.d.p. growth this year, but still doing between 3.5 and 4% g.d.p. growth. of course, america, it seems that the american economy have mixed feeling about. but sill probly bette