Bank of Moscow
In early April 2011 Borodin and Lev Alaluyev sold their 20.32% stake in Bank of Moscow. Andrey Borodin sold his shares to Vitaly Yusufov, son of the former Russian Energy Minister Igor Yusufov. Vitaly Yusufov had borrowed US$1.1 billion from Bank of Moscow for this acquisition. Borodin was still in charge of the bank, when this decision was made.