What's new

Russia's VTB Bank signs cooperation agreement with Bank of China

Raphael

SENIOR MEMBER
Mar 1, 2012
3,310
5
9,760
Country
China
Location
China
VTB Bank signs cooperation agreement with Bank of China

VTB Bank and Bank of China today signed an Agreement on Cooperation in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping.

The agreement was signed by First Deputy President and Chairman of VTB Bank Management Board Vasily Titov and Bank of China President Chen Siqing.

Under the agreement, the banks plan to develop their partnership in a number of areas, including cooperation on ruble and renminbi settlements, investment banking, inter-bank lending, trade finance and capital-markets transactions.

Vasily Titov said :”The signing of the agreement underscores VTB Group’s ongoing drive to grow its business in Asia, and will help facilitate the development of bilateral trade and economic relations between Russia and China, which have always been reliable partners.”
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)

Similar threads

Top