The FINANCIAL - VTB Bank signs cooperation agreement with China Merchants Bank

VTB Bank signs cooperation agreement with China Merchants Bank

06/12/2012 03:44 (169 Day 12:43 minutes ago)

The FINANCIAL -- On December 6, 2012, during a working visit of VTB Bank President and Chairman of the Management Board Andrey Kostin to China, a cooperation framework agreement between VTB and China Merchants Bank was signed.

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As VTB Bank announced, under the agreement the two parties plan to enhance mutually beneficial cooperation and facilitate the development of bilateral trade and investment solutions between Russia and the People’s Republic of China. It is also aimed at expanding cooperation in ruble & RMB account exchange, further development of Investment banking partnership, interbank lending cooperation and trade finance operations.

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