VTB Bank successfully implements treasury management system for RosTek

1 min read

The FINANCIAL — VTB Bank has successfully implemented a Centralized Treasury Management System for RosTek, according to VTB Bank.RosTek will be able to instantly receive information on the state of its accounts, as well as accounts of its subsidiaries, and remotely manage these accounts via electronic channels offered by VTB.

 

The system has also been designed to establish the efficient cash and account balance management for the client and its diversified branch network. It will enable RosTek to control its external and internal cash flows and achieve a decent level of return on cash balances.

Gurinder Nihal, Head of transaction banking business at VTB, says: “At the moment VTB and RosTek are expanding cooperation to liquidity management products adding value to the implemented Treasury Solution for the client. VTB strives to continue providing innovative solutions for clients aimed at improving the efficiency of their working capital.”

Cooperation between RosTek and VTB has been dynamically growing since July 2008 from basic cash management services to sophisticated solutions which have just been set up.

 

 

See also  Credit Suisse rejects $515 million claim linked to fraudulent adviser

Leave a Reply