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Publish Date : 10-Dec-2012

A cooperation framework agreement is signed between VTB and China Merchants Bank.

Mutually beneficial cooperation will be enhanced by the agreement and and facilitate the development of bilateral trade and investment solutions between Russia and the People\'s Republic of China.

Expanding cooperation in ruble & RMB account exchange, is also the aim of the it along with further development of Investment banking partnership, interbank lending cooperation and trade finance operations.

Andrey Kostin said: \"I believe that our agreement will not only be a big step towards strengthening cooperation between the two banks, but will become a driver for the expanding partnership between the two countries. China has traditionally been a reliable partner of Russia and it is an honor for VTB to have an opportunity to support that cooperation with active involvement of our branch in Shanghai.\"

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