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VTB bank begins to take deposits in yuan

October 07, 2011, 2:34 UTC+3
The VTB 24 Bank, the retail branch of the state-run VTB bank, will begin to take deposits in Chinese yuan from Monday, VTB head Andrei Kostin said on Thursday
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MOSCOW, October 7 (Itar-Tass) —— The VTB 24 Bank, the retail branch of the state-run VTB bank, will begin to take deposits in Chinese yuan from Monday, VTB head Andrei Kostin said on Thursday.

“We are beginning to take deposits in yuan from Monday,” he told the Russia Calling Investment Forum.

VTB 24 press service said the bank is already taking deposits in yuan, but the minimal amount should be equivalent to half a million US dollars.

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