Russian sappers demine in recaptured Aleppo districts more than 24 hectaresMilitary & Defense December 11, 15:09
Explosion in Cairo’s cathedral complex leaves 25 killed, 50 injured - televisionWorld December 11, 15:06
Putin offer condolences to Erdogan after Istanbul terrorist attackRussian Politics & Diplomacy December 11, 15:04
Putin offers condolences to Nigeria’s leader following terrorist attack in MadagaliRussian Politics & Diplomacy December 11, 15:03
Erdogan cancels visit to Kazakhstan due to Istanbul terrorist attack - newspaperWorld December 11, 11:15
The deal of buying Rosneft's 19.5% stock is outside sanctions - sourceBusiness & Economy December 11, 11:12
Syrian military supported by the Russian aircraft repel IS attacks near PalmyraWorld December 11, 11:10
Five people die in fire in Tatarstan-emergencies ministrySociety & Culture December 11, 11:04
Turkey declares one day of national mourning over Istanbul terrorist attackWorld December 11, 7:10
MOSCOW, May 20. /ITAR-TASS/. Russian commercial bank VTB and Bank of China have signed a memo on cooperation, in particular, about payments in national currencies, the VTB’s press release says.
The sides are going to develop partnership in different fields of interbanking cooperation, including investment banking, interbank lending, trade financing and capital market transactions.
The memo was signed by the VTB’s First Deputy President Vasily Titov and Bank of China’s President Chen Siqing in the presence of Russian and Chinese Presidents Vladimir Putin and Xi Jinping.
The VTB Group is Russia’s second largest bank group comprised of more than 30 banks and financial companies in more than 20 countries. The government has a 60.9% stake in the VTB capital. VTB stocks are traded on the Moscow and London Stock Exchanges.
The VTB’s total assets as of December 31, 2013 totalled 8.8 trillion rubles ($254 billion). Its net profit according to the International Financial Reporting Standards (IFRS) increased 10.9% to 100.5 billion rubles ($2.9 billion).