Bulgarian official slams 2017 Eurovision Song Contest as politicizedWorld March 30, 13:35
Moscow considers Brexit UK’s internal affairRussian Politics & Diplomacy March 30, 13:28
Russia's Nobel laureate in physics Abrikosov passes awayScience & Space March 30, 13:18
Press review: Moscow wins $3 bln debt battle vs. Kiev and S.Ossetia seeks to join RussiaPress Review March 30, 13:00
First Russia-NATO Council meeting in 2017 begins in Brussels — sourceWorld March 30, 12:54
Hamburg ballet director gives heart and soul to stage Anna Karenina performanceSociety & Culture March 30, 12:44
Russian diplomat says humanitarian tensions over Mosul are white-hotRussian Politics & Diplomacy March 30, 12:34
Russian diplomat hopes Syrian groups will show readiness for compromiseRussian Politics & Diplomacy March 30, 12:32
Moscow concerned over deteriorating situation in eastern UkraineRussian Politics & Diplomacy March 30, 11:47
VLADIVOSTOK, September 1. /TASS/. The corporate and investment banking business of Russia’s largest savings bank, Sberbank, plans to place bonds in yuan in 2017 for clients and is currently in talks with several interested companies, the bank’s senior Vice President bank Igor Bulantsev told reporters.
"I think it will not happen this autumn. But next year it is very likely that the bank will start supporting corporate clients to place bonds in yuan. On the one hand we see a growing interest in the financing in RMB, but on the other hand it is a complex instrument," he said.
According to Bulantsev, Sberbank CIB is in preliminary talks with several interested companies.
Sberbank’s top manager also said that Sberbank CIB plans to participate as the organiser of such transactions for other companies.
Earlier TASS reported that Sberbank is developing cooperation with a number of Chinese banks, and will consider diversification of sources of liabilities in RMB, in particular for granting loans in RMB to Russian corporate borrowers.
In 2016, the bank launched pilot retail products in RMB, which are being tested in the Far East region.