Kremlin says Egypt’s rumored sale of Mistrals for $1 is ‘utter nonsense’Russian Politics & Diplomacy October 21, 21:13
Source: Mi-8 helicopter with 22 people onboard makes crash landing in YamalSociety & Culture October 21, 20:15
Source says 'Gray money' tax may cover up to 5 mln RussiansBusiness & Economy October 21, 20:07
UN Human Rights Council passes resolution on AleppoWorld October 21, 19:52
Russian Justice Ministry refuses to transfer jailed filmmaker to UkraineRussian Politics & Diplomacy October 21, 19:44
Brussels says Belgium’s position on Hassadjek village bombing remains unchangedWorld October 21, 19:30
Rosneft CEO reveals real meaning of oil price war, outlines Russia’s role in itBusiness & Economy October 21, 19:11
New sanctions against Russia will be an alibi, not constraining factor — Italy’s PMWorld October 21, 19:05
Polish opposition accuses defense minister of manipulating public over 2010 Smolensk crashWorld October 21, 18:50
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.