Russia's state-owned VTB Bank to expand China presence

Russia's state-owned VTB Bank to expand China presence

Clients of the Russian bank VTB gather at its head office to meet with the bank's representatives and demand to reimburse their investments, lost due to the recent western sanctions imposed on Russia, in Moscow, Russia July 22, 2022. REUTERS/Evgenia Novozhenina/ File Photo

Russia’s state-owned VTB Bank plans to expand its presence in China by opening offices in Beijing and other cities in the near future, the lender’s CEO Andrey Kostin said on Thursday at a meeting with a Russian governor.

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