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VTB and Euroclear Bank advance cooperation

28 February 2013

VTB Bank and Euroclear Bank S.A./N.v. have begun working together on rouble-based settlements, with Euroclear Bank opening a VTB rouble account. This is a testament to the high quality of VTB’s settlement services and its recognition as a leading provider of rouble clearing services in Russia.

VTB currently provides settlement services to more than 60 major world banks.

«Working with Euroclear Bank S.A./N.v. will help to further develop the bank’s clearing and deposit services and enhance VTB’s role on the Russian and international markets.»
Herbert Moos,
Deputy President and Chairman of VTB Bank Management Board

Euroclear is an integrated platform for settlements involving securities, cash and other financial instruments on the markets of Europe, Asia and America. In Russia, Euroclear settles securities transactions for Russian and foreign investors.

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