VTB Bank has become the first Russian bank to be granted approval to operate on China’s national interbank bond market. Executives from the Bank received the licence at an official ceremony at the People’s Bank of China on 10 July 2015.
This license allows VTB Bank to trade on China’s domestic bond market, the third largest market globally in terms of issued debt securities. The
Herbert Moos, Deputy President and Chairman of VTB Bank Management Board, said: «This licence heralds a new stage in expanding VTB’s Chinese business, and underscores the bank’s leading positions and its recognition as a key Russian player in China. We continue to build the necessary platform to expand the potential of our clients. We have recently made considerable progress in many areas of financial cooperation with our Chinese partners.»