September 02, 2016 BY Mike Fox
VTB Group increases the number of RMB settlements by 70% in 1H 2016
With the developing relationship between China and Russia, it was announced today that leading Russian financial group - VTB Group (MCX:VTBR) is seeing considerable increase in the number of RMB operations. Specifically the bank saw 1H2016 vs. 1H2015 record an almost 70% increase in the number of RMB remittances processed, which accounted for more than 5,000 operations with the volume exceeding RMB 45bn.…
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