As part of the expansion of economic cooperation between Russia and China signed an agreement with VTB Bank «Export-Import Bank of China» agreement on the financing of foreign trade operations of its clients, informs «Pacific Russia».

First Deputy President — Chairman of the Board Vasily Titov said: «We are delighted to advancing the relationship with our Chinese partners, and we plan to actively contribute to the growth of Sino-Russian trade. The Bank prepared the necessary infrastructure to offer clients a wide range of products in RMB. The presence of the Chinese market expertise and experience of a branch in Shanghai in 2008, VTB Bank provides additional benefits to maintain export-import operations between Russia and China».

«Export-Import Bank of China» (The Export-Import Bank of China / China Exim Bank) was founded in 1994 and owned by the government of the PRC. Task-based bank is to support the import and export trade and international economic cooperation in China.

The bank currently has more than ten branches and representative offices in China (presented by the provinces), as well as three overseas representative offices in Johannesburg, Paris and St. Petersburg.