--- title: VTB Increases Its Trade and Export Finance Activity in China description: VTB Increases Its Trade and Export Finance Activity in China --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/vtb-increases-trade-export-finance-activity-china#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Press Release](https://articles.marketsmedia.com/tag/press-releases) - Press Release - VTB Increases Its Trade and Export Finance Activity in China Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/vtb-increases-trade-export-finance-activity-china#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 09.01.2016 By John D'Antona Press Release # VTB Increases Its Trade and Export Finance Activity in China 09.01.2016 By John D'Antona [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/vtb-increases-trade-export-finance-activity-china) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/vtb-increases-trade-export-finance-activity-china) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/vtb-increases-trade-export-finance-activity-china) VTB – In the first half of 2016 VTB carried out TEF transactions in more than 30 countries, with a large amount of deals linked to Sino-Russian trade. The key factors were the widening partnership with Russia’s export credit agency (EXIAR) and the need for financing China-related trade. In 2015 VTB in cooperation with Chinese banks arranged trade transactions totaling to RUB160 bn (over USD 2.4bn) and signed an agreement with Chinese export credit agency Sinosure in the amount of USD 2.0bn aimed to facilitate Sinosure-covered trades.  A key direction in China-related business has been wide-ranging collaboration with the ECAs to provide solutions for producers, exporters and importers of Russian and Chinese goods and services and to use the unique advantage of VTB Shanghai which is the only Russian bank in China with fully operational banking license. VTB Shanghai can also provide conventional trade finance instruments such as the issuance of guarantees and letters of credits’ discounting and serves as a market maker in RUB/CNY currency instruments. As of year-end 2015, VTB’s TEF transaction volume stood at over RUB 250bn (USD 3.8bn) and spread across 55 countries. The volume of new business undertaken by VTB since 2013 has exceeded RUB 600bn (USD 9.0bn), while Russian trade turnover has been decreasing for the last 2 years. VTB Bank has been repeatedly ranked best bank for trade finance by major international media outlets, including: ·       Best Bank in Russia 2016, by Global Finance ·       Best Bank in Russia and the CIS 2016, by Trade & Forfaiting Review ·       Best Bank in Russia and the CIS 2015, by Global Trade Review. [Yuri Soloviev](http://www.vtb.com/group/management/guide/Soloviev/), First Deputy President and Chairman of VTB bank Management Board, said: “We have managed to successfully grow our trade and export finance portfolio, building it out beyond traditional trade flows such as trade with the European Union and CIS countries. Within the last three years our trade and export finance portfolio has increased seven times, spanning a range of different industries, including transport, infrastructure, metals and mining, oil and gas, energy and retail.”    [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/vtb-increases-trade-export-finance-activity-china) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/vtb-increases-trade-export-finance-activity-china) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/vtb-increases-trade-export-finance-activity-china) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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