OREANDA-NEWS. January 30, 2015. VTB has been named as the top Russian bank by volume of yuan-denominated transactions last year and the only Russian bank in the top 100 by the China Foreign Exchange Trade System (CFETS).  

The Bank’s Shanghai branch completed more than RMB 35 billion (RUB 315 billion or about USD 5.6 billion) of transactions in 2014, placing it 70th on the list of all traders, including Chinese banks. VTB dealers have also awarded Distinguished Dealer titles.

VTB became a market-maker for yuan/ruble trading in Shanghai in November 2010 and a major player on the Chinese market for ruble-denominated transactions. In 2012, CFETS named VTB as the fastest-growing trader, and has ranked it first by number and volume of yuan/ruble transactions for three years. The Shanghai branch completed 2,140 transactions worth a total of 8.6 billion yuan in three years.