VTB: business by a third increased the turnover of payments to China
In the first nine months of 2026, VTB’s customers increased their payments to China by 30% compared to the same period last year.
Against the background of high demand for settlements with China, the bank extended until the end of 2026 the opportunity to connect preferential conditions to reduce costs in trade with China.
The Chinese Fast and Furious offer allows direct payments with a commission of 0.2% and a transfer period of 8 minutes, as well as buying yuan at a special rate. Preferential conditions will be valid until April 15, 2027.
Our task is to help companies organize trade with partners from China as seamlessly as possible. Therefore, VTB offers not only a minimum commission for direct payments and record-breaking terms for transferring funds, but also full support for foreign economic activities with support at each stage of the transaction. This helps our customers to confidently develop business with China, said Yulia Kopytova, Head of the Analysis, Coordination and Product Development Department, VTB Senior Vice President.
Thanks to its work in the Chinese market for 18 years, VTB provides clients with high expertise in transaction support, direct and secure settlements with the ability to control funds up to the transfer to the counterparty, opening accounts with partners from China, as well as end-to-end services in Russian, English and Chinese on the Russian and Chinese sides.
Customers can access a digital ecosystem of products and services 24/7 for any stage of a foreign trade transaction: from finding and verifying a partner in China, supporting negotiations and expertizing the contract, to placing deposits in yuan and protecting against currency risk.
