16 Feb '11, 1pm

Russian bank mulls HK office - Channel News Asia

Russian bank mulls HK office - Channel News Asia

SINGAPORE: Asia's growing investment market has spurred Russian bank VTB Capital to consider opening a new office in Hong Kong as part of its expansion plans in Asia. The bank has made inroads in the Asian market since its inception in 2008. Overall, it has closed some 130 equity and bond deals globally and brought in around US$55 billion worth of investments into Russia. More Asian investors are recognising Russia's growing economy as an attractive option for diversification. The country's strong GDP, increasing forex reserves and abundant natural resources are making it attractive for Asian investors. VTB Capital, the investment arm of Russia's VTB Group, said this trend is expected to continue. VTB Capital's Global head of Debt Capital Markets Andrey Solovyev said: "In debt capital market issues, I can say that in high profile transactions, such as Russia sovereign, Rus...

Full article: http://www.channelnewsasia.com/stories/corporatenews/view...

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youngupstarts.com 14 Feb '11, 2pm

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