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VTB does not exclude the possibility of leaving the London Stock Exchange and is considering listing on Chinese sites
VTB OJSC is interested in the Shanghai Stock Exchange, said Andrey Kostin, head of the second largest Russian bank.
Earlier on Monday, Kostin told reporters that VTB does not exclude the possibility of leaving the London Stock Exchange and is considering listing on Chinese sites.
"VTB is the only Russian bank that already functions as a full-fledged branch in Shanghai. And we carry out operations here both in rubles and in yuan. Therefore, we intend to continue this work, and we are well positioned to carry out work in national currencies But China is really a big exporter of capital today, and not only Hong Kong ... "- said Kostin.
“We are also interested in other exchanges (besides Hong Kong - ed.), In particular, in the Shanghai Stock Exchange, today it practically does not work for foreign companies, including Russian ones, but it could potentially be of great interest to us, because the volumes of liquidity and demand there are quite significant. I think that in the future this may also become interesting for Russian investors, "he said.
Kostin also said that the bank is negotiating debt financing, including investment projects in Russia, "including mainly, taking into account all the circumstances prevailing in world politics and the economy ... in national currencies."
He noted that there is "significant progress" on this issue. "We hope that in the near future we will see investments that will be made in Russia with the help of banks of the two countries in national currencies," Kostin said.