VTB Bank (Azerbaijan) Offers Customers Service in Chinese Yuan

VTB Bank (Azerbaijan) offers customers cash management services in the Chinese currency - the yuan.

As the bank's press service said, customers can open accounts and make transfers in the yuan. No commission is taken for the opening and management of an account.

Operations on money transfers in the yuan are made only in non-cash form. For the transfer of funds the bank receives from customers not the yuan, but AZN, RUR and freely convertible currency and translates them into the Chinese currency.

Transfer fee to an account in another bank, as well as within VTB Group is 0.5% of the transfer amount (min. 100 max. 500 yuan). Urgent transfer costs 200 yuan.

Note that VTB (Azerbaijan) is a part of a leading Russian financial group, which also has a bank in China. This allows you to make money transfers in a short term.

"The interest of Azerbaijani businessmen in the Chinese market is growing. Therefore, we strive to offer the most convenient and favorable conditions for cash management services. Today, VTB (Azerbaijan) is the only bank in the country, offering services in the Chinese yuan," said Chairman of the Board of VTB Bank (Azerbaijan) Yuri Yakovlev.

In addition to the Chinese yuan in Bank VTB (Azerbaijan) cash management services are available in rubles, dollars, euros and pounds sterling.   -----08D