Q&A: How VTB is increasingly looking to Asia

VTB executive Riccardo Orcel tells FinanceAsia about the bank's growing Chinese interests.

With the Russian economy stymied by the West’s sanctions the operating conditions for state-controlled lender VTB Group are hardly ideal.

And yet profits are surging at Russia's second-largest bank.

Riccardo Orcel, deputy chief executive of VTB Group and head of VTB International, tells FinanceAsia how Russia’s second-biggest bank by assets is scouting for business opportunities in China where it is expanding its footprint.

Although still a long way short of the volumes achieved in 2016, outbound Asian mergers and acquisitions in Russia totalled almost $1.8 billion in 2018, Dealogic data shows.

VTB Group's investment banking arm VTB Capital climbed...
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