Nowadays, some Medias reported that VTB Bank (PJSC) would launch RMB deposit business and the highest interest would be 8%. After clarification with head office, please note that this business will only be provided to individuals within the territory of Russia Federation.

As the branch of VTB Bank (PJSC) in People’s Republic of China, we don’t provide banking business to individual client. All of our businesses (including deposit) are strictly follow applicable laws, regulations, and regulatory requirements of People’s Republic of China and Federation of Russia. Meanwhile, we would like to use this opportunity to draw your attention to be cautious with any information, which might be utilized by criminals for financial crimes. 

VTB Bank (PJSC) Shanghai Branch

Mar 10^th, 2022