ABC links up with Promsvyazbank

08:50, February 17, 2011      

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Agricultural Bank of China Ltd (ABC) and OAO Promsvyazbank, Russia's third-largest non-state lender, have signed an accord to conduct operations in Chinese yuan.

The agreement is part of Russia's efforts to boost economic ties with China, Promsvyazbank President Artem Konstandian said in a statement on Wednesday.

Source:China Daily
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