Russian lender looks to cater for Chinese corporate clientele

A leading Russian bank is looking to develop its business in China as part of the Belt and Road Initiative.

Otkritie FC Bank, which is the fourth largest lender in Russia, is planning to expand its wealth-management operation and financing products to cater for Chinese corporate clients.

"We are looking forward to cooperating with Chinese banks," said Evgeny Dankevich, chairman of the management board at Otkritie FC Bank.