China Construction Bank is one of the largest banks in China and the world. It is one of the "Big Four" of the largest state-owned banks in China.
China Construction Bank and Agricultural Bank of China (AgBank) reported total assets at their Moscow subsidiaries jumped 3.3 times and 1.4 times, respectively, in 2022, while Russia was put under harsh western sanctions.
Russian companies openned accounts with the bank; decline to comment. Later, the largest Chinese state banks - Bank of China, ICBC, China Construction Bank - refuse to accept payments from banks from the Russian Federation that have come under sanctions. Two more structures of Chinese banks operate in Russia: the Russian China Construction Bank owned by China Construction Bank (assets of 20.5 billion rubles at the beginning of 2022), and China Agricultural Bank (11.8 billion rubles), the owner of which is Agricultural Bank of China. According to the financial indicators of China Construction Bank, its assets have tripled over the past year, to 60.6 billion rubles.
|September 04, 2023||FT: China’s share in the Russian banking sector has quadrupled since the beginning of the CBO|
|July 12, 2023||During the crisis, Chinese subsidiaries in Russia sharply increased lending to banks Their share in this market increased by almost five times|
|May 28, 2023||Chinese banks seize on Russia, oil trade to internationalise yuan|
|April 17, 2023||Chinese spurt: major banks from China have dramatically increased their business in Russia|
|February 01, 2023||China, Turkey and UAE do not want to work with sub-sanctioned Russian banks - vice president of Rosbank|
|February 01, 2023||China, Turkey and UAE join sanctions against Russian banks - media|
|April 01, 2022||Limited Liability Company "China Construction Bank"|
|March 04, 2022||Russian firms rush to open Chinese bank accounts as sanctions bite - sources|
|February 25, 2022||Chinese banks began to limit the financing of purchases of Russian raw materials - Bloomberg|