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Vneshtorgbank set to open offices, subsidiaries in Asia

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MOSCOW, June 7 (RIA Novosti) - Vneshtorgbank said in a news release Wednesday that it would set up subsidiaries in China, India and Singapore and open an office in northeastern China.

The state-owned foreign-trade bank is one of the Russian Central Bank's top 30 banks in terms of assets, which stood at an estimated $4.5 billion as of January 1, 2006.

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