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Visit of delegation of the Vneshtorgbank to Georgia has taken place

22 July 2004

On May, 26 - 27, 2004 visit of delegation of the Vneshtorgbank headed by the First Assistant of the President - Chairman of Board Vadim Levin, to Georgia has taken place. Within the framework of Vadim Levin`s official meeting with the Prime minister of Georgia Zurab Zhvanija questions of strengthening of the Russian-Georgian co-operation in financial sphere were discussed. Mutual interest in expansion of a spectrum offered to the Russian and Georgian companies of services has been expressed in the field of service of commodity circulation between two countries.

Vadim Levin also has taken part in an official meeting of the President of Georgia Michael Saakashvili with delegation of the Russian industrialists and the businessmen, the Russian Federation headed by Minister of economic development and trade Herman Gref.

During the given meeting questions of strengthening and the further development of co-operation in investment, trade and economic, financial and cultural spheres between Russia and Georgia were discussed. It has been declared achievement of the basic arrangement on purchase by the Vneshtorgbank of a control share holding of one of the largest banks of Georgia. The president of Georgia has expressed in support of plans of the Vneshtorgbank providing significant expansion of its activity in the market of bank services of republic.

Purchase of the Georgian bank is called to promote the realization of strategy of the Vneshtorgbank providing as one the basic directions development of the network in the countries CIS. According to Vadim Levin " the markets of bank services of the states CIS are represented rather perspective.ple opportunities of the Vneshtorgbank on granting long-term financial resources will be certainly demanded by the largest enterprises of the countries CIS at financing own production programs. Besides the Vneshtorgbank aspires to occupy a market niche of the main clearing bank of the countries CIS ".

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