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Vneshtorgbank and Banquo Natsional de Comercio Exterior, Mexico (Bankomext) have signed the Collaboration Agreement

22 July 2004

On June, 7, 2004 within the framework of official visit of the President of the Russian Federation V.V.Putin to Mexico the Vneshtorgbank and Banquo Natsional de Comercio Exterior, Mexico (Banco Nacional de Comercio Exterior SNC) have signed the Cooperation agreement. The agreement was signed by President-chairman of Board of the Vneshtorgbank Andrey Kostin and Chairman Bankomext Hector Rejes Retana (Hector Reyes Retana, CEO).

The agreement is directed on strengthening of partner communications between the VTB and Bankomext in a number of areas of co-operation with a view of creation of favorable conditions for development of bank service of the foreign trade turnover between Russia and Mexico. In particular, Banks have agreed upon expansion of interaction in the field of financing the trading operations, syndicated crediting, co-operation in investment sphere.

The agreement also provides an establishment of mutual credit limits on carrying out of documentary operations and information interchange on various questions of interbank co-operation.

In reference: Banquo Natsional de Comercio Exterior, Mexico the state bank of development of Mexico. According to the charter the bank carries out financing, insurance, warranting of the export operations assisting creation of workplaces in economy of Mexico. The bank also renders a universal complex of bank services for the clients.

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