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Vneshtorgbank and the National Bank of Angola sign a Memorandum of Understanding

25 November 2004

Within the framework of a visit to Angola by Uriy Trutnev, Russian Minister of Natural Resouces and Alexander Saltanov, Russian Deputy Minister of Foreign Affairs, a Memorandum of Understanding was signed between Vneshtorgbank and the National Bank of Angola.

The Memorandum signed is aimed at facialitaing the development of political, trade and economic relations between Russia and the Republic of Angola. With this aim in view, a focus was placed on establishing a bank on the territory of the Republic of Angola with a Russian bank such as VTB and Angolan investors participating in its share capital.

The Memorandum was signed in Luanda (The Republic of Angola) by Sergey Shilov, Vice-President of Vneshtorgbank andadeu Mauricio, Governor of the National Bank of Angola.

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