On 7 March 2007, in Buenos Aires, within the framework of the Intergovernmental Russian-Argentine Commission on trade, economic, scientific and technical cooperation, VTB Bank and Banco de la Nacion Argentina signed a Cooperation Agreement.
The Agreement is designed to enhance partnership between VTB Bank and Banco de la Nacion Argentina in order to facilitate banking services underpinning foreign trade turnover between the Russian Federation and the Argentine Republic. In particular, the Agreement provides for stronger cooperation in trade finance, export promotion and investment project support.
Banco de la Nacion Argentina was established in 1861. It focuses mainly on handling Argentine's foreign trade. In terms of assets, Banco de la Nacion Argentina is ranked 531st in the world and 1st nationwide.