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Rossport and Vneshtorgbank sign Cooperation Agreement

8 September 2005

Vneshtorgbank and the Federal Agency of the Russian Federation for physical culture and sports (Rossport) have signed a Cooperation Agreement stating their intention to develop mutually encouraging relationship.

Signed by the Head of Rossport Vyatcheslav Fetisov and Chairman of the Board & CEO of Vneshtorgbank Andrey Kostin, the Agreement is aimed at Vneshtorgbank facilitating the Agency in reaching its priority targets set by the state policy in the sphere of physical culture and sports.

Under the Agreement, Vneshtorgbank shall offer the widest spectrum of its comprehensive banking services, including lending, leasing, payroll services and lending to individuals. And here, Vneshtorgbank shall use the full force of its expertise and competence gained in cooperating both with companies working in the sphere of sports, and executive authorities of different levels, which will allow it to contribute to developing mass sports, promoting physical culture and health of the Russian people leaving in particular regions of the country.

The Agreement signed by Rossport and Vneshtorgbank shall pay the way for Vneshtorgbank to enhance its cooperation with economic entities operating in the sphere of physical culture and sports. In its turn, Rossport will now be able to invite Vneshtorgbank to participate in the implementation of different programs launched by the Agency at the industrial, regional, inter-regional, state and international levels, which will lead to larger bank financing of socially important projects aimed at promoting Russia's population health.

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