As part of a large-scale project for developing its trade and export financing business, VTB Bank signed deals worth around US$ 2.8 billion from January to July 2013, more than tripling its portfolio of on-balance-sheet transactions in this field. Optimisation of the bank’s trade and export financing business
and development of comprehensive individual solutions for companies facilitated these transactions.
In the first seven months of 2013, VTB Bank signed more than US$ 1.7 billion worth of pre-export and long-term financing transactions with export credit agencies coverage, including for exports of petroleum products, coal and mineral fertilisers to clients around the world. The bank has also structured over 600 transactions with documentary instruments to the value of over US$ 1 billion.
To support its clients’ export transactions, VTB Bank has developed a line of export financing products secured by the Export Insurance Agency of Russia (EXIAR), with which the Bank signed a strategic cooperation agreement in April 2013, the first agreement of this kind in the Russian market.