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VTB develops trade and export financing business

 
6 August 2013
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. 

 
 
 
 
«The successful development of trade and export financing by VTB Bank is evidence of the high demand for these products and services among Russian and foreign companies. We intend to promote this positive experience throughout the whole of VTB Group.»
Yuri Soloviev
First Deputy President and Chairman of  VTB Bank Management Board



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