JSC VTB Bank has signed a Framework Loan Agreement with HSBC Bank PLC, London.
Under the Agreement, JSC VTB Bank will benefit from competitive financing aimed to support import and export operations of its corporate clients. Funding may be provided either in US dollars or euros on a short- and medium-term basis.
The agreement with HSBC Bank PLC, London, serves as evidence of growing cooperation with major global financial institutions and contributes to JSC VTB Bank’s competitive advantages in servicing corporate customers.
HSBC Holdings plc is the leading company of HSBC Group with its headquarters in London. HSBC Group services its clients in 6600 offices across 80 countries in Europe, Hong Kong, the Asia-Pacific region, North and South Americas, Middle East and North Africa. With an asset portfolio of US$ 2 723 bln as at September 30, 2013, HSBC Group is one of the largest world organizations providing financial services.
HSBC Group in Russia is represented by LLC HSBC Bank (RR), which provides a wide range of corporate and investment banking products and services to companies and financial institutions.