VTB Bank has issued a
VTB and EXIAR in 2013 signed a strategic cooperation agreement to finance
Insurance coverage provided by EXIAR allows VTB to issue larger and
In conjunction with EXIAR, the bank offers loans to finance Russian exports for its corporate clients and financial institutions. VTB also runs a programme to validate and finance export letters of credit under EXIAR coverage — the optimal way to pay for contracts with letters of credit.
First Deputy President and Chairman of VTB Bank Management Board Yuri Soloviev said, "We are pleased to be able to support Russian exporters and open up for them new opportunities for business growth and market expansion. We see cooperation with EXIAR as a key to the further stable development of Russian exports and a reliable tool to stimulate economic growth."
Export Insurance Agency of Russia (EXIAR) was established in October 2011. The agency’s primary goal is to support