VTB Bank and Export-Import Bank of the Kingdom of Thailand have signed an Agreement to finance trade operations. Under the Agreement VTB will be provided with a USD 30 million credit line for purchasing Thai goods by Russian importers.
The Agreement is aimed at increasing trade turnover between Russia and Thailand and strengthening interbank relationships between VTB and Export-Import Bank of the Kingdom of Thailand.
This Agreement allows VTB to finance import of goods from Thailand on favorable terms using the governmental support of the Thai export.
VTB Bank and Export-Import Bank of the Kingdom of Thailand sign the Agreement.
Export-Import Bank of the Kingdom of Thailand is one of the state banks focused on foreign trade servicing. A major activity of the foreign bank is promotion and support of the Thai import-export trade and foreign investment operations to strengthen and develop the national economy.