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 on the export 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 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 VTB Group.”». Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board
