OREANDA-NEWS. Vnesheconombank and Wachovia Bank National Association (the U.S.) signed a Credit Agreement on providing funds (for a period of up to 1 year) to finance foreign trade transactions.

Under the Agreement credit resources would be used to finance export-import companies-Vnesheconombank’s customers.

The Agreement opens up additional opportunities in trade financing and will promote business ties and cooperation between VEB and US financial institutions.
Wachovia Bank National Association is one the largest US financial institutions.