OREANDA-NEWS. Vnesheconombank and Citibank N.A. (US) entered into an Agreement on Bank acceptances.

The Agreement provides for raising funds to finance export and import transactions conducted by Vnesheconombank’s customers for thirty-day periods and multiples thereof and a maximum period of transaction may not exceed 180 days.

Using this trade-financing instrument will enable the Bank to make its services more competitive and attract new customers to finance their trade transactions as well as help to promote business ties and cooperation between VEB and US financial institutions.