OREANDA-NEWS. November 24, 2008. in the course of Russian President Dmitry Medvedev’s formal visit to the Republic of Peru, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Peru National Bank (Banco de la Nacion) entered into a Memorandum on Cooperation.

This Memorandum provides for promoting partner relations between the two banks to service Russian-Peruvian trade, economic, investment and technical cooperation and would help create favorable conditions for enhancing trade and economic ties between Russia and Peru.

Under the Memorandum the two sides are determined to provide financial and banking services for bilateral trade contracts and investment projects aimed at boosting export-oriented industries of the two countries.