OREANDA-NEWS. On 04 February 2009 was announced, that Gazprombank and Export Development Bank of Egypt (EDBE) signed a cooperation agreement aimed at strengthening partnership between the two financial institutions and expansion of cooperation in the financing of trade, long-term projects and exports as well as cooperation in the capital market.

Execution of the agreement with Export Development Bank of Egypt is another step in realization of Gazprombank’s program to strengthen collaboration with foreign public and private financial institutions.

Export Development Bank of Egypt is a bank specializing in financing export and import operations. As of June 30, 2007 its assets were about USD 1.54 billion.