OREANDA-NEWS. April 27, 2010. PSB signed a Memorandum of Cooperation with the Export Credit Guarantee Corporation of India, reported the press-centre of PSB.

The Memorandum broadens opportunities for PSB in the area of Indian export financing. Cooperation with the Export Credit Guarantee Corporation of India will enable PSB to raise long-term loans from Indian banks under the Corporation’s guarantees, for the purposes of financing PSB clients’ import contracts. Under the arrangement, PSB clients will enjoy access to long-term financing on attractive pricing terms.

Further development of our cooperation with Export Credit Guarantee Corporation of India will contribute to an increase in the volumes of trade between Russia and India.

PSB opened a representative office in India in 2006.