Asaka Bank Finances 229 Letters of Credit for USD623 mn
OREANDA-NEWS. November 09, 2010. Asaka state joint-stock commercial bank actively cooperates with such leading banks as JP Morgan Chase (USA), Korea Exim Bank (Korea), UBS AG (Switzerland), Commerzbank AG (Germany), Landes Bank Berlin AG (Germany), SMBC (Japan), RZB (Austria), Citibank (USA) and others.
At that, partner relations stipulate utilization of short term investments on export-import operations.
Thus, 229 letters of credit at the total price exceeding USD623 million were financed.
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