OREANDA-NEWS. June 10, 2011. In accordance with the terms of the agreement, BPS-Bank can borrow under individual loan agreements for financing supplies of industrial goods, reported the press-centre of BPS-Bank.

Loans will be provided to finance import from the countries where export credit agencies are ready to provide insurance cover of such loans in favour of Bayerische Landesbank AG. The agreement will allow the Bank's customers to receive long-term financing of import contracts and to implement their investment projects. The agreement does not put limitation on the total volume of borrowings.

BPS-Bank actively develops ECA-insured business. The Bank concluded over 100 agreements with banks from Europe and Asia stipulating financing of investment projects with maturity from 3 to 5 years. More than 70 customers of BPS-Bank have utilized the possibility of obtain long-term resources of foreign banks.

Signing of the Agreement will promote efficient cooperation with foreign financial institutions and national export credit agencies.