OREANDA-NEWS.  June 15, 2012. Rosbank issued bank guarantees on behalf of the company "Mostovik" for the total of RUR 1,48 bln. for the 6 years under the Contract for construction of Big Ice Hockey Arena in Sochi. The project owner is SC "Olimpstroy", reported the press-centre of Rosbank.  

Bank guarantees issued by Rosbank cover various stages of the project and in total amounting to RUR 4 bln.

"Guarantees are the key product in Rosbank trade finance business. Recently, Rosbank enjoyed significant growth in demand for relevant service. In Q1 2012 the total volume of guarantees reached RUR 22,5 BN(USD 769.6 M) compared to RUR 77,2 BN(\\$ 2.4 M)as of 2011 year-end. Rosbank is keen to further expand this business and to increase its share at this highly competitive market", - said Michel Maсagno Head of Corporate Business of Rosbank.