OREANDA-NEWS. June 29, 2012. Rosbank and Power Machines signed Documentary Credit Facility Agreement in the amount of USD150 mln under which the Bank offers a range of Trade finance services, using the global benefits of Societe Generale Group, reported the press-centre of Rosbank.

Rosbank cooperates with the leading Russian manufacturer and supplier of power equipment in the domestic and international markets for over ten years.

Michel Maсagno, Head of Corporate Business of Rosbank said: “Power Machines is our strategic partner. Rosbank provides trade finance to more than 200 major clients. The total volume of documentary operations of Rosbank exceeded 80 billion rubles of 2011 year-end. We plan to further develop this area of corporate banking”.