OREANDA-NEWS. August 12, 2013. As part of a large-scale project for developing its trade and export financing business, VTB Bank signed deals worth around USD 2.8 billion from January to  July 2013, more than tripling its portfolio of on-balance transactions in this field. Optimisation of the bank’s trade and export financing business and development of comprehensive individual solutions for companies facilitated these transactions.

In the first seven months of 2013, VTB Bank signed more than USD 1.7 billion worth of pre-export and long-term financing transactions with export credit agencies coverage, including on the export of petroleum products, coal and mineral fertilisers to clients around the world. The bank has also structured over 600 transactions with documentary instruments to the value of over USD 1 billion. 

To support its clients’ export transactions, VTB Bank has developed a line of export financing products secured by Export Insurance Agency of Russia (EXIAR), with which the Bank signed a strategic cooperation agreement in April 2013, the first agreement of this kind in the Russian market.