Uralvneshtorgbank awarded for completing European Bank for Reconstruction and Development Trade Financing Program
14 December 2006 (14:46)
Uralvneshtorgbank was awarded for competing the European Bank for Reconstruction and Development Trade Financing Program. The bank joined the program in October 2005, upon receiving a $7m line of credit.
The excellent performance of the bank’s trade financing experts and its impressive transaction portfolio made Uralvneshtorgbank Russia’s leading regional crediting organization. It was supported by some large foreign investors such as ACE Global Markets (AGM), Catlin Syndicate 2003, XL Syndicate 1209, and Kiln Syndicate 510 at Lloyd’s of London, therefore the European Bank for Reconstruction and Development increased its line of credit from $7m to $14m.
The excellent performance of the bank’s trade financing experts and its impressive transaction portfolio made Uralvneshtorgbank Russia’s leading regional crediting organization. It was supported by some large foreign investors such as ACE Global Markets (AGM), Catlin Syndicate 2003, XL Syndicate 1209, and Kiln Syndicate 510 at Lloyd’s of London, therefore the European Bank for Reconstruction and Development increased its line of credit from $7m to $14m.
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