OREANDA-NEWS. On April 11, 2008 Kazkommertsbank JSC (Almaty),  which is a listing company of Kazakhstan stock exchange's (KASE) had provided KASE with the press-release in whihc the following is informed, reported the press-centre of KASE:

On March 19, 2008 Kazkommertsbank JSC had signed an agreement about cooperation with Russian State Specialized export-import bank within the limits of which the sides determined the main direction of activity for development and f mutually beneficial cooperation, particularly in or organizing of financing and underwriting of deliveries of Russian industrial products to Republic of Kazakhstan.

Taking into account the status of Russian bank, which is engaged in support and stimulating of Russian bank industrial products export, the sign of agreement opens for clients of Kazkommertsbank an opportunity for receiving more profitable conditions while financing deliveries from Russia. And also projects, which is realized in republic of Kazakhstan with participation of Russian companies, also while operation conducting concerning trade financing with Russian partners.

The manager director of Kazkommertsbank Andrey Timchenko was sure that such agreement will give the base for effective cooperation between 2 banks on long term and mutually beneficial foundation. Counting the growing volume of trade turnover between Kazakhstan and Russia, growing demand on financing from the side of Kazakhstan entrepreneurs, who having business with Russian partners.

The Russian bank is a bank-agent of the Government of Russian Federation, including the conducting of state policy of support and stimulation of home export of industrial products. It is realize financing, crediting and guaranteeing of Russian export and export oriented, import replacing industries. Fulfill the total range of bank service for legal entities, including depositary service.