OREANDA-NEWS. JSCB Promsvyazbank (CJSC) has signed a foreign trade finance agreement with Bank of China.

According to this agreement, Promsvyazbank will be provided with a US$30 million line of credit. The initial amount of credit may be further increased upon utilization. Each tranche is due for repayment within 1 year.

The signing of this agreement will help Promsvyazbank expand its trade finance capability for its customers doing trade with China.