cOREANDA-NEWS. June 6, 2007. VTB Bank signed an agreement with Export Development Canada on increasing the existent credit line from с USD 50 million to UDS 150 million to finance Canadian export of goods and services to Russia.

In addition to the increased credit line, its term was also extended from 7 to 10 years, and the financing can be provided both in US dollars and Euros. The agreement will boost further cooperation between Russian and Canadian producers, more dynamic and closer bilateral relations between Canada and Russia, extensive mutual trade turnover and more competitive positions of VTB in handling foreign trade.
The initial credit line was almost fully disbursed to finance deliveries of technology equipment for metallurgical industry.