OREANDA-NEWS. On August 17, 2009 Within the framework of strengthening strategic cooperation, Sberbank of Russia and JSC "BPS-Bank" signed an interbank agreement on establishment of a USD million multicurrency facility for purpose of financing of payments under letters of credit opened by the Belarusian bank in favour of the Russian bank's customers, reported the press-centre of BPS-Bank.

Under this agreement, Sberbank of Russia provides USD and EUR financing with 1-year maturity.

Foreign trade financing is a priority activity of JSC "BPS-Bank" which has extensive experience in financing trade and investment projects.

The agreement will allow JSC "BPS-Bank" to strengthen its leading positions in the trade finance market of the Republic of Belarus and expand opportunities of financial support of the customers in carrying out settlements with partners from the Russian Federation.