OREANDA-NEWS. September 28, 2009. Gazprombank and Bank of China have signed an Agreement on short term (up to 1 year) trade finance facility that provides post-financing of the Letters of Credit. The Agreement creates a widespread possibilities in the field of trade finance and additional advantages for GPB customers trading with China.

The Agreement signed with the Bank of China is a logical result of GBP efforts focused on enhancement of business partnerships with Chinese state owned and private financial institutions.

Having in mind growing cooperation and business contacts with Chinese business Gazprombank opened a representative office in Beijing and signed a number of agreements and memorandums on cooperation with Chinese state owned financial institutions, such as The Export-Import Bank of China, China Development Bank, China Export & Credit Insurance Corporation “SINOSURE”.