Rosbank Issued Bank Guarantees on Behalf of "Mostovik"
OREANDA-NEWS. June 07, 2012. Bank guarantees issued by Rosbank cover various stages of the project and in total amounting to RUR 4 bln.
"Guarantees are the key product in Rosbank trade finance business. Recently, Rosbank enjoyed significant growth in demand for relevant service. In Q1 2012 the total volume of guarantees reached RUR 22,5 BN(USD 769.6 M) compared to RUR 77,2 BN(USD 2.4 M)as of 2011 year-end. Rosbank is keen to further expand this business and to increase its share at this highly competitive market", - said Michel Maсagno Head of Corporate Business of Rosbank.