Tsesnabank signs general financing agreement with Roseximbank
OREANDA-NEWS. Tsesnabank JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release:
"...Joint Stock Company "Tsesnabank" has signed a general financing agreement with the Russian Export-Import Bank (Roseximbank JSC). In the framework of the agreement transactions shall be concluded with participation of Kazakhstan companies-importers and Russian exporters.
The agreement will provide access to such specialized products of Roseximbank as "a loan to the customer bank" and "financing through a confirmed letter of credit", and will also allow for transactions with insurance coverage by Russian Agency for Insurance of Export Credit and Investment (EXIAR) JSC, which, undoubtedly, will contribute to more dynamic development of trade relations between Kazakhstan and Russia.
The broader collaboration with major financial institutions of the Russian Federation supporting and promoting export of high technology products and services (works) to the Republic of Kazakhstan, intensification of trade between the member countries of the Eurasian Economic Union are priorities of Tsesnabank".