OREANDA-NEWS. September 30, 2011. BANK URALSIB (OJSC “URALSIB” or the Bank) (RTS: USBN) signed interbank Loan Agreement with the Export-Import Bank of the Republic of China (Eximbank, Taiwan). The present Agreement will allow to effect refinancing of the shipped/paid goods as well as financing of the forthcoming supplies from Taiwan. The loan tenor shall be from 180 days till 5 years.

The development of relationships with the export-import banks and agencies of the developed countries is a one of the key priorities of BANK URALSIB. Bilateral agreements with different export-import banks enable to render competitive lending facilities to URALSIB’s clients for financing their supplies from different countries.

“As of today the whole ECA-based loan portfolio is amounted circa USD  250 mln. Currently URALSIB is envisaging signing new agreements with foreign partners and increasing the current limits available to the Bank presently” – commented Anton Zur, Head of International Business Department.