14 Sep 2009 07:04

Gazprombank and Bank of China sign agreement for financing external operations (repeat)

Moscow. September 14. INTERFAX - Gazprombank and the Bank of China have signed an agreement for the financing of external trade operations in the form of post-financing bills of credit, the Russian bank said in a statement.

In 2006, Gazprombank opened a representative office in Beijing for the purposes of protecting its interests, assisting in business development and implementing projects with Gazprom as well as other clients of the bank.

Expanding its operations in China, Gazprombank has signed a series of agreements and memorandums for partnership with Chinese state financial institutions such as the Export-Import Bank of China, China Development Bank and China's official export credit insurance agency , Sinosure.