VTB Bank expands cooperation with Export-Import Bank of Thailand

10 march 2017

VTB Bank and Export-Import Bank of Thailand have agreed to expand their interbank cooperation with a view to supporting joint trade projects between Russia and the Kingdom of Thailand.

The parties have entered into an interbank agreement to support the use of trade financing mechanisms in bilateral trade between the two countries. VTB Bank will now be able to offer new trade financing solutions to Russian companies working with partners from Thailand, which will boost trade in a number of sectors.

Herbert Moos, Deputy President and Chairman of VTB Bank Management Board, commented: “This agreement designates our banks as partners, confirming VTB’s commitment to further expanding cooperation as Russia and Thailand strengthen their relations. We are actively exploring opportunities for undertaking joint projects with Thailand’s financial institutions and hope to further expand our joint product line.”