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PRC’s Eximbank to open credit line of 1bln yuans for Gazpormbank

April 28, 2012, 12:21 UTC+3
Agreements fixed in the document will enable the Russian bank to offer to corporative clients more flexible
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MOSCOW, April 28 (Itar-Tass) —— China’s Eximbank will open a credit line of one billion yuans for Gazprombank. This is envisaged in a frame credit agreement signed on Saturday.

According to the document, Eximbank will open a credit line to the sum of one billion of Chinese yuans for Gazprombank, as well as prolong the effect of the earlier signed base credit agreement on medium- and long-term financing in dollars of supplies of Chinese equipment and attendant services to Russia. “Agreements fixed in the document will enable the Russian bank to offer to corporative clients more flexible and advantageous conditions of medium- and long-term multicurrency financing of supplies of goods, equipment and services from China,” a representative of the department for information politics of Gazprombank said.

 

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