MOSCOW, April 27 /PRRussia/ — RosEvroBank has established partnership relations in vouching and trade finance with Landesbank Baden-Wuerttemberg (LBBW), Germany’s major regional bank.
Located in Stuttgart, the LBBW is among the world’s top 50 and Germany’s top ten banks. Partnership with the LBBW will enable RosEvroBank’s existing and potential clients to get short-term (for up to twelve months) and mid-term (from 13 to 60 months) trade finance against Euler Hermes insurance agency guarantees.
Landesbank Baden-Wuerttemberg is the seventh crediting and financial institution of Germany, with which RosEvroBank actively cooperates in vouching and trade finance. RosEvroBank to-date has clean credit lines for $140 million from foreign banks and mid-term credit lines for another $40m secured by exports credit agencies.
As of January, 2006, RosEvroBank had 20.4 billion roubles ($745million/E600m) in assets. The bank’s reliability has been confirmed by the MOODY’S INVESTORS SERVICE, which has granted it an E+ financial stability rating and B1/NP long- and short-term hard currency deposit ratings.
