The Moscow AGROPROMKREDIT bank has opened correspondent accounts in euros and US dollars in the German OST-WEST HANDELSBANK AG (Frankfurt-am-Main) to optimize foreign currency settlements. The AGROPROMKREDIT bank, which is involved in the ’Home’ federal program, is one of the five Russian banks that handle housing certificates. The bank has 11 branches.
Source: BANKIR.RU, June 23, 2006
