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Sberbank of Russia and the Hungarian Export-Import Bank, a specialized banking institution for state support for exports, have entered into a cooperation agreement, the press service of the Far Eastern Bank OJSC «Sberbank of Russia». The document signed by the Deputy Chairman of the Management Board of Sberbank of Russia Sergey bitter and CEO of Eximbank Hungary Roland Natran.
The agreement provides a framework for mutual cooperation between the parties in the field of international trade. Formerly a subsidiary bank Sberbank in Hungary and the Hungarian Eximbank signed an agreement for a credit line, according to which the subsidiary bank Sberbank lends to exporters.
«At present, Hungary creates one of the most effective systems in Central and Eastern Europe to support the activities of exporters — said Sergey bitter. — Agreement between Sberbank and the Export-Import Bank of Hungary will give a serious impetus to the development of Russian-Hungarian trade relations.»