On August 11, 2020, PJSB Trustbank and the State Specialized Russian Export-Import Bank (Roseximbank, part of the REC group) signed a Framework Credit Agreement (FCA), which provides PJSB Trustbank with short-term, medium-term and long-term financing.
This agreement will allow PJSB "Trustbank" to offer corporate clients financing to pay for the supply of goods, services, purchase of raw materials, components and work performed on the territory of the Russian Federation, including financing under the cover of the Export Credit Agency JSC "EXIAR".
PJSB "Trustbank", being an integral part of the banking system of the country, is taking active measures to expand the scope of cooperation with international financial institutions and foreign banks. By entering into the Framework Loan Agreement, PJSC Trustbank activates the trade finance business, opens up a number of opportunities to support clients' foreign economic projects, and plays a significant role in strengthening mutually beneficial cooperation of partners from the Republic of Uzbekistan and the Russian Federation.
Reference: The State Specialized Russian Export-Import Bank (Joint Stock Company) was established in 1994, it is a development institution, that in the framework of concluded export contracts provides loans to companies and issues various types of guarantees on its behalf to support Russian exports.