EXIAR and Promsvyazbank hold conference for exporters in St Petersburg
On 11 April, Promsvyazbank and the Russian Agency for Export Credit and Investment Insurance (EXIAR) held a joint conference entitled ‘New Export Support Instruments’ in St Petersburg.
The conference was attended by approximately 200 participants, including representatives of the government, the banking sector, exporters, and SMEs based in and around St Petersburg. The conference focused on St Petersburg’s foreign trade, export potential of the city’s SMEs, and prospects for exporters’ development. The audience showed particular interest in the joint specialised product from Promsvyazbank and EXIAR for SMEs, as well as in the experience of completing transactions.
The conference opened with remarks from Promsvyazbank President Artem Konstandyan, EXIAR CEO Peter Fradkov, and Vice-President and Manager of Promsvyazbank’s St Petersburg branch Tatyana Krylova.
Alexander Meshcheryakov, Managing Director of International Finance, and Andrey Skabelin, Sales Manager of Financial Market Tools, presented an overview of Promsvyazbank’s work. They discussed how the bank has financed foreign trade with EXIAR’s support, and spoke about exporter operations on the currency market.
"Already after the first presentations and discussions, it became clear that despite all of the difficulties encountered in foreign markets, Russian companies intend to continue winning the trust of clients abroad. As one of the biggest private banks in the country, we understand that flexible and efficient financial solutions are necessary to develop export trade. That is why we decided to hold this conference – it is essential for us to understand the problems of our export-oriented clients, and how we can help find solutions", noted Artem Konstandyan.
Andrey Polyakov, Managing Director for Regional Development and SME Support and Konstantin Aksyonov, Director of Customer Relations gave a presentation about EXIAR’s work. Mr. Aksyonov spoke about the Agency’s activities, the main insurance products and principles of working with different kinds of clients, and shared the Agency’s principal accomplishments of 2013. Mr. Polyakov provided information on specialised products for SMEs.
"In 2013 Promsvyazbank and EXIAR developed their working relationship in several areas, but particularly in the Agency’s provision of insurance to the bank’s borrowers who export energy equipment, piping, etc. During the course of the year, five projects were implemented in partnership with the bank in accordance with the rules for supplier credit insurance and comprehensive export credit insurance. We continue to actively expand our areas of cooperation, so as to further develop a partnership with such a reliable partner as Promsvyazbank", said EXIAR CEO Peter Fradkov.
Other speakers at the conference included Maxim Meiksin, Chairman of St Petersburg’s Industrial Policy and Innovations Committee; Elgiz Kachayev, Chairman of St Petersburg’s Committee for the Development of Entrepreneurship and Consumer Market; and Vladimir Katenev, President of the St Petersburg Chamber of Commerce and Industry.
Promsvyazbank was established in Moscow in 1995, and today is one of Russia's leading private banks, with assets totalling RUB 739 billion. As at 1 January 2014 the amount of equity capital under the Basel I framework was RUB 98 billion, according to IFRS data. Promsvyaz Capital B.V. owns 88.25% of the bank's charter capital, with the remaining 11.75% belonging to the European Bank for Reconstruction and Development. The bank has the following credit ratings from international rating agencies: BB- from Standard & Poor's (stable outlook), Ba3 from Moody's Investors Service (stable outlook), BB- from Fitch Ratings (stable outlook), and an individual credit rating of AA + from Russia's National Rating Agency. The bank's network in Russia includes over 300 sales outlets as well as a branch in Cyprus and representative offices in Ukraine, China, Kazakhstan and India. www.psbank.ru
The Russian Agency for Export Credit and Investment Insurance (EXIAR) was established in 2011 as an open joint-stock company. EXIAR’s mission is to support Russian high-tech exports by insuring export credits against commercial and political risks, as well as Russian investments abroad against political risks.Vnesheconombank is the sole shareholder of EXIAR. The agency's charter capital is RUB 30 billion.
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