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05.06.2014

EXIAR closes the first contract with Gazprombank

The first insurance contract between Russian Agency for Export Credit and Investment Insurance (EXIAR) and Gazprobank was signed 5 June, 2014.

According to the contract, EXIAR covers against commercial risks on Gazprombank’s export credit aimed to finance supplies of grain and forage harvesters, as well as assemblies and accessory equipment, produced by OOO “Harvester Plant Rostselmash” to the Republic of Kazakhstan.

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.

Gazprombank (Open Joint-Stock Company) is one of the three major banks of Russia in terms of key performance indicators, and one of the three major banks of the Central and Eastern Europe in terms of its equity. 
Gazprombank has an investment grade rating by international rating agency Moody's Investor's Service - rating of long-term deposits in foreign currency is at Baa3, stable outlook, the debt rating - at Baa3. Long-term counterparty ratings on debt and borrowings of the Bank assigned by Standard & Poor's at the level of BBB-, with a stable outlook. Gazprombank is assigned Long-term Issuer Default Ratings (IDRs) of “BBB-“ by Fitch Ratings.

External Communications EXIAR