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State Ukreximbank signed a cooperation agreement with the State export-credit Agency of China. This reports the press service of the Ukrainian Bank.

According to the report, from Ukreximbank framework agreement was signed by the Chairman of the Board Alexander Gritsenko, from the Chinese side, the SINOSURE President Wang Tingke.

Under the agreement, SINOSURE will provide insurance support to projects that submitted applications through Ukreximbank and contracts signed by Chinese businesses in Ukraine.

In particular, we are talking about construction projects in Ukraine and other countries, which involved Ukreximbank, as well as in infrastructure, agriculture, energy, transportation, oil and gas industry, chemical industry, acquisition of large mechanical and electrical products and complete equipment and the like.

The total limit of insurance Finance SINOSURE for use by Ukreximbank $500 million Term loan (including the availability period, grace period and repayment period) will be set depending on the parameters of each individual contract and can be up to 15 years.

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The company SINOSURE was founded in 2001. This is the official export credit Agency of China, the only insurance organization that is funded by the government. The strategy is based on SINOSURE export credit insurance in China.

PJSC “State export-import Bank of Ukraine” — financial institution, 100% of the share capital owned by the state. Included in the group of the largest banks in Ukraine, serves a significant number of Ukrainian exporters private and public forms of ownership.

We will remind, on April 12, the national Bank of Ukraine (NBU) and the Central Bank of Montenegro signed a Memorandum on cooperation in the field of banking supervision.