Muganbank agreed on cooperation with Roseximbank

Muganbank OJSC Start cooperation with Roseximbank JSC, which is part of the Group of Companies of the Russian Export Center.

Muganbank OJSC and Roseximbank JSC agreed on financing the exports of Russian goods to Azerbaijan. For potential importers of Russian products, a comprehensive product offer will be asked with basic financial instruments for trade support between Russia and Azerbaijan, such as letters of credit, guarantees, direct loans to foreign buyers, loans to foreign buyers banks and financing receivables secured by export revenue. This will help clients by Oao “Muganbank” in the export of goods and services from the Russian Federation to the Republic of Azerbaijan.

OJSC “Muganbank” – one of the famous financial institutions of the Azerbaijani Financial Banking Sector – began its activities 19992. Today, 23 branches and 10 branches of Muganbank OJSC and the Bank’s representative office in Moscow provide customer-based services for all types of bank products. OJSC “Monganbank” cooperates with international economic structures. Among them, the United States Agency for International Development (USAID), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), US Investment Fund -WorldBusinessCapital (WBC), private foreign investment corporation (OPIC) and Islamic Corporation for Private Development Sectors (ICD), TheGreenForGrowthfund (GGF), European Foundation for Southeast Europe (EFSE) and the Round Table of Bankers Initiative “One Belt – One Way” (BRBR), initiated by the Industrial and Commercial Bank of China (ICBC) .