Yerevan /Mediamax/. “VTB Bank (Armenia)” is included in Trade Facilitation Programme (TFP) of the European Bank for Reconstruction and Development (EBRD).

Mediamax was informed in the press service of the bank today that within the framework of the Programme, “VTB Bank (Armenia)” will be provided a renewable credit line to fund foreign trade deals by means of providing letters of credit and guarantees, as well as direct funding.

EBRD Trade Facilitation Programme aims at supporting international trade. Within the framework of the Programme, EBRD provides guarantees to international commercial banks, taking upon itself political risks and risks of commercial non-payment on deals.