BTA Bank and Korea Export Insurance Corporation Sealed A Cooperation Agreement15.05.2008
BTA Bank and Korea Export Insurance Corporation (KEIC) have sealed a cooperation agreement. CEO of BTA Bank Roman Solodchenko and KEIC Chairman Won Koo Kang signed the document on May 14, 2008 in Astana within Kazakhstan – Korea: New Cooperation Prospects Business Forum.
BTA Bank is the first financial institution in the CIS to sign this document with state-owned Korea Export Insurance Corporation. KEIC has significant influence on development of export and import relations between South Korea and its partners.
The document is a milestone in the development of trade and economic ties between the two countries. It is intended to bolster relations between BTA and South Korean banks through joint major projects in export and import operations and infrastructure construction.
"The cooperation agreement will facilitate an increase in trade flows, transactions and limits of South Korean banks for BTA and also an efficient implementation of projects of BTA clients with KEIC coverage. Clients will have competitive financing terms to service trade flows of businesses with Korean companies," Solodchenko said after the document was signed.