2006 Press Releases
EXIM Bank Business Development Officer Brian Sant Angelo visited Yekaterinburg
September 9, 2006
On September 8-11 EXIM Bank Business Development Officer Brian Sant Angelo visited Yekaterinburg. There was a round table, jointly with the Urals Banking Union, where all the largest regional banks were invited. Mr. Sant Angelo also attended some one on one meetings with bankers in order to answer all the specific questions and to talk over the next steps of collaboration. All these banks were very interested in EXIM programs, and there were a lot of questions concerning - if they meet EXIM credit criteria, transaction requirements and so on.
Mr. Sant Angelo got some expert appraisement on perspective sectors of Economic that will be rapidly developing in the nearest future, and where EXIM can increase its market presence.
On September 11, Consul General John Stepanchuk and EXIM Bank Business Development Officer Brian Sant Angelo visited Chelyabinsk. There was a meeting with Metran managers, where they shared the experience on how to set up the successful Russian-American joint venture and discussed ways for future cooperation.
The American delegation had a meeting with Mr. Panov, President of Chelyabinsk regional union of employers, Deputy of the State Duma, Member of the committee of State Duma for credit institutions and financial markets, where such issues as EXIM Bank cooperation with enterprises and banks of Chelyabinskaya oblast, сollaboration in realization of national priorities, main tendencies in development of mutually beneficial relations between oblast enterprises and US companies were discussed.
Mr. Sant Angelo made a presentation of EXIM bank’s programs implemented in Russia. Mainly, these are the following:
- Loan guarantees, Ex-Im Bank is able to guarantee loans directly to creditworthy buyers in Russia or through Russian banks.
- Insurance, U.S. Exporters or Financial Institutions can insure against commerical and political risks in Russia.
- Project Financing, Ex-Im Bank is willing to consider supporting the U.S. content in large infrastructure projects, regardless of the size of the transaction .
EXIM Bank - the official export credit agency of the United States - supports the purchases of U.S. goods and services by creditworthy international buyers who cannot obtain credit through traditional trade and structured finance sources. As Mr. Sant Angelo mentioned EXIM Bank would like to increase the number of authorizations in Russia to $170,0-190,0 mln per year.
