Credit Bank of Moscow has signed Agreement on raising funds from China Development Bank
Credit Bank of Moscow (CBM) has signed an Agreement to raise funds from the China Development Bank in the amount of up to 200 million CNY. The money received should be used to stimulate mutual trade between Russia and China in national currencies, as well as to support international relations between businesses in two countries.
Credit Bank of Moscow became the first private bank, who was able to implement this format of the transaction. In strategic expansion of international business CBM from 2019 year develops relations with one of the largest development institutions in the world — China Development Bank. CBM is going to continue mutual integration with Asia partners, and looking for not only trade related activities, but also for long term projects.
CBM considers Asia as a strategically important region for expanding its operations. Credit Bank of Moscow received the credit rating of the Bank rating is «AA +» from Lianhe Credit Ratings.