VTB, UniCredit and DB Launch a Joint Program for Russian
OREANDA-NEWS. August 10, 2007. VTB Bank, UniCredit and Deutsche Bank signed a Cooperation Agreement setting their relationship under a joint Program for Russian mortgage securitization and refinancing.
For VTB Bank the Agreement was signed by Andrey Suchkov, Senior Vice President; for UniCredit – by Fazel Ahmed, Head of Securitization in Central and Eastern Europe of HVB, and for Deutsche Bank – by Tim Nicole, Managing Director, Head of Securitization in Central and Eastern Europe, Near East and Africa.
The Agreement stipulates joint financing of the Program worth USD 2 billion by three banks within two years.
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