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Five banks of BRICS nations sign agreement to establish credit lines: Report Five banks of BRICS nations sign agreement to establish credit lines: Report Five Banks Of The BRICS Bank Cooperation Mechanism Have Agreed To Establish Credit Lines In The National Currencies And Cooperate On Credit Ratings. PTI | Updated on: 03 Sep 2017, 01:00:54 AM Beijing: Five banks of the BRICS Bank Cooperation Mechanism have agreed to establish credit lines in the national currencies and cooperate on credit ratings. The agreement was signed ahead of the BRICS (Brazil, Russia, India, China and South Africa) summit in China’s Xiamen city on Sunday in which leaders of the five countries, including Prime Minister Narendra Modi are scheduled to take part. ....