Mission and Values

MISSION

VEB is a national development bank that contributes to implementing the government’s socio-economic policy, enhancing the competitiveness of the country’s economy and using innovation to modernise the country’s economy.

Our mission of being a driver of Russia’s development is accomplished through financing projects of nationwide significance. These projects help the Russian economy to become diversified and more efficient. Consequently, economic modernisation provides further impetus for social reform in the country.

VISION

We offer an effective system of achieving the strategic goals in the interests of Russia.

VALUES

Values are a framework for any organisation. VEB’s new strategy will correspond to the new values. Our extensive discussions provided the basis for the values that will shape VEB’s future.

Development

We anticipate significant objectives of VEB’s transformation. However, we not only should catch up with financial institutions’ best practices but also see an opportunity to create advanced solutions for our customers.

Leadership

The goals of the Strategy cannot be achieved without dozens and hundreds of VEB’s employees taking responsibility for the result, solving problems despite difficulties and obstacles or being proactive.

Partnership

VEB should really maintain partnership relations with its customers. Partnership means a thorough understanding of the customer’s business and needs and the ability to involve the customer in creating an adequate solution for project implementation.

Teamwork

Success depends on good teamwork. As a value, the team means that we help each other, keep away from officialism and take a constructive approach.

Integrity

VEB manages financial resources entrusted by the government and investors. To maintain their confidence, we comply with high standards of professional ethics, we are transparent in our operations and we have zero tolerance towards corruption.

Patriotism

VEB is more than an ordinary bank, and, in addition to investment return and profitability, we should ensure the maximally positive effect of our investments on the Russian economy. We are proud that we work towards a better Russia.

We understand that we are faced with challenges such as making successful investments in focus areas, resolving the Bank’s existing problems and accomplishing a large-scale internal organisational transformation. We are confident of success, we are inspired by an opportunity to make a substantial contribution to Russia’s economic development and develop ourselves.