Vnesheconombank Fist Deputy Chairman Nikolay Kosov named Best Banker of Russia

11 april 2007 года
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Vnesheconombank First Deputy Chairman Nikolay Kosov was named the Best Banker of Russia for the year 2006. Chairman of the Contest’s Organizing Committee, Chairman of the Russian Accounting Chamber Sergei Stepashin presented the award.

The Contest “The Best Banker of Russia» was founded in 2005 by the Expert- Consulting Council under the Chairman of the Russian Accounting Chamber, Publishing House “Financial Control,” the Association of Russian Banks, the Association of Regional Banks of Russia and Journal “Banking Law.” The Contest aims to identify lending institutions’ best executives of the year. 

As it was mentioned at the ceremony, Nikolay Kosov was nominated for this award for his major contribution to the development of the national banking sector.  

Nikolay Kosov, candidate of economic sciences, has been working in the Bank since 1998. N. Kosov is in charge of many lines of the Bank’s business including investment, planning, human resources recruitment, foreign relations and etc. He made a great contribution to formulating a concept of the development institution being established on the basis of Vnesheconombank.  

N. Kosov was awarded the Order of Honour and medals of the Order “For the Services to the Fatherland”, first and second grade for his great contribution to the development of the Russian Federation’s financial system and hard work of many years. On June 30, 2005, he was thanked officially by the order of the Russian President for his achievements in the financial and economic activity and hard work of many years.

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 208-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

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Agreement Signed with Wachovia Bank National Association

10 april 2007 года
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Vnesheconombank and Wachovia Bank National Association (the U.S.) signed a Credit Agreement on providing funds (for a period of up to 1 year) to finance foreign trade transactions.

The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and by Wachovia Bank National Association Director Larisa Ostrovskikh.

Under the Agreement credit resources would be used to finance export-import companies-Vnesheconombank’s customers.

The Agreement opens up additional opportunities in trade financing and will promote business ties and cooperation between VEB and US financial institutions.

Wachovia Bank National Association is one the largest US financial institutions. Wachovia Bank National Association has about 100 branches in the US and an extensive network of branches and subsidiary banks abroad. By the amount of assets Wachovia Bank N.A. ranks 4th in the US and 36th in the world. As of 31.12.2006 the Bank’s assets amounted to 707 billion US dollars, the Bank’s capitalization is 108 billion US dollars.  

 

Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 208-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru

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