Vnesheconombank and the Kazakhstan Development Bank Agree to Share Experience on Leasing Transactions

17 july 2013 года
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In the course of the International Conference “Sustainable Growth through Long-Term Investments” State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, JSC The Kazakhstan Development Bank (KDB), OJSC, VEB-Leasing and JSC KDB-Leasing (KDB’s subsidiary) entered into a Memorandum on Cooperation in Exchanging Experience on Leasing Transactions.

On behalf of Vnesheconombank the Memorandum was signed by Chairman Vladimir Dmitriev, on behalf of KDB – by Board Chairman Nurlan Kusainov, on behalf of VEB-Leasing - by Director General Vyacheslav Solovjev and on behalf of KDB-Leasing – by Board Chairman Erden Kunanbaev.

The parties agreed to expand mutual cooperation in sharing experience on leasing transactions to assist in developing this business not only in Russia and Kazakhstan but also in other countries – members of the Shanghai Cooperation Organization. The following lines of activities have been identified:

  • corporate leasing providing for proposals for advanced innovative leasing solutions, upgrading leasing transactions on purchasing railway wagons, aircraft, equipment and automobiles;
  • retail leasing (for small and medium-sized enterprises except for natural entities): expanding a range of affordable and service friendly leasing programs to purchase cars, trucks and commercial vehicles, special machinery and equipment, optimizing decision-making process, simplifying registration procedures.

Top priority is to be given to expanding and diversifying a range of instruments for raising financial resources on international and domestic capital markets (syndicated loans, bond issues, credit notes, trade financing) as well as to increasing average financing periods and reducing financing costs. The parties also intend to focus on developing joint programs with manufacturers of leasing subjects for its key customers.

 

Press Office of Vnesheconombank
Phone: +7 (499) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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Vnesheconombank and the Sverdlovsk Region Administration Intend to Create a Network of Engineering Centers

11 july 2013 года
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In the course of the INNOPROM-2013 International Industrial Fair in the city of Yekaterinburg, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Sverdlovsk region Administration entered into an Agreement on Cooperation.

On behalf of Vnesheconombank the Agreement was signed by Deputy Chairman Anatoly Ballo and on behalf of the Sverdlovsk region Administration – by Governor Evgeny Kuivashev.

The Agreement provides for promoting long-term cooperation in implementing investment projects and programs in the innovation and high-technology sector on the region’s territory and it would also help to create a network of technological centers that have a range of required resources.

The creation of new competitive business-structures in the form of engineering centers on the Sverdlovsk region’s territory would make it possible to deeper concentrate on developing new high-technology products in the top-priority sectors of the Russian economy as well as create new jobs.

As part of the Agreement the parties agreed to assist in preparing and funding investment projects and programs in establishing and developing engineering centers.

 

Press Office of Vnesheconombank
Phone: +7 (499) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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