Vnesheconombank Intends to Create Analogue of a Credit Histories Bureau for Projects that Received Support of Development Institutions
In the course of the Moscow International Forum “Open Innovations” Vnesheconombank, OJSC The Russian Venture Company, OJSC ROSNANO, OJSC SME Bank, the Small Enterprises Support Fund in Scientific and Technical Sphere, the Moscow Interbank Currency Exchange MICEX RTS, the Skolkovo Foundation, the Russian Foundation for Technological Development (RFTD) an the Strategic Initiatives Agency signed an agreement on organizing information exchange.
The agreement provides for regulating a process of transferring information on the results of considering investment projects between the said parties including providing information on expert examinations of projects, marketing and other research activities.
The parties are sure that the agreement’s implementation would make it possible to create an analogue of a credit histories bureau for projects that received support of development institutions and avoid overlapping expert examinations and as a result to speed up decision-making on supporting projects that are moving to next stages of innovative lift.
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Vnesheconombank to Participate in Extending Syndicated Loan to Ecuador’s Company
In the course of the Ecuadorian President’s formal visit to Russia in the presence of the Russian President Vladimir Putin and Ecuadorian President Rafael Correa Delgado Vnesheconombank, CJSC ROSEXIMBANK (Vnesheconombank Group), GPB (OJSC) and Company EMPRESA PUBLICA ESTRATEGICA CORPORACION ELECTRICA DEL ECUADOR EP (the Republic of Ecuador) entered into a credit agreement.
Under the agreement the banks are to extend credit facilities for a total amount of up to 195.2 million U.S. dollars for a period of 14 years to the Ecuadorian Company.
Vnesheconombank is to act as a major creditor and its participation share is to amount to 140 million U.S. dollars. CJSC ROSEXIMBANK is to act as a paying agent.
The credit facilities will be used to fund expenses associated with constructing, supplying, installing and commissioning a gas turbo generator, introducing a combined cycle at thermal power station “Termo Machala” (El Oro Province) and building electric energy infrastructure under the agreement concluded in July of 2013 between LLC INTER RAO-Export and Company EMPRESA PUBLICA ESTRATEGICA CORPORACION ELECTRICA DEL ECUADOR EP.
The project’s implementation would help to stimulate manufacturing and export of Russian high-technology products as well as enhance economic, scientific-technical and trade cooperation between the Russian Federation and the Republic of Ecuador.
Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru