VEB.RF and Russian Direct Investment Fund to Support Cutting Edge IT Financial Solutions for Wide Range of Investors

7 june 2019 года
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VEB.RF signed an Agreement for cooperation in the joint implementation and development of robo-advising and ETF project (Robo+ETF) with FinEx, an international investment group, at the St. Petersburg International Economic Forum.

The Agreement gives VEB.RF, the Russian Direct Investment Fund (RDIF, Russia’s sovereign fund) and co-investors an opportunity to make contributions to the equity of Robo+ETF in the total amount up to one billion roubles, and to carry out marketing and educational programs to promote robo-advising to private and institutional investors in Russia and abroad. FinEx launched Robo+ETF in 2012 as an ETF platform and the first robo-adviser in Russia. Today MICEX lists 14 ETFs with different underlying assets varying from national stock indices to gold and bonds.

“These solutions make it possible to bring together B2B2C platform technologies, Russian and international financial instruments, adapt business practices to different partners and counter parties, unleash export potential of Russian digital products. VEB.RF is also considering the use of financial solutions by the Group and other development institutions to expand its investment offer. In particular, DOM.RF plans to launch the first ETF in Russia with Russian mortgage bonds as the underlying asset,” VEB.RF’s Deputy Chairman Alexey Ivanchenko said.

“Innovative financial products coupled with cutting edge IT solutions make FinEx Robo+ETF project attractive for many of RDIF's international partners,” RDIF’s First Deputy CEO Tagir Sitdekov said. According to Mr. Sitdekov, RDIF will become not only a financial but also a strategic partner of the project taking into account worldwide interest in ETF and robo-advising.

“A partnership with two leading Russian development institutions with extensive international ties is a milestone for us. This partnership opens unique business growth opportunities in Russia and abroad,” FinEx Investment Management Senior Partner Oleg Yankelev said. According to Mr. Yankelev, FinEX team offers a product which efficiently solves issues of small investors in most of the emerging countries, therefore FinEx believes that the product will be in demand not only in Russia but also in Asia and CIS countries.

VEB.RF is a state development corporation. In partnership with commercial banks and investors, VEB.RF is involved in national projects designed to support high value-added manufacturing, non-resource exports, urban agglomeration and infrastructure development. VEB.RF coordinates activities of the largest national development institutions: Russian Export Center, DOM.RF, RSMB Corporation, the Far East and Baikal Region Development Fund, MONOGORODA.RF.

About the Russian Direct Investment Fund

The Russian Direct Investment Fund (RDIF) was founded in June 2011 to make equity investments mainly in Russia jointly with major foreign financial and strategic investors. RDIF is an accelerator of direct investment in the Russian economy. RDIF invested jointly with foreign partners more than RUB1.5tn in more than 70 successful projects in 95% of Russian regions. RDIF’s portfolio companies employ more than 700,000 people and their annual revenue makes 5% of Russia’s GDP. RDIF entered into strategic partnerships with leading international co-investors from more than 15 countries for the total amount of more than USD40bn. For more information please visit: www.rdif.ru

About FinEx, international financial group

International financial group FinEx was founded in 2004. FinEx has offices in London and Moscow. FinEx is a successful developer of different investment products and solutions based on in-house technologies. The parent company FinEx Investment Management LLP is located in London (Great Britain). Today the FinEx Group comprises a robo-advising platform, ETFs for every kind of investors, private equity and private banking services.

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VEB.RF and International Bank for Economic Co-operation Agree to Jointly Finance Export-Import Operations

7 june 2019 года
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VEB.RF and the International Bank for Economic Co-operation (IBEC) signed a cooperation agreement.

The document was signed on behalf of VEB.RF by its Deputy Chairman Daniil Algulyan and on behalf of IBEC by its Chairman of the Board Denis Ivanov.

The parties agreed to cooperate in export and trade financing as well as to implement investment projects both in Russia and in other IBEC member states.

IBEC member states are: the Republic of Bulgaria, the Socialist Republic of Vietnam, Mongolia, the Republic of Poland, the Russian Federation, Romania, the Slovak Republic, and the Czech Republic.

“Today we and our partners from the International Bank for Economic Co-operation are defining priority areas and the pipeline of projects,” Daniil Algulyan said.

“I am convinced that the partnership between VEB.RF as the largest Russian development institution and IBEC as an international development institution will help unlock significant potential of our organizations in facilitating the development of the eight IBEC member states through the implementation of joint projects, development of exports and integration of companies into global value chains,” Denis Ivanov said.

The financial institutions intend to use the following export and trade financing loan and documentary tools for the implementation of projects:

  • documentary letters of credit, guarantees, bank-to-bank reimbursement arrangements;
  • trade loans for trade financing, including pre-export, post-export, pre-import, and post-import financing;
  • participation in syndicated loans in areas that meet the interests of the parties;
  • financing of foreign economic operations against the coverage by ECAs;
  • factoring and forfeiting.

In addition the parties agreed to exchange information related to the export and trade financing banking services in IBEC member states.

The International Bank for Economic Co-operation is an international finance institution established in 1963. IBEC is operating as per an intergovernmental Agreement registered with the UN Secretariat. IBEC main activities are aimed at lending financial support to foreign trade operations of companies residing in IBEC member states as well as supporting small and medium enterprises which create added value and aspire to enter new markets; and facilitating integration into global value chains, increased use of technology, improved energy and resource efficiency of production and services, and boosting competitiveness in accordance with priorities of social and economic development of IBEC member states.

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VEB.RF and Stroyproyektholding Agree to Create Largest Infrastructure Financing and Construction Player

7 june 2019 года
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VEB.RF and Stroyproyektholding agreed to create a joint venture, the largest player on the infrastructure financing and construction market.

The signing ceremony of the Memorandum of understanding, goals and principles of the joint venture at the St. Petersburg International Economic Forum was attended by VEB.RF’s Chairman Igor Shuvalov.

Under the planned agreement, VEB.RF will possess a 50% stake in the JV. The agreement to form an alliance between infrastructure construction companies and the financial development institution will bring significant synergy effects, including projects financing support, entry to international markets, project structuring competencies. The agreement will create a platform enabling active engagement in the national projects to fulfil transport and urban infrastructure development goals.

The parties consider expanding the joint venture competencies to cover other areas of infrastructure construction, namely construction of energy, shipping and rail road infrastructure. The joint venture is interested in the assets of the largest players in these areas of business: TEK Mosenergo, Trest Gidromontazh, the 1520 Group of Companies etc.

“We analysed international integrated infrastructure companies’ best practices and can make a conclusion that a joint venture will be an efficient tool to achieve an infrastructure breakthrough in the Russian Federation; this joint venture may benefit from significant competitive advantages on the international markets as it will bring together the leaders in design, construction and operation of complex infrastructure facilities and the State Development Corporation VEB.RF’s tangible financial resources and project financing structuring experience,” VEB.RF’s First Deputy Chairman and Member of the Management Board Nikolay Tsekhomsky said.

“Participation in this project is advantageous from all angles. First, we are expanding our opportunities: team’s lessons learnt will be useful in more cases. Second, approved by the parties partnership pattern creates new process equipment upgrade opportunities, ways to procure state-of-the-art machinery, which will make it possible to master cutting edge technologies,” Stroyproyektholding’s Executive Director Alexey Spiridonov emphasized.

The joint venture participants considered Stroyproyektholding’s complex infrastructure projects design and construction experience and VEB.RF’s infrastructure projects financing experience and came to a conclusion that both parties are a perfect match to complement each other’s key competencies to become a leader on the complex infrastructure financing and construction market: HR, experienced and highly qualified management, management systems, supply chains, requisite financial resources, engineering and production capacities, know-how and unique technologies for the Russian market.

VEB.RF is a state development corporation. In partnership with commercial banks and investors, VEB.RF is involved in national projects designed to support high value-added manufacturing, non-resource exports, urban agglomeration and infrastructure development. VEB.RF coordinates activities of the largest national development institutions: Russian Export Center, DOM.RF, RSMB Corporation, the Far East and Baikal Region Development Fund, MONOGORODA.RF.

Stroyproyektholding LLC a holding company with a single member A.R. Rotenberg established in 2014. Stroyproyektholding owns 100% shares in TFK Finance JSC, the majority shareholder of Mostotrest PJSC.

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VEB-Leasing and Philips Announce Partnership in Medical Equipment Leasing

7 june 2019 года
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On June 7 at the St. Petersburg International Economic Forum, VEB-Leasing and Philips announced partnership in medical equipment leasing.   The partnership is aimed at increasing medical services accessibility and quality in Russia.

АО VEB-Leasing (part of the VEB Group) and Philips agreed to cooperate in medical equipment leasing. The respective agreement was signed by VEB-Leasing’s General Director Artyom Dovlatov and Philips’ General Director for Russia and CIS Maxim Kuznetsov on June 7 at the St. Petersburg International Economic Forum. The agreement aims to create better and more flexible conditions for procurement of high-technology medical equipment by public and private healthcare centres and to create more development and upgrade opportunities for the Russian healthcare.

During the signing ceremony the parties expressed their interest in a long-term partnership for procurement and leasing of medical equipment such as angiography systems, CT and MRI scanners, cardiography systems, fibrillation devices, IT solutions and other technologies in Philips’ portfolio.

VEB-Leasing has extensive experience in the implementation of different social projects. “We welcome the partnership with Philips, one of the leading healthcare solutions providers. We hope that our concerted effort will enable a massive medical equipment upgrade campaign in health centres all across the country. The financial lease will make it possible to upgrade equipment regularly so that patients will benefit from cutting edge diagnostics medical technology,” VEB-Leasing’s General Director Artyom Dovlatov said.

Today the financial lease is becoming one of the most efficient solutions for procurement of the state-of-the-art medical equipment. The financial lease enables health centres to timely carry out equipment upgrades on better conditions which promotes development and enhancement of the Russian health care quality. We hope that together with VEB-Leasing we will ensure timely delivery of internationally recognized equipment to Russian health centres. We also hope that Philips’ service support, which may be included into the leasing contract, will guarantee failure free operation of medical equipment,” Philips’ General Director for Russia and CIS Maxim Kuznetsov said.

VEB-Leasing is part of the VEB Group. The Company’s core business is related to leases of modern aircraft, high-technology equipment, railway vehicles, sea and river vessels, motor vehicles and special-purpose equipment. As specified in the Memorandum on Financial Policies, one of VEB.RF’s priorities is contributing to Russia’s economic development by providing lease financing, delivering big infrastructure projects, growing urban economy, including development of transportation systems, upgrade of housing and public utilities.

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Headquartered in the Netherlands, Philips generated 2018 sales of healthcare solutions in the amount of EUR18.1 billion. Philips employs 77,000 people in more than 100 countries. For more news about Philips please visit http://www.philips.ru/newscenter.

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VEB Leasing, NUETI and Nissan Sign Cooperation Agreement on Urban Infrastructure Development

7 june 2019 года
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During the St. Petersburg International Economic Forum 2019, VEB Leasing, New Urban Environment and Transport Infrastructure (NUETI) (a member of Mail.ru Group) and Nissan Manufacturing RUS entered into a cooperation agreement. The agreement was signed by VEB Leasing’s Director General Artyom Dovlatov, NUETI’s Chairman of the Board and Mail.ru Group’s (Russia) Director General Boris Dobrodeev, and Nissan Manufacturing RUS’s Director General Igor Boitsov. The signing ceremony took place in the presence of VEB.RF’s Chairman Igor Shuvalov.

The agreement was signed under a joint project to develop a new urban infrastructure and services for households on the basis of “online to offline” projects. The first project stage involved the parties’ cooperation in the car sharing service. Initially VEB Leasing financed manufacturing of 250 Nissan Qashqai vehicles of Russian origin. The joint project provides for the delivery of up to 10,000 Nissan Qashqai cars during the year.

“The creation of a comfortable urban environment is a priority for VEB.RF Group. Car sharing is an essential modern urban service along with public transport. It is important for car sharing to be promoted in regions thus helping to create a favourable transport infrastructure,” VEB.RF’s Deputy Chairman and VEB Leasing’s Director General Artyom Dovlatov commented.

“Mail.ru Group strives to satisfy all customer needs in digitalisation. The range of digital services currently includes online access to offline services. The cooperation will become a logical development of our presence in the transport services market. We expect that this project will contribute to creating a comfortable urban environment through seamless online access to car sharing,” NUETI’s Chairman of the Board and Mail.ru Group’s Director General Boris Dobrodeev commented.

“We are witnessing rapid changes in the automotive market, particularly in terms of car ownership culture in Russia. Car sharing becomes more and more popular in big cities and is actively developing in regions. Nissan is keen on involving in the development of new transportation systems in modern Russian cities and on being fully aware of amendments in the automotive market,” Nissan Manufacturing RUS’s Director General Igor Boitsov said.

VEB-Leasing is part of VEB Group. The Company’s core business is related to leases of modern aircraft, high-technology equipment, railway vehicles, sea and river vessels, motor vehicles and special-purpose equipment. As specified in the Memorandum on Financial Policies, one of VEB.RF’s priorities is contributing to Russia’s economic development by providing lease financing, delivering big infrastructure projects, growing urban economy, including development of transportation systems, upgrade of housing and public utilities.

Nissan’s activities in Russia

The company has been operating in Russia since 2004. In 2018, Nissan Group manufactured 106,138 models in Russia under the Nissan, Infiniti and Datsun brands (the same output year-on-year). The total market share was 5.9%.

In 2018 the company put several new brands on the Russian market (Nissan X-Trail, Infiniti QX50, Infiniti QX 80), achieved an unprecedented increase in output in its Saint Petersburg plant, and developed and upgraded the dealer network. At the beginning of 2019 a new Nissan Qashqai model came on the Russian market.

Russia is currently among the few countries in the world to manufacture all the three Nissan brands.   

In 2018, 80,925 Nissan vehicles were sold in the Russian market (a 6.5% increase year-on-year).

Every Nissan vehicle is covered by the manufacturer’s New Vehicle Warranty for 3 years or 100,000 km, whichever comes first, if the vehicle parts or components prove defective in materials or workmanship, excluding those not covered by the Warranty. Such Warranty shall be valid in Russia, CIS countries and Europe. Nissan vehicles are further protected with a 6- or 12-year anti-corrosion warranty (based on a vehicle model) irrespective of mileage. Nissan offers its customers post-warranty maintenance under the Nissan Service 3+ programme.

Datsun

In March 2012, Nissan MotorCo., Ltd. announced the re-launch of its Datsun brand, the company’s third global brand along with Nissan and INFINITI. With its brand-new Datsun the company will target optimistic active car-buyers in the emerging markets who are interested in state-of-the-art, reliable and affordable vehicles.   In Russia the re-born Datsun was presented in 2014 and after three months of sales demonstrated impressive results making in December the top twenty most popular car brands in the country. Datsun has made its Russian debut with all-new on-DO sedan and mi-DO hatchback. In 2018, 20,559 Datsun vehicles were sold in the Russian market, with the company’s market share reaching 1.1%.

INFINITI

Russia became the first European country to welcome the luxury INFINITI brand initially exported to the North-American market. Official sales started in Russia in October 2006. From January through December 2018, the Infiniti brand sold 4,654 vehicles in the Russian market.

Please find more details about the vehicles and services on the company’s website:

Company information in Russian for media at:

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