On Signing Credit Agreements between Vnesheconombank and Aviaimport S.A.

30 january 2009 года
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Today, on January 30, in the course of Cuban Chairman of the State Council and Council of Ministers Raul Castro’s formal visit to the Russian Federation, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and Cuba’s Company Empresa Cubana Importadora de Aviacion S.A. (Aviaimport S.A.) signed two agreements on opening credit lines for a total amount of 44.55 million US dollars.

In favor of Vnesheconombank, the agreements were signed by acting Vnesheconombank Chairman Nikolai Kosov and in favour of the Cuban party – by Aviaimport S.A. General Representative Orlando Santa Gomes.

The credits are aimed at financing supplies of TU-204SE aircraft and auxiliary equipment under the export contract between Aviaimport S.A. and OJSC Ilyushin Finance Co.

The agreements were signed to support Russian enterprises’ exports and also to implement the agreement on intent of opening credit lines signed in September 2008.

Support for industrial exports is one of Vnesheconombank’s main line of investment activities specified by the Memorandum on the State Corporation’s Financial Policies.

 

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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On Changes in the Composition of OJSC Svyaz-Bank Board of Directors

28 january 2009 года
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On January 22, 2009, an Extraordinary Meeting of Svyaz-Bank’s Shareholders was held in Moscow. The meeting made a decision to early terminate duties of the current Board of Directors members.

The Board of Directors’ new composition is currently as follows: Management Board Member – Vnesheconombank First Deputy Chairman Anatoly Tikhonov, Management Board Member Sergei Lykov, President-Chairman of Svyaz-Bank Management Board Alexandr Zhitnik, OJSC Svyazinvest General Director Alexandr Kiselev, Post of Russia Acting General Director Andrei Manoilo.

OJSC Svyaz-Bank was established in 1991. Bank of Russia General License N 1470. From September 2008, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ has been the principal shareholder of OJSC Svyaz-Bank.

 

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 9495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

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