On Agreement between Vnesheconombank and Altai Territory Administration
Today, on December 12, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Altai Territory Administration signed a Cooperation Agreement.
On behalf of Vnesheconombank the Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and on behalf of the Altai Territory Administration - by Governor Alexandr Karlin.
The Agreement aims to establish strategic partnership and promote long-term effective cooperation between the parties in investment activity.
Under the Agreement the parties intend to cooperate in financing investment projects, implementation of which is planned in the Altai Territory. A list of projects is to be made annually on the basis of the region’s socio-economic development priorities. The parties plan to give top priority to projects in the agricultural complex and pharmaceutics as well as to supporting small and medium-sized business in the region.
The implementation of this Agreement would help address issues of the region’s socio-economic development and boost its economic and industrial potential.
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
Vnesheconombank’s Supervisory Board approved Vnesheconombank’s participation in refinancing a number of transactions by oil and gas complex enterprises and OJSC Bank VTB, the operation of which are of great socio-economic importance to the Russian Federation, in the total amount of 2 billon US dollars.
At present, the total amount of transactions approved by the Supervisory Board in refinancing foreign debt obligations of non-credit real sector enterprises and a credit institution responsible for financing the real sector of the economy is 11.8 billion US dollars.
The Supervisory Board also approved the first transactions in extending subordinated loan facilities to Russian banks. Thus, Vnesheconombank started to implement certain provisions of Federal Law dated 13.10.2008 N 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation”.
Subordinated loan facilities in the total amount of 17.1 billion rubles are being extended to Russian credit institutions operating actively in the real sector of the economy: Alfa-Bank - in the amount of 10.2 billion rubles, Nomos-Bank – 4.9 billion rubles, the Khanty-Mansi Bank – 2.0 billion rubles
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