Today, on November 24, in the course of Russian President Dmitry Medvedev’s formal visit to the Republic of Peru, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the Peru National Bank (Banco de la Nacion) entered into a Memorandum on Cooperation.
This Memorandum provides for promoting partner relations between the two banks to service Russian-Peruvian trade, economic, investment and technical cooperation and would help create favorable conditions for enhancing trade and economic ties between Russia and Peru.
Under the Memorandum the two sides are determined to provide financial and banking services for bilateral trade contracts and investment projects aimed at boosting export-oriented industries of the two countries.
The Peru National Bank is a 100% state-owned bank of the Republic of Peru. The Bank specializes in providing services to state-owned enterprises and organizations and their employees as well as to private-sector companies involved in implementing government programs.
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
On Refinancing Russian Companies’ Obligations to Foreign Financial Institutions
Vnesheconombank’s Supervisory Board considered issues of refinancing Russian companies’ obligations to foreign financial institutions with an aim of implementing Federal Law dated 13.10.2008 N 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation”.
The Supervisory Board approved Vnesheconombank’s participation in refinancing a number of transactions of companies operating in the metal mining industry and microelectronics, the operation of which is of great socio-economic importance to the Russian Federation, with these transactions being worth about 2 billion US dollars.
Thus, the total amount of transactions approved by the Supervisory Board in refinancing real- sector companies’ foreign obligations is about 10 billion US dollars.
Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-45-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru