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Vnesheconombank, VTB Bank (Austria) AG, Gazprombank, CJSC Roseximbank to Extend a Credit to Angola’s Finance Ministry

31 march 2011 года
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State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’, VTB Bank (Austria) AG, Gazprombank, CJSC Roseximbank and the Republic of Angola represented by the Angolan Finance Ministry entered into a Credit Agreement.

Under the Agreement the banks are extend credit resources for a total amount of 278.46 million US dollars for a period of 13 years.

CJSC Roseximbank acted as an arranger of the credit, VTB bank (Austria) AG – as an agent.

The credit resources are to be used for funding supplies of Russia’s telecommunications equipment to the Republic of Angola under the export contract between Rosoboronexport and the Angolan Ministry of Telecommunications and Information Technologies to build a space satellite communications and broadcasting system of the Republic of Angola (the Angosat project).

This Agreement was signed to build on the Memorandum of Understanding signed in June of 2009 between Vnesheconombank, OJSC Bank VTB, CJSC Roseximbank, the Angolan Finance Ministry and the Angolan Ministry of Telecommunications and Information Technologies.

The Angosat project’s implementation would help to boost high technology production in Russia, promote Russia’s industrial exports in African countries as well as enhance the development of economic scientific and trade cooperation between the Russian Federation and the Republic of Angola.

 

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

Press Office of Bank VTB
Phone: (495) 783-17-17
Fax: (495) 783-18-95
E-mail: pr@vtb.ru

Gazprombank Department of Information Policy
Phone: +7 (495) 332 77 81
+7 (495) 719 15 50

CJSC Roseximbank
Phone: (499) 246-89-89, Fax: (499) 246-37-88
E-mail: mailbox@eximbank.ru


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