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Vnesheconombank raises credit worth 80 million euros from WestLB AG, London Branch

24 may 2011 года
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State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and WestLB AG, London Branch (WestLB) signed an Agreement on extending a credit worth 80 million euros to Vnesheconombank.  Under the Agreement the credit line is to be used to fund the real economy, specifically, to fund the project aimed at creating a home building factory to construct prefabricated reinforced-concrete buildings in the Rostov region, with the project being implemented by LLC Irdon.

WestLB AG – is a European commercial bank with a focus on business in Northern Rhine Westphalia, Germany’s largest Federal state. As of December 31, 2010, the Bank’s total assets amounted to € 191.5 billion. The Bank is one of the most important financial institutions of Germany.

 

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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