Assets of Development Bank Being Established Are Estimated at 700 Billion Rubles Says VEB Chairman

KRASNOYARSK, February 16, 2007-RIA Novosti. Assets of a Development Bank being established on the basis of Vnesheconombank (VEB), the Russian Development Bank, and Roseximbank are now estimated at 700 billion rubles, VEB Chairman Vladimir Dmitriev said on Friday.

Speaking at the Krasnoyarsk Economic Forum Dmitriev said that the Development Bank’s capital would amount to no less than 70 billion rubles without borrowed funds.

According to him, the Bank will be engaged in financing major investment projects in the regions.

RIA Novosti, 2007

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