In the course of Russian Prime Minister Vladimir Putin’s visit to the French Republic, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and the BNP Paribas Group (France) signed a Memorandum of Understanding.
On behalf of Vnesheconombank the Memorandum was signed by Vnesheconombank Chairman Vladimir Dmitriev, on behalf of BNP Paribas – by Advisor to the Chairman Jean Lemierre.
The Memorandum states the parties’ intention to participate in financing projects in energy infrastructure and in housing and communal services infrastructure.
Under the Memorandum, BNP Paribas intends to participate in financing the project aimed at building Gas Turbine Electric Power Plant Molzhaninovka in the city of Moscow and a sludge incineration plant of treatment facilities in the city of Rostov-on-Don.
This Memorandum was signed to build on the Framework Credit Agreement on Financing Investment Projects in the Russian Federation concluded earlier.
BNP Paribas is a leader in banking and financial services in Europe and according to Standard &Poors’ classification it is one of the six most sustainable banks in the world. The BNP Paribas Group is represented in 83 countries in the world. The number of employees working for BNP Paribas is 205,000, with 165, 000 employees working in Europe, 20,800 – in North and South America, 10,500 - in Asia. The Group is the leader in three significant lines of activity: corporate and investment banking services, retail banking services, investment consulting. BNP Paribas is operating in all lines of business in Europe. France, Italy, Belgium and Luxemburg are the Group’s internal markets for retail banking services.
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
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