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On Suspending Accepting Applications for Obtaining Subordinated Loans

5 october 2009 года
#News
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Subject to Federal Law dated October 13, 2008 № 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation” State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ is responsible for extending subordinated loans to Russian lending institutions.

The total amount of such loans was determined by Federal Law dated July 17, 2008 № 168-FZ and is 410 billion rubles.

Vnesheconombank’s Supervisory Board made decisions on extending subordinated loans to 17 banks for a total amount of 391.8 billion rubles. At present, Vnesheconombank is considering 20 applications for a total amount of 95.02 billion rubles.

In this connection, Vnesheconombank suspends accepting Russian banks’ new applications for obtaining subordinated loans.

 

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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