Today, on November 26, State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheeconombank)’ and OJSC Russian Agricultural Bank (OJSC Rosselkhozbank) entered into an Agreement on Cooperation.
The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and OJSC Rosselkhozbank Management Board Chairman Yury Trushin.
This Agreement aims to join efforts of the two sides in increasing their capabilities and enhancing efficiency in financing and implementing projects and programs of national significance.
Under the Agreement the two sides intend to participate in implementing investment projects, among other things, through share participation in their financing, issuing bonds, eurobonds and raising syndicated loans.
The two sides are also determined to promote cooperation in providing financial assistance to small and medium-sized businesses, with this assistance being provided by Vnesheconombank through the Russian Development Bank.
OJSC Rosselkhozbank was founded in 2000. The Bank’s core activities are to affordably qualitatively and efficiently meet the needs of Russia’ agricultural commodity producers and rural population for banking products and services and to assist actively in developing and operating a modern national credit and financial system in the Russian agroindustrial sector as well as to support the development of Russia’s agroindustrial complex and rural territories.
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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