State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and OJSC Joint Stock Bank “Russia” entered into an Agreement on Cooperation. The Agreement was signed by Vnesheconombank Chairman Vladimir Dmitriev and OJSC Joint Stock Bank “Russia” Board Director Dmitry Lebedev.
The Agreement aims to establish long-term cooperation between the two sides on Russian and international financial markets.
Under the Agreement the two sides intend to participate in implementing investment projects meeting the requirements of the Bank for Development’s Memorandum on Financial Policy, among other things, by raising syndicated credits, using other forms of financing including bond and bill issues and granting guarantees against projects aimed at supporting Russian exporters of industrial products and services as well as conducting expert’s examination and offering investment consulting services.
The implementation of the Agreement will help promote mutually beneficial partnership and financial and economic cooperation between the two institutions.
OJSC Joint Stock Bank “Russia” was established in 1990, has an international credit rating assigned by the Fitch Ratings Agency at B-. The Bank participates in the deposit insurance system. The Bank gives high priority to a long-term financing of investment projects and to lending corporate customers.
Origin: Press Office of Vnesheconombank
Contact person: Svetlana Nikitina
Phone: +7 (495) 608-46-93, Fax: +7 (495) 975-21-34
E-mail: press@veb.ru
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