197022, Санкт-Петербург, Аптекарская набережная, дом 20, литера А, офис 801
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197022, St. Petersburg, Aptekarskaya embankment, building 20, letter A, office 801
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Vnesheconombank
About the client
The Development Bank works to enhance the competitiveness of the Russian economy, its diversification and stimulate investment activities.
Vnesheconombank is not a commercial bank, its activities are regulated by special Law No. 82-FZ "On Bank for Development", which came into force on June 4, 2007.
VEB does not compete with commercial credit organizations and participates only in those projects that cannot be financed by private investors. According to the memorandum on financial policy,
Vnesheconombank provides loans, guarantees and sureties for projects with a payback period exceeding 5 years and a total cost of more than RUB 2 billion.
At present, Vnesheconombank Group* has been formed; it unites VEB's subsidiaries whose activities are aimed at implementing one or another provision of the Law "On the Development Bank".
*This definition has no legal status and does not coincide with the definition of "banking group" or "financial and industrial group" under Russian legislation.
Vnesheconombank is not a commercial bank, its activities are regulated by special Law No. 82-FZ "On Bank for Development", which came into force on June 4, 2007.
VEB does not compete with commercial credit organizations and participates only in those projects that cannot be financed by private investors. According to the memorandum on financial policy,
Vnesheconombank provides loans, guarantees and sureties for projects with a payback period exceeding 5 years and a total cost of more than RUB 2 billion.
At present, Vnesheconombank Group* has been formed; it unites VEB's subsidiaries whose activities are aimed at implementing one or another provision of the Law "On the Development Bank".
*This definition has no legal status and does not coincide with the definition of "banking group" or "financial and industrial group" under Russian legislation.
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