August 30, 2014 7:26 AM ET


Company Overview of Vnesheconombank

Company Overview

Vnesheconombank, a state corporation, provides banking and other financial services in the Russian Federation. The company funds and supports investment projects and industrial exports through credits, guarantees and sureties, participation in economic entities’ authorized capitals, leasing transactions, insurance of export credits, and financial and guarantee support for exports. It also offers support services for top-priority industries; assists in regional development; cooperates with international financial institutions to provide joint financing; and provides training in investment projects. In addition, the company acts as an agent for the government in the areas of government foreign...

Akademika Sakharova Prospekt, 9

Moscow,  107996


Founded in 1924


7 4957 21 18 63


7 4957 21 92 91

Key Executives for Vnesheconombank

Head of Internal Control Service Press Office
Chief Accountant and Member of the Management Board
Age: 59
Director of Banking Security
Chairman of Management Board and Member of Supervisory Board
Age: 61
Deputy Chairman of Management Board
Age: 62
Compensation as of Fiscal Year 2014.

Vnesheconombank Key Developments

Vnesheconombank expected to report Q2 2014 results on August 29, 2014. This event was calculated by Capital IQ (Created on August 23, 2014).

Vnesheconombank expected to report Q2 2014 results on August 29, 2014. This event was calculated by Capital IQ (Created on August 23, 2014).

Vnesheconombank Reports Earnings Results for the First Half Year Ended June 2014

Vnesheconombank reported earnings results for the first half year ended June 2014. For the period, the company saw net profit to Russian Accounting Standards (RAS) fall 70% year-on-year to RUB 2.98 billion from RUB 9.85 billion. The company had net loss of RUB 12.3 billion from transactions in foreign currencies and currency revaluations. Interest income jumped 16.1% to Rub 74.9 billion.

Vnesheconombank Appoints Andrei Klepach as Deputy Chairman

Andrei Klepach has resigned as deputy economic development minister and been appointed deputy chairman of Vnesheconombank (VEB). The company told that Klepach would be the state development corporation's chief economist. The position of chief economist is a one at VEB and arose with the appointment of Klepach, who was responsible at the Econ Ministry for macroeconomic forecasting. Klepach was head of the then Economic Development and Trade Ministry's Macroeconomic Forecasting Department between 2004 and 2008. He became deputy economic development and trade minister responsible for forecasting, the development of economic sectors, strategic planning and budgeting in February 2008 and deputy economic development minister in June that year.

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