October 21, 2014 9:50 PM ET

Banks

Company Overview of State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank)

Company Overview

State Corporation Bank for Development and Foreign Economic Affairs (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 ...

Akademika Sakharova Prospekt, 9

Moscow,  107996

Russia

Founded in 1924

Phone:

7 4957 21 18 63

Fax:

7 4957 21 92 91

Key Executives for State Corporation Bank for Development and Foreign Economic Affairs (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.

State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) Key Developments

VEB And Govt To Sell Stake In Gazprom, Rusal Before 2020

State Corporation Bank for Development and Foreign Economic Affairs ('VEB') and the Russian government will gradually dispose of their stake in Open Joint Stock Company Gazprom (MICEX:GAZP) and United Company RUSAL Plc (SEHK:486) by 2020, VEB's head, Vladimir Dmitriyev, said.

Sberbank and Bank for Development and Foreign Economic Affairs Sign Partnership Agreement to Support Russian Exports

Sberbank and Bank for Development and Foreign Economic Affairs have signed a partnership agreement to support Russian exports. The purpose of the agreement is to create a partnership and develop effective cooperation between the parties on projects that aim to strengthen the export potential of Russian manufacturers of high-tech and innovative industrial products. The agreement will allow Sberbank and VEB to provide optimal financial solutions to strengthen the competitiveness of Russian companies on the global market, as well as expand the possibilities and geography of major projects that require heavy borrowing.

Vnesheconombank Not To Sell Its Stake In RUSAL

State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) is not considering to sell its stake in United Company RUSAL Plc (SEHK:486), Vnesheconombank press service told Interfax on September 23, 2014. "Currently the state-owned company is not considering any decisions concerning the ownership of Vnesheconombank's shares in Rusal," Vnesheconombank said. Rusal shares fell 8.4% on September 23, 2014, on worries that Vnesheconombank would sell its stake.

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To contact State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank), please visit www.veb.ru. Company data is provided by Capital IQ. Please use this form to report any data issues.

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