 | Bank for Development | |
Vnesheconombank Profile
• Full name: State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”
• Short name – Vnesheconombank
• Place of business (mailing address): 9, Academician Sakharov avenue, GSP-6, Moscow, 107996, the Russian Federation
• Main State Registration Number: 1077711000102
• The date of state registration: June 8, 2007
• The activity of State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” is governed by the Federal law as of May 17, 2007 ¹ 82-FZ “On Bank for Development”, the core business areas and indicators of investment and financial activities of Vnesheconombank are set forth in Memorandum on financial policies approved by the Government of the Russian Federation (Directive of the Government of the Russian Federation #1007-r dd. July 27, 2007)
• State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” holds 100% of the voting shares of the Open Joint-Stock Company “Russian Bank for Development”.
Mission of the “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” is to facilitate modernization and diversification of the economy and enhancing its competitiveness. It will become key element in organization of financing and maintenance of governmental investment projects that will enable to remove infrastructure restrictions impending economic growth and foster innovations.
Vnesheconombank will support Russian exporters entering world markets of goods, jobs and services, will promote efficiency of special economic zones environmental projects, will support small and middle sized business. The Bank will become both an investor and an insurer and a consultant. Vnesheconombank will provide funding to projects which due to their low profitability, high risks and long terms are not attractive for private investors. At the same time its activities will stimulate expansion of private investors in priority industries of the economy and facilitate foreign investments as well.
Basic principles of Vnesheconombank’s activities are absence of competition with commercial financial institutions, publicity and transparency of the investment and financial operations, breakeven, public-private partnership and environmental responsibility.
More information on: http://www.veb.ru/en/
| 
Basic financial results of the past year
