VEB Launches DataRoom Integrated Information System for Project Finance Factory Participants
In the context of its Project Finance Factory mechanism, Vnesheconombank has developed an official information resource, the DataRoom integrated information system. It provides potential lending syndicate members with access to documents on investment projects selected by VEB for the Project Finance Factory.
Based on the VEB platform, this information system is intended for banks that have entered into agreements on their participation in the Project Finance Factory. Today, such agreements have been signed with thirteen banks.
DataRoom is a digital environment that contains a comprehensive profile of an investment project and enables participating banks to perform its
«From now on, customers are required to present one single set of documents on an investment project — to the lead manager. Any further relationships with the potential lending syndicate members are handled by Vnesheconombank via the digital platform. The integrated information resource enables the partner banks to operate in a shared information environment and, consequently, facilitates communication when reviewing the documents," said First Deputy Chairman of Vnesheconombank Nikolay Tsekhomsky.
To better accommodate the lending syndicate members, the DataRoom Business Administrator via My Account offers online advice on both investment projects and system operation procedures.
The official information resource of the Factory, this new online medium may also serve as an information environment for arranging syndicated loans outside the Factory.
On a
Press Office
In this new position, Daniil Algulyan will be responsible for building Vnesheconombank’s comprehensive product
«Currently, adoption of a new business model is high on Vnesheconombank’s list of priorities. We are moving from a concept of ‘credit monoliner’ to a comprehensive product offer intended to completely satisfy the demand of our partners and customers. Building a new portfolio of financial products is one of Vnesheconombank’s primary objectives, and I am sure that Daniil will prove highly useful for the Bank in his new responsible position. He is able to set ambitious goals and accomplish them," First Deputy Chairman and Member of the Management Board Nikolay Tsekhomsky said.
Daniil has been working at Vnesheconombank since 2013. He has developed Vnesheconombank’s export finance structure. Currently, Vnesheconombank is financing projects in more than 40 countries. Prior to becoming a Deputy Chairman, Daniil headed the International Business, Export and Financial Institutions. A major achievement of his team was implementation of a number of big transactions for raising finance from foreign partners and cooperation projects in the
Daniil Algulyan is a graduate of Moscow State Institute (University) of International Relations under the auspices of the Russian Ministry of Foreign Affairs.
Press Office