On Refinancing Russian Companies’ Obligations to Foreign Financial Institutions

21 ноября 2008 года
#Новости
Назад

Vnesheconombank’s Supervisory Board considered issues of refinancing Russian companies’ obligations to foreign financial institutions with an aim of implementing Federal Law dated 13.10.2008 N 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation”.

The Supervisory Board approved Vnesheconombank’s participation in refinancing a number of transactions of companies operating in the metal mining industry and microelectronics, the operation of which is of great socio-economic importance to the Russian Federation, with these transactions being worth about 2 billion US dollars.

Thus, the total amount of transactions approved by the Supervisory Board in refinancing real- sector companies’ foreign obligations is about 10 billion US dollars.

 

Origin: Press Office of Vnesheconombank
Contact person: Ekaterina Karasina
Phone: +7 (495) 608-45-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

Назад

Vnesheconombank Starts to Refinance Russian Companies’ Debt Obligations to Foreign Financial Institutions

31 октября 2008 года
#Новости
Назад

Under Federal Law dated October 13, 2008 N 173-FZ “On Additional Measures for Supporting the Financial System of the Russian Federation” and pursuant to decisions taken by the Supervisory Board, Vnesheconombank started to refinance Russian companies’ debt obligations to foreign financial institutions. Funds in the total amount of 7.8 billion US dollars have been allocated to a number of companies in the fuel and energy complex, smelting industry, construction sector, transport and communications industries.

 

Origin: Press Office of Vnesheconombank

Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34

E-mail: press@veb.ru

Назад

On Changes in Russian Development Bank Supervisory Board

31 октября 2008 года
#Новости
Назад

State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ made a decision to early terminate powers of members of the Russian Development Bank Supervisory Board.

By the same decision, Vnesheconombank elected a new Supervisory Board of the Russian Development Bank. The Supervisory Board is comprised of: Management Board Member, Vnesheconombank Deputy Chairman S.P. Lykov, Management Board Member Vnesheconombank Deputy Chairman A.P. Zabaznov, Vnesheconombank’s Financial Institutions Department Director A.V. Zelenov, Russian Development Bank Management Board Chairman S.P Krjukov as well as President of the Russian Non-Governmental Organization of Small and Medium Business OPORA ROSSII S.R. Borisov

OJSC The Russian Development Bank was founded in 1999. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ owns 100 percent of the Russian Development Bank’s shares.

 

Origin: Press Office of Vnesheconombank
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
E-mail: press@veb.ru

Назад

On Approving Transaction to Acquire 99% of CJSC Commercial Bank Globex’s Shares

27 октября 2008 года
#Новости
Назад

In order to further stabilize Russia’s banking sector, Vnesheconombank’s Supervisory Board approved the transaction to acquire 99% of CJSC Commercial Bank Globex’s shares.

 

As agreed with the Government of the Russian Federation, the Central Bank of Russia is to allocate 2 billion US dollars in the form of deposit for a period of one year to Vnesheconombank to support Bank Globex.

 

Vnesheconombank took prompt and necessary actions to get Bank Globex operating without fail again. Globex’s priority obligations have been fulfilled in full. The developed plan to rescue the Bank will make it possible in the near future to restore its position as one of major reliable financial institutions.

 

About 80 thousand customers and depositors of Globex will be absolutely guaranteed that the Bank will continue to fulfill all its obligations to them.

 

In the most immediate future, Bank Globex’s management will be strengthened with highly qualified managers. In particular, the Central Bank of Russia is considering Vitaly Vavilin’s candidacy. He was recommended by Vnesheconombank for the post of Globex President. Vitaly Vavilin was for a long time head of the National Trade Bank (Tolyatti) and Vnesheconombank is this Bank’s shareholder.

 

 

Origin: Press Office of Vnesheconombank

Phone: +7 (495) 608- 46-93, Fax: +7 (499) 975-21-34

E-mail: press@veb.ru

Назад

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