Vnesheconombank is a State Corporation performing functions of the Bank for Development. It operates to diversify the Russian economy, boost its competitive edge and encourage the inflow of investments. Vnesheconombank funds major investment projects aimed at removing economic growth infrastructure restrictions. VEB does not compete with commercial credit institutions and participates only in those projects that are not capable of receiving private investors’ financing. Under the Memorandum of the Bank’s Financial Policies Vnesheconombank is to extend credits and guarantees for projects payback periods of which exceed 5 years and a total value is more than 2 billion rubles. In 2010, two projects in which Vnesheconombank participated, namely, modernization of the Khabarovsk refinery and construction of a polypropylene manufacturing complex in Tobolsk received the Deal of the year Award of the Trade Finance Magazine incorporated in the Euromoney plc publishing group. These projects were implemented on the principle of export-import and project financing through raising (up to 10 and 13 years respectively) financing from a syndicate of foreign banks against the coverage of foreign export insurance agencies. In 2011, the Bank’s loan portfolio amounted to almost 500 billion rubles. Under the Bank’s new strategy it is to increase to 850 billion rubles by 2015 and the proportion of innovation projects is to amount to 20%.
View Top Employees from VnesheconombankWebsite | http://www.veb.ru/ |
Revenue | $14 million |
Employees | 283 (283 on RocketReach) |
Founded | 1922 |
Address | 9 Prospekt Akademika Sakharova, Moscow, Moscow 107996, RU |
Phone | +7 495 721-18-63 |
Fax | +7 495 721-92-91 |
Industry | Banking, Fund major investment projects, Finance, Support small and medium-sized enterprises, Support Russian exporters, Assist in raising direct foreign investments for Russia, Funding investment projects aimed at modernizing mono-cities |
Web Rank | 6 Million |
Keywords | Development Bank, Investment Banking Services, Financial Institution, State-Owned Bank, Project Financing, Infrastructure |
NAICS | NAICS Code 5221 Companies, NAICS Code 522110 Companies, NAICS Code 52211 Companies, NAICS Code 52 Companies, NAICS Code 522 Companies |
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The Vnesheconombank annual revenue was $14 million in 2024.
Konstantin Grinfeld is the Vice President of Vnesheconombank.
283 people are employed at Vnesheconombank.
Vnesheconombank is based in Moscow, Moscow.
The NAICS codes for Vnesheconombank are [5221, 522110, 52211, 52, 522].