As the national development bank of the Russian Federation, Vnesheconombank seeks to boost the competitive edge of the Russian economy and modernise it through innovations. The Bank finances major investment projects that contribute to the sustainable social and economic development of Russia. Driven by the market principles of operation, the Bank assumes the responsibility for its profits and losses, but does not compete against commercial lending institutions. We get involved only in those projects that have no access to private investment.
Acting as a development bank
Vnesheconombank’s operations are governed by Federal Law No. 82-FZ “On Bank for Development” dated 17 May 2007. The key investment and financial areas and performance indicators of the Bank are set out in the Memorandum on Financial Policies of State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”. In its operations, Vnesheconombank is guided by the national interests and policies approved by the Russian Government.
As the state financial institution for development, Vnesheconombank is seeking to promote sustainable growth of the Russian economy, environmental improvements and social welfare. The Bank also focuses on fostering the sustainability concept at the national level and demonstrates through its own example that these efforts are extremely beneficial.
Impeccable business standing, both domestically and internationally, is a key to Vnesheconombank’s successful performance. The Bank ranks among the top national financial development institutions across the globe. Vnesheconombank has been assigned ratings by the Big Three international rating agencies: Standard & Poor`s, Fitch and Moody`s.
TOP 10 financial development institutions by total asset value (FY2013)
Relations with international financial institutions
Vnesheconombank is involved in the activities of major international financial institutions and represents the interests of the Russian financial sector abroad by supporting the preparation of international sectoral standards. By developing its relations with leading international financial institutions, Vnesheconombank channels large-scale foreign investment into the Russian economy to deliver the country’s strategic investment projects.