VEB, Russia's development bank, leads the way in financing the country's large infrastructure projects and small- and medium-sized business sector.
Development banking, especially to support infrastructure projects, is one of the major growth areas of the Russian economy. The leading financial institution supporting this field for long-term finance is Vnesheconombank (VEB) - which today has a much larger mandate that its early role as an import-export financing bank.
VEB is the only financial institution funded directly by Russia's federal government, Central Bank and National Wealth Fund - with a mission to promote the small- and medium-sized enterprise sector, along with major infrastructure programs. Its loan portfolio should reach almost 1.5 trillion rubles by the end of 2014.
Internationally, VEB works with counterpart economic development banks, multilateral banks and some private investment funds to finance major projects and export initiatives.
Institutional Investor is issuing an exclusive eBook which provides details about VEB's operations and global relationships, and includes video interviews with the bank's chairman, two deputy chairmen, and a management board member who discuss VEB's evolution as a key player in Russia's financial sector, and its growth plans.