VEB’s $3.3Bln From Funds

08 February 2010 | Issue 4326

Vneshekonombank made 100 billion rubles ($3.3 billion) from investing money from one of the country’s two sovereign wealth funds, chief executive Vladimir Dmitriyev said, RIA-Novosti reported.

The bank got 175 billion rubles from the National Welfare Fund in 2008 and will use the returns to support mortgage lending, infrastructure projects and “investors,” Dmitriyev told President Dmitry Medvedev.

(Bloomberg)

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VEB’s $3.3Bln From Funds

Comments via Facebook

Rostec Signs Deal for Small Aircraft Localization

Wheels: Jaguar Can't Match Citroen's Spacious New Sedan

Russia Starts Delivering $1Bln Arms Package to Azerbaijan

SPB Court Tears Down Gazprom Skyscraper Plans

8 Scandals From the St. Pete Forum (Photos)

Developers Set Up Lobby to Promote Their Interests

VEB’s $3.3Bln From Funds