OREANDA-NEWS. December 20, 2007. Vnesheconombank and Belvnesheconombank signed an agreement in Minsk providing for a USD 30 million six-year-tenor subordinated credit facility to Belvn, reported the press-centre of Belvnesheconombank.

“This loan will enable the Bank to build up its resources and increase lending to clients that are of interest both for Belvnesheconombank and its main shareholder, Vnesheconombank”, noted Mr. Vladimir Dmitriev, Chairman of the State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” during the signing ceremony.

The State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, Moscow, acquired a controlling stake in Belvnesheconombank in 2007.