OREANDA-NEWS. January 17, 2013. State corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and Deutsche Bank AG, Frankfurt concluded a loan agreement to finance a project for construction of a pig-breeding complex on the territory of Bashkortostan Republic. 
Deutsche Bank AG provided a 7-year facility of up to RUB625 million insured by the German export credit agency Euler Hermes for financing 85% of the German equipment supply contracts and up to 100% of the respective insurance premium.

The facility being the second Ruble-denominated loan insured by Euler Hermes raised by Vnesheconombank establishes a new trend and demonstrates the banks’ role as the pathfinders in the field of ECA-backed transactions in Russia.

The project "Construction of a pig-breeding complex with a capacity of 42 thousand tons in live weight per year in Bashkortostan Republic" is implemented by “Bashkirskaya Meat Company” LLC. The total project value is RUB6.2 billion, with Vnesheconombank’s commitment of RUB4.9 billion.

Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.