OREANDA-NEWS. State Corporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and ING Bank N.V. London (The Netherlands) entered into a credit agreement for a period of 5 years.

The funds provided by ING Bank N.V. in the amount of 70 million euros will be used by Vnesheconombank to finance an investment project in the agricultural sector.

ING Bank N.V. is a member of the international financial corporation ING Group – a global company of Dutch origin with 150-year history which provides a wide range of financial services including banking and insurance ones as well as trust management services in more than 50 countries of the world. In terms of market capitalization ING Group is among the largest five companies. In Russia ING Group is represented by ING BANK (EURASIA) CJSC), which is involved in various types of funding of and lending to investment projects of the largest Russian companies.