The amount in settlement and deposit accounts with the EDB exceeds US $440 million

04 March 2020

Moscow, 4 March 2020. The amount in settlement and deposit accounts opened with the Eurasian Development Bank (EDB) currently exceeds US $440 million. Andrey Beliyaninov, Chairman of the EDB’s Management Board, told this at a lecture for Finance Faculty students of Plekhanov Russian University of Economics.

The EDB offered maintenance of corporate settlement accounts and deposits – a unique service among development banks – in 2018. Over sixty clients opened accounts with the Bank last year.

During a question and answer session with the students who asked about whether the Bank financed start-up projects, Andrey Beliyaninov said that it pursued a conservative approach to such initiatives. He noted, however, that the Bank was considering the possibility to extend pre-project funds through its Technical Assistance Fund.

The students also asked about how they could do internships or get jobs at the EDB. Andrey Beliyaninov invited all those who wanted to do so to send their CVs to the Bank and noted that it had already had a positive experience in working with the students of Plekhanov University. Andrey Beliyaninov also suggested that students should do internships at real sector enterprises in the EAEU countries.

Andrey Beliyaninov heads the Financial Markets Academic Department at Plekhanov Russian University of Economics and serves as the deputy chair of the Fund of Trustees and the Alumni Association of the same university. He holds PhDs in economics and political science and is a graduate of the Plekhanov Moscow Institute of the National Economy, as Plekhanov Russian University of Economics was known earlier.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)  

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

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