The EDB and Gazprombank sign a cooperation agreement
Sochi, 15 February 2018. The Eurasian Development Bank (EDB) and Gazprombank signed a cooperation agreement to fulfil promising projects and promote business cooperation between Russia and other EDB member countries.
The document was executed at the 17th International Investment Forum “Sochi 2018” by Andrey Beliyaninov, Chairman of the EDB Management Board, and Andrey Akimov, Chairman of the Management Board at Gazprombank.
It sets forth key areas of cooperation such as project finance and investment lending, financing for infrastructure projects, including PPP projects, and financing of the reconstruction/upgrade and construction of electric power facilities.
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.
Gazprombank is one of Russia’s largest universal financial institutions delivering a wide range of banking, financial, investment products and services to corporate and private clients, financial institutions, and institutional and private investors. The bank is among the top three banks in Russia measured by key performance indicators and is the third largest bank in Central and Eastern Europe in terms of equity.
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