The EDB and Moscow Industrial Bank agree on cooperation
St. Petersburg, 25 May 2018. Andrey Beliyaninov, Chairman of the Management Board at the Eurasian Development Bank (EDB), and Abubakar Arsamakov, President of Moscow Industrial Bank, signed a cooperation agreement at the St. Petersburg International Economic Forum.
The financial institutions agreed to share information about projects under consideration, especially those that require several parties to participate in their financing. The banks will develop joint models to finance promising projects, including with the involvement of third parties. They also envision cooperation in the area of trade and export finance.
“We see Moscow Industrial Bank as a reliable partner in financing small and medium-sized enterprises. The projects we consider in the first place are those that can be incorporated in the value chains of the EDB member states,” Andrey Beliyaninov, head of the EDB, said.
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)