The EDB and REGION Leasing intend to run major joint investment projects

05 September 2019

Vladivostok, 5 September 2019. The Eurasian Development Bank (EDB) and REGION Leasing, a member of the REGION Group of Companies – one of Russia’s largest private investment holdings, intend to jointly prepare and implement projects in priority economic sectors. The respective memorandum was signed on 5 September in Vladivostok at the Eastern Economic Forum by Vsevolod Smakov, Member of the Management Board and Head of the EDB’s Energy and Industry Block, and Rustem Mukhamedov, General Director of REGION Leasing.

“The memorandum is fully in line with the objectives we at the Eurasian Development Bank set today. The industries listed in the memorandum are our key areas of operation. We hope that this is just the first step in our cooperation with REGION Leasing and that we’ll soon announce interesting joint projects,” Vsevolod Smakov commented.

“REGION Leasing and the Eurasian Development Bank are the companies that focus on development projects – the breakthrough ones with high competitive potential. We will aim our joint efforts at solving large-scale investment tasks using the leasing mechanism in the oil and gas, environmental, mechanical engineering, agricultural and other key economic sectors in the Eurasian Economic Union’s countries. It is also important that, in addition to a business result, our work can produce an integration effect by enhancing business and infrastructure connectivity between the EAEU member states. We are confident that this strategic partnership will be of benefit to all – our corporate clients, the national economies, the state, and people,” Rustem Mukhamedov added.

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 REGION Group of Companies founded in 1995 has grown into one of Russia’s largest private investment holdings offering key financial services and comprehensive support to its corporate clients and institutional investors. The Group comprises the REGION Broker Company, the REGION Asset Management, AM REGION Invest and REGION Development management companies, the REGION Depositary Company, REGION Leasing, RUSNARBANK, and the UGORIA Group of Insurance Companies, among others.

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)          

pressa@eabr.org

www.eabr.org

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