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Russia’s Vnesheconombank plans to increase its credit portfolio

The rates will be about the same

GORKI, May 28 (Itar-Tass) - One of Russia’s biggest banks Vnesheconombank, or VEB, plans to increase its credit portfolio, VEB Chairman Vladimir Dmitriyev told journalists on Tuesday.

“We have serious plans concerning the growth of our credit portfolio. We plan to expand it. The rates will be about the same (as in 2012) but somewhat tight, with due account of the necessity to fund our operations and stay within the capital sufficiency ratio,” he noted.

“What concerns rouble, as well as currency borrowings, we plan to issue both bonds both on the Russia and international capital markets,” Dmitriyev noted. However he did not say when and how much of these bonds are to be issued.

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