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VEB’s overall credit portfolio exceeds one trillion rubles in 2013

March 06, 2014, 18:13 UTC+3 GORKI
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GORKI, March 06. /ITAR-TASS/. Vnesheconombank (VEB) overall credit portfolio grew by one third to exceed one trillion rubles (around $27.7 billion) in 2013, Russian Prime Minister Dmitry Medvedev said at the first 2014 meeting of the VEB Supervisory Board in a state residence outside Moscow on Thursday.

“Overall credit portfolio of the bank went up by one third to exceed one trillion rubles in 2013,” Medvedev said.

The prime minister added that “in general, the bank has developed even quicker than it was planned and specific amount of crediting had been reached already in the beginning of 2013.” The premier elaborated that this was mainly linked “with those events that were expected to take place or are taking place now, primarily this is the Olympics.” “Tomorrow (on Friday) the Paralympic Games will already start,” Medvedev said, noting that VEB is the main creditor of Olympic construction.

“Despite the fact that these issues were given much time and there were many debates, in any case, without pulsing and timely funding these sophisticated projects would hardly be fulfilled,” the prime minister said, thanking VEB staff for the work done.

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