Banks

The rates have been cut by up to 4 pps.

The EIB has granted CEPSA a EUR 70 million loan to finance projects designed to optimise the company’s aromatics production process at its refineries in San Roque (Cadiz) and Palos de la Frontera (Huelva) and Huelva.

ADB returned to the US dollar bond market with the pricing of a $4 billion 3-year global benchmark bond issue, proceeds of which will be part of ADB’s ordinary capital resources.

Shareholders have approved VTB Bank’s Annual Report and the Annual Financial Statements for 2016 and the following profit allocations for 2016.

ADB has backed Singapore’s Sunseap Group’s project to build Cambodia’s first large-scale solar power project under a long-term agreement with Electricité Du Cambodge.

ADB annual operations exceeded the $30 billion mark for the first time in its 50-year history last year as regional demand for development finance and knowledge — particularly on infrastructure — continues to grow.

ADB has approved an $80 million loan for the electrification of 145 kilometers (km) of railway in Uzbekistan, linking the cities of Pap, Namangan, and Andijan. 

ADB has appointed Xiaohong Yang as new Country Director for Pakistan. Ms. Yang, who assumed office on April 24, 2017, is the first woman to head ADB’s resident mission to the country.

The Chairman of Vnesheconombank Sergey Gorkov has joined the Supervisory Board of the Agency for Strategic Initiatives (ASI). The order was signed by the Chairman of the Russian Government Dmitry Medvedev.