Banks

The European Investment Bank (EIB) today signed a EUR 116m loan with El Corte Inglés at a ceremony in Madrid. This financing will help the Spanish company to implement its digital transformation project.

The Government of the Republic of Belarus, Development Bank of the Republic of Belarus, Vnesheconombank, Belvnesheconombank (Bank BelVEB, the VEB Group) and ROSEXIMBANK entered into a Memorandum of Intent to create an Integration Development Platform.

ADB is providing a $5 million policy-based grant to help Samoa strengthen its fiscal resilience and improve Samoa’s macroeconomic stability.

Vnesheconombank and PAO KAMAZ signed a memorandum of cooperation in implementing the export strategy (Naberezhnye Chelny, the Republic of Tatarstan).

ADB has approved a $198 million loan to help upgrade and widen 77 kilometers (km) of the existing Karshi-Shakhrisabz-Kitab highway in Kashkadarya province, southeast of Uzbekistan.

PrivatBank has signed a treaty with one of the world's leading financial institutions JPMorgan Chase Bank that will expand customer possibilities in international trade.

Representatives of the ADB, Government of Australia, National Department of Health participated in an opening ceremony for the Alkena Community Health Post built under the multidevelopment partner-funded, Rural Primary Health Services Delivery Project.

Sberbank today announces the signing of a $100 mln seven-year venture loan agreement for Gett (formerly GetTaxi), a rapidly-growing global on-demand mobility company with a presence in Russia, the US, UK and Israel.

Vnesheconombank (VEB), JSC Sukhoi Civil Aircraft (SCA) and Superjet International S.p.A (SJI) met in CityJet's headquarters in Dublin (Ireland) to enter into a Memorandum of Cooperation for financing Sukhoi Superjet 100 supplies.

Russian banking sector is under transition to structural liquidity surplus, that is, to the situation when banks are interested in placing excess liquidity with the Bank of Russia.

According to estimates made by the provisional administration, the value of the assets of Bank DIB does not exceed 10.7 billion rubles, while the value of its liabilities to creditors totals 38 billion rubles.