OREANDA-NEWS. On November 26, 2008 Russian Agricultural Bank and State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” entered into the Cooperation Agreement, reported the press-centre of Russian Agricultural Bank.

The Agreement was signed by Chairman of the Board and CEO of Russian Agricultural Bank Yuri V. Trushin and Chairman of Vnesheconombank Vladimir A. Dmitriev.

The Cooperation Agreement is aimed at integrating the banks efforts on expanding the possibilities and upgrading efficiency of financing and implementation of federal projects and programs.

As specified in the Agreement, RAB and Vnesheconombank intend to jointly finance investment projects implementation by means of bonds and Eurobonds issues and syndicated loans.

The Agreement stimulates the development of cooperation between RAB and Vnesheconombank in the area of SME’s financing, realized by Vnesheconombank through JSC “Russian Bank for Development”.