OREANDA-NEWS. A meeting of the Working Group on Monitoring the Implementation of the Joint Action Plan of Vnesheconombank Group and the Government of the Rostov region for the Comprehensive Development of the Region's Territory for a Period of 2013-2018 was held at Vnesheconombank on May 20, 2014 under the chairmanship of Deputy Chairman Irina Makieva.

In the attendance of the meeting held in the format of a videoconference were also heads of core subdivisions of the regional government, Vnesheconombank's employees as well as employees of VEB's subsidiary institutions and initiators of investment projects.

The meeting's participants discussed the results of the Joint Action Plan's implementation in the 4th quarter of 2013 and the 1st quarter of 2014, the progress of considering projects being examined at Vnesheconombank s well as promising projects on the territory of the Rostov region. The Working Group also identified main lines of further cooperation in credit-investment activity, dealt with issues of enhancing public private partnership, providing support for small and medium-sized as well as mono-cities of the Rostov region.

As of today, 11investment projects of the Rostov region for a total amount of 63.8 billion rubles with the Bank's potential participation worth 49.5 billion rubles are at various stages of consideration and implementation at Vnesheconombank.

Subsidiary banks' loan portfolio amounted to 6.4 billion rubles (CJSC GLOBEXBANK -5.181 billion rubles, OJSC Svyaz-Bank - 1.181 billion rubles). Since the start of 2014, the amount of funds extended to the regions' enterprises was 3.3 billion rubles (CJSC GLOBEXBANK -2.808 billion rubles, OJSC Svyaz-Bank - 0.479 rubles).

As of April 1, 2014, OJSC VEB-Leasing entered into 188 leasing agreements for a total amount of 308.4 million rubles in the Rostov region.

As of May 12, 2014, a regional limit established for the Rostov region under the program of providing support for small and medium-sized enterprises implemented by Vnesheconombank through its subsidiary SME Bank was 3.4 billion rubles, with the unused balance being 2.1 billion rubles.

The next meeting of Working Group is to be held in the 4th quarter of 2014.

The Working Group was established to monitor the implementation of the Joint Action Plan of Vnesheconombank Group and supreme executive authorities of Russia's constituent entities. The Plan of Joint Action of Vnesheconombank Group and the Government of the Rostov Region for the Comprehensive Development of the Rostov Region's Territory for a Period of 2013-2018 was approved by Vnesheconombank Chairman V. Dmitriev and Rostov region Governor V. Golubev in Sepember of 2013. The Working Group is comprised of Vnesheconombank's representatives and representatives of VEB'ssubsidiary institutions: OJSC the Export Insurance Agency of Russia, the Agency for Strategic Initiatives to Promote New Projects,the Managing Company of the Russian Direct Investment Fund , OJSC Svyaz-Bank, CJSC GLOBEXBANK, OJSC SME Bank, LLC VEB Capital, LLC VEB Engineeing, OJSC the Federal Project Finance Center and OJSC VEB-Leasing.