VEB.RF (formerly Vnesheconombank, VEB, Bank for Development and Foreign Economic Affairs) is used by the Russian government to support and develop the Russian economy, to manage Russian state debts and pension funds. The Bank is commonly called the Russian Development Bank, although it refers to itself as the state corporation «Bank for Development and Foreign Economic Affairs».
In partnership with commercial banks, VEB.RF provides financing for large-scale projects to develop the country’s infrastructure, industrial production and social sphere, strengthen its technological potential and improve quality of life.
HQ: Moscow, Russia
Founded: 1988
ID: 1271. Updated: 27.04.2020
- Head office: Akademika Sakharova Prospekt, 9, Moscow, GSP-6, 107996
- Phone: +7 (495) 604-66-90
- Fax: +7 (499) 975-21-43
- SWIFT: BFEARUMM
- Key people: Igor Shuvalov (Chairman)
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