Tuesday 05, June 2018 by Kudakwashe

Russian bank VEB opens in Abu Dhabi

Vnesheconombank (VEB), a Russian development bank has opened its representative office in Abu Dhabi.


VEB's representative office is now ready to operate having obtained all necessary permits, a commercial licence and a registration certificate.

The bank will work closely with the Organisation of Islamic Cooperation (OIC). VEB 's OIC export loan and guarantee portfolio stands at $2.8 billion

"Vnesheconombank has been actively cooperating with the United Arab Emirates and the Middle East, and the Islamic world as a whole. We are working to engage investors, raise finance, enhance trade and foster greater economic ties, and also to promote high-technology exports from Russia," says Igor Shuvalov, Chairman of Vnesheconombank, TradeArabia reported.


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