VEB-Engineering Company was set up in Vnesheconombank Group as a center of competence on expert examination of engineering –technological solutions, monitoring and management of national investment projects. The company has direct access to the world’s best practices in designing and constructing industrial, civil and infrastructure facilities thanks to its partnership with Canada’s SNC-Lavalin, one of the world’s leading engineering companies.
VEB-Engineering’s core activity is to manage projects in such system-forming sectors of the Russian economy as oil and gas processing, petrochemestry, power engineering and mining industry.

VEB-Capital is involved in managing Vnesheconombank Group’s assets including real property. The company also deals with analyzing investment projects and undertakes broker’s and dealer’s activity.

OJSC VEB-Leasing is a leader in the Russian leasing services market. The company’s net leasing portfolio reached 296.3 billion rubles in 2011. The Company opened 78 regional subdivisions in the largest Russian cities. They render assistance to small and medium-sized enterprises in funding the purchase of automotive transport, special equipment fully implementing Vnesheconombank Group’s strategy designed to provide support for Russia’s small and medium-sized enterprises.

Bank GLOBEX is evolving as a universal commercial bank. The Bank provides credit support to the real economy and small and medium-sized enterprises. In 2011, it increased its loan portfolio of legal entities by 71% to 104 billion rubles and the amount of credits extended to SMEs increased by 49% to 14.4 billion rubles.

OJSC SME Bank is an agent for Vnesheconombank in implementing the Program of Supporting Small and Medium-Sized Enterprises. In the course of this Program’s implementation more than 24 thousand SMEs received funding in the amount of 179 billion rubles, with 118 billion rubles through regional banks and 61 billion rubles through regional SME support infrastructure organizations.

Roseximbank’s main function is to pursue government policy aimed at supporting and encouraging exports of Russian mechanical engineering products. Roseximbank acts as the agent for the Russian Government in extending guarantees to exporters and arranges syndicated loans for importers of Russian products. VEB’s other subsidiary banks can also act as participants in syndicated loans. Syndicated loans can be secured by RF guarantees, sovereign guarantees of countries importing Russian products as well as EXIAR’s insurance commitments.

Svyaz-Bank is an actively developing credit institution involved in providing support for the real economy and stepping up lending to small and medium-sized enterprises. It is assumed that until a decision is taken on establishing a Postal Bank, Svyaz-Bank will expand its business activity in the chosen segment.

The Russian Direct Investment Fund was set up by Vnesheconombank in 2010 to raise capital for the Russian economy from abroad. The Fund’s primary objective is to raise long-term foreign investments for such high-tech sectors as power engineering, oil and gas industry, space exploration, pharmaceutics and etc. For a period of five years the Russian Government is to provide the Fund with funds worth $10 billion to make direct investments in Russia’s leading companies.

The Project Finance Center’s mission is to raise investments on favorable terms for implementing major investment projects in Russia. The Center is involved in making expert financial and economic examination of projects, preparing feasibility studies, raising investments on public private partnership principles and providing consulting and methodological support for government authorities.

The Export Credit Insurance Agency of Russia was established in 2011. Its main objectives are to create favorable conditions for promoting Russian products to foreign markets, minimize financial loss risks upon conducting export transactions as well as to improve conditions for funding exports on the part of Russian banks.

The North Caucasus Development Corporation (OJSC) was created to enhance investment environment in the North Caucasus Federal District through engaging investors and participating in implementing industrial and infrastructure projects on the District’s territory. The Corporation’s mission is to develop successful investment business to encourage economic development of North Caucasian regions.

Vnesheconombank’s foreign subsidiary banks, namely, Belorussian Belvnesheconombank and Ukraine’s Prominvestbank are assisting in providing support for exports of Russian products to Belarus and Ukraine, implementing major joint investment projects and developing economic integration of Russia, Belarus and Ukraine. In November of 2011, an agreement was signed on extending a state export credit worth 10 billion US dollars to the Belarusian Government for the construction of a nuclear power station on the territory of Belarus. Vnesheconombank was appointed agent on the Russian side and Belvnesheconombank – on the Belarusian side for accounting and settlement purposes under the agreement.