Vladimir Putin suggested the Bank to increase lending

Written by admin on August 28th, 2009

Prime Minister Vladimir Putin offered the European Bank for Reconstruction and Development to increase lending by changing some rules in the statute.

If you change some of the statutory rules on the ratio between equity capital and the possibility of granting credit, then you can significantly increase the volume of loans at good rates, even without increasing those rates, - Vladimir Putin said at a meeting with EBRD President Thomas Mirow.

We are closely watching the preparations for your new program for Russia in 2010-2012. The Bank is well capitalized and has the opportunity to attract a sufficiently large amount of resources, and at a fairly good conditions, - said Vladimir Putin.

At the same time he stressed that Russia and the bank very good, longstanding relationship. According to Putin, the EBRD has financed projects in Russia more than $ 11 billion, with a very important sectors of the economy. This car - we have in mind and Volkswagen in Kaluga, and Toyota in St. Petersburg - and upgrading power networks in several regions of Russia, and treatment facilities in St. Petersburg - said the Head of Government.

We are pleased with how our relations are developing, - he concluded.

Thomas Mirow, in turn, said that the Bank is prepared to participate actively in the implementation of projects in priority sectors of the economy in Russia.

This is a modernization and improvement of infrastructure. We see huge potential of Russia in the field of energy and energy efficiency. Just consider it necessary to invest in diversification of the economy, - explained the President of the EBRD, and added that as a result of the negotiations that led to the Bank of Railways in the last month, was made a very important step in this direction.
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