VEB Searching for a Partner

Vnesheconombank (VEB) is looking for a partner to participate in establishment of a Post Bank. VEB is ready to give him 25 to 50 percent in the project.

VEB bought Svyaz-Bank, suffered during the crisis, in autumn 2008. The RF has spent about $ 2.5 billion on its salvation.

The decision to create a Post Bank on the basis of Svyaz Bank and Post of Russia, which has 42,000 offices in Russia, VEB adopted in December.
Among the requirements for the partner bank VEB has prescribed 

- a satisfactory financial condition,

- rating not lower than "B3" by Moody's and "B" from S & P / Fitch,

- willingness to participate in the financial capital of the Post Bank in the amount not less than 25 percent but not more than 50 percent ,

- availability of advanced information technology platform. 

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