The Eurasian Development Bank (EDB) and Rosbank signed a KZT 10 billion loan facility agreement to finance lease transactions of Rosbank’s clients.

The agreement was signed on 29 November 2019 in Moscow at the EDB’s 14th Annual International Conference on Eurasian Economic Integration by Dmitry Ladikov-Roev, Member of the Management Board and Managing Director for Assets and Liabilities at the EDB, and Sergey Kozelkov, Senior Vice President and Director of Financial Institutions at Rosbank.

Under the project, Rosbank’s sub-lenders will buy cars in Kazakhstan to provide them into operational lease to legal entities and individuals.

“For the Eurasian Development Bank, this agreement is an important landmark as financing will be extended in the national currency of Kazakhstan where Rosbank’s clients operate. Financing projects in national currencies is a priority for the EDB as it helps to avoid additional risks and costs associated with mutual settlements. In addition, the project will be run in the financial sector, which is one of the Bank’s investment priorities,” commented Dmitry Ladikov-Roev.

“The development of products and the provision of best terms for our clients has always been Rosbank’s strategic priority. We are happy to expand our cooperation with such a reputable intergovernmental financial institution as the EDB and sure that our joint project will help to advance Kazakhstan’s lease market and strengthen economic ties between our countries,” said Sergey Kozelkov.

Additional Information:

The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.

Rosbank is a member of the Societe Generale international financial group, offering a full range of banking services. The Group’s strategy is to improve services for its clients, maintain leadership in innovation, capture growth through business development, increase synergies among its departments, and deliver sustainable profitability.

Rosbank provides services to over 4 million clients in 70 regions of Russia. Its regional network consists of around 320 outlets and over 26,000 ATMs, including 1,800 Rosbank’s own ATMs. Rosbank has been listed by the Bank of Russia among eleven credit institutions of systemic importance.

Rosbank holds the highest credits ratings from the AKRA national rating agency, at AAA (RU), and the Expert RA national rating agency, at ruAAA. It also holds ratings from Fitch Ratings (BBB) and Moody’s Investors Service (Baa3). Rosbank was listed among Russia’s top three reliable banks by Forbes. It won the Bank of the Year award from Banki.ru (February 2018), as well as Digital Communications Awards 2019. In 2018, Frank RG named Rosbank’s L’Hermitage Private Banking among the top three Best Private Banking Client Services in Russia. Rosbank also won the Best CSR Bank in Russia nomination, having got the Global Banking and Finance Awards 2018 from the Global Banking and Finance Review magazine.

Read more at www.rosbank.ru.

The EDB Media Centre:

Alexander Savelyev +7 (985) 765 23 59 (Moscow)

Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)

Sergey Gorbachev +7 (916) 727 22 00 (Moscow)

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