sustainable development: strategic focus and practical results adfiap november 2014...
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Sustainable Development: Strategic Focus and Practical Results
ADFIAP
November 2014
19.04.23 Основные принципы деятельности Внешэкономбанк 1
Vnesheconombank / /
VEB Profile
VEB is a driving force to ensure economic development and private investments in Russia
ADFIAP, Nov14 Sustainable Development: Strategic Focus and Practical Results 2
Lending to top priority industries which are of strategic importance in Russia Support for national infrastructure projects Subordinated loans to Russian banks SME support program Attracting direct investments via co-investment mechanisms through equity
funds
Export credit finance, insurance and guarantees (heavy machinery, high tech, equipment, etc.)
Co-operation agreements with all major export credit agencies and export-import banks
First Russian ECA established – VEB subsidiary with RUB 30bn in charter capital. All liabilities of the company guaranteed by the State
Government debt management Government financial asset management Pension fund management with dominant market share in Russia Support of the Russian economy during 2008-2009
Investment and Development
Export Support
Agent of the State
Vnesheconombank / /
VEB: Time-proven Agent of Russian State
Over 90 years of fruitful history in the Russian financial market
3
1922Russian Commercial Bank (renamed as Vneshtorgbank of the USSR) was the only bank entrusted with servicing export-import transactions and foreign currency transactions
1997
1999
2003
2007
2008
2009
2010
2011
2012-2014
VEB solely responsible for the “London Club” and “Paris Club” restructuring processes
VEB appointed as the agent for managing the Russian State Pension Fund assets
In June 2007 VEB became a state bank for development. Internal procedures and mandate based on KfW model Loan portfolio at that time was US$9.3bn
VEB acted as an agent of the Russian Government to provide anti-crisis support to the Russian economy
Anti-crisis measures completed, focus shifting back to development functions. Large pipeline of investment projects with focus on sustainable development reaching almost US$32bn
First Russian export credit agency (EXIAR) and Russian Direct Investment Fund established (100% VEB subsidiaries)
VEB is focused on expanding of development portfolio
ADFIAP, Nov14 Sustainable Development: Strategic Focus and Practical Results
Vnesheconombank / /
VEB Contribution to Sustainable Development
Sustainable Development: Strategic Focus and Practical Results 4
VEB is focused on sustainable development and maximization of environmental, social-economic & innovation effect in project implementation
PROJECTS
FINANCING APPROVED FOR
$116 bn
$70 bn
$46 bn
TOTAL PROJECTS VALUE
VEB PARTICIPATION
EXPECTED BUDGET EFFICIENCY
NUMBER OF PROJECTS
VEB PARTICIPATION
EXPECTED BUDGET EFFICIENCY
TOTAL PROJECTS VALUE
VEB PARTICIPATION
PROJECTS
2013:FINANCING APPROVED FOR
NEW WORKPLACES
NEW WORKPLACES
$13 bn $8 bn
$9 bn$24 bn
$24 bn
$8
Innovative projects
Energy efficiency
Rational use of natural resources
Environmental protection
Olympic projects
ADFIAP, Nov14
Vnesheconombank / /
Corporate & Social Responsibility
Sustainable Development: Strategic Focus and Practical Results 5
VEB has a unique strategic opportunity to carry principles of corporate & social responsibility into business masses
VNESHECONOMBANK – NATIONAL DEVELOPMENT BANKVNESHECONOMBANK – NATIONAL DEVELOPMENT BANK
MAIN PRINCIPLES IN CORPORATE & SOCIAL RESPONSIBILITY
SOCIAL RESPONSIBILITY
December 2011: VEB joinedUnited NationsGlobal Compact
DISCLOSURE & TRANSPARENCY
SOCIAL RESPONSIBILITY
PRIORITY - SOCIAL &
ECOLOGICAL PROJECTS
COMPLIENCE TO IFOs BEST
PRACTICES
INCREASING EFFICIENCY OF VEB
SOCIAL & ECOLOGICAL ACTIVITY & BUSINESS
ETHICS
INCREASING CORPORATE & SOCIAL
RESPONSIBILITY OF RUSSIAN COMPANIES &
VEB GROUP
VEB & PARTNERS:CONFIDENCE
ENHANCEMENT
ADFIAP, Nov14
Vnesheconombank / /
Clubs & Association
Sustainable Development: Strategic Focus and Practical Results 6
VEB actively participates in various unions of development institutions
WFDFIEOSD
ADFIAP, Nov14
SCO IBC
Vnesheconombank / /
IDFC Profile
The International Development Finance Club (IDFC) is a network of 23 leading development finance institutions with mandates for national, sub-regional, regional and international activities around the world
In 2013, 20 Members had total assets of more than USD 2,000 billion (World Bank Group: USD 576 billion). The total commitments of the IDFC Members added up to approximately USD 430 billion (World Bank Group: USD 53 billion)
The IDFC members have a successful and measurable track record of integrating climate change issues and related risks into their development mandates
Sustainable Development: Strategic Focus and Practical Results 7ADFIAP, Nov14
Vnesheconombank / /
Development Strategy 2015-2020
Sustainable Development: Strategic Focus and Practical Results 8ADFIAP, Nov14
Growth of project portfolio from $41 billion to $73 billion
Focus on infrastructure, innovations, energy efficiency and green financing
Integration of principles of sustainable development, social responsibility and best practices
Preparation and implementation of road-map of sustainable development
As of 16 October 2014 a new development strategy was approved
2124 24 25
414147
5154
74
0
20
40
60
80
2014 2015 2016 2017 2021U
SD b
n
Sustainable development projectsLoan Portfolio
Projected Loan portfolio, 2014-2021Key objectives
CONTACT DATA
State Corporation «Bank for Development and Foreign Economic Affairs (Vnesheconombank)» 9, Academic Sakharov ave., Moscow, RussiaStructured and Debt Finance Department
Anna LvovaEmail: [email protected]
19.04.23 Основные принципы деятельности Внешэкономбанк 9