Alfa Bank said on Thursday that it was selected as a supporting financial institution for investment projects planned by the Russian Federation.
At the end of December, an interdepartmental commission from the Ministry of Economic Development met to discuss which domestic and international banks and financiers would be optimal to partner with as it pursues its investment projects throughout the federation.
Under the program, the bank will provide financing opportunities to companies in the private sector within certain sectors that have been deemed a priority for development and economic recovery purposes.
Alfa Bank will be providing a full range of its normal banking services to these companies as well.
Alfa Bank Senior Vice President and Chief Managing Director of Corporate Business Fedor Sapronov said this solidifies the bank's status as one of Russia's leading financial institutions and that the federation has confidence in the bank's success.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme