Chairman of the Management Board of Gazprombank Andrey Akimov and General Director of RUSNANO Anatoly Chubais have signed a memorandum of cooperation.
The document sets forth the primary areas of cooperation between RUSNANO and Gazprombank:
Gazprombank has expressed willingness to organize long-term credit (up to ten years) for the corporation under guarantees from the Government of the Russian Federation. The Bank is also prepared to set a credit limit for RUSNANO in the amount of 20 billion rubles. Moreover, Gazprombank will consider extending loans of up to ten billion rubles for as long as seven-year terms to companies implementing nanotechnology projects. It will, as well, consider allocation of funds for acquisition of foreign equipment for up to five billion rubles using guarantees from export credit agencies and with the surety pledge of the corporation. Finally, Gazprombank will consider making equity investments of up to five billion rubles in project companies.
RUSNANO, for its part, has announced that it intends to use, on a competitive basis, the financial consulting services of the bank whenever the corporation is involved in structurally complicated deals, organizes syndicated financing, issues infrastructure bonds, and arranges project financing using other long-term instruments.
In furtherance of the memorandum, the bank and the corporation have established a working group, with representatives from both sides, to oversee collaboration in specific projects.
Gazprombank (Open Joint-Stock Company) is one of the leaders of the banking sector, which key performance indicators place the Bank among the top three banks of Russia and the fifth among the largest banks of the Central and Eastern Europe. .
Gazprombank as universal financial institution delivers a wide range of banking and investment services to about 43,000 corporate and 2 million private clients.
At present, Gazprombank operates 8 subsidiary and affiliated banks in Russia, Belarus, Armenia and Switzerland, representative offices in China and Mongolia, and 42 own branches across Russia.
Gazprombank was twice awarded by The Banker Magazine as “The Bank of the Year in Russia” in 2001 and 2005.
Russian Corporation of Nanotechnologies (RUSNANO) was established in 2007 with the major strategic goal of fostering the development of innovative processes in the field of nanotechnologies through their commercialization. It aims to do this by acting as a co-investor in nanotechnology projects likely to make a significant economic or social impact. Creating the innovative environment, RUSNANO helps to develop nanotech infrastructure and supports education of industry professionals. To assist the Russian nanotech industry to strengthen its international links and advance to the global market, RUSNANO develops partnerships with the world’s leading nanotechnology centers and organizes the annual Nanotechnology International Forum in Russia.
The management bodies of RUSNANO are the Supervisory Council, the Executive Board, and the Chief Executive Officer. In September 2008 Anatoly Chubais was appointed CEO of the Russian Corporation of Nanotechnologies.
By January 2010 the Supervisory Council of the corporation has approved financing of 61 projects with total funding of 192.8 bln rubles of which RUSNANO will finance 91 bln rubles.
To learn more about RUSNANO and/or to submit your project for investment consideration please visit our website www.rusnano.com
