Wednesday, June 1, 2011

Vnesheconombank will monitor the companies borrowing from the inside

Representatives Vnesheconombank can enter into the governing bodies of the companies granted loans to refinance foreign debts. Told the head of VEB Vladimir Dmitriev. "key private companies, lenders have provided us seats on the board of directors: and Rusal and Norilsk Nickel and Evraz, and PIC. It should be understood that participation in the board of directors for several months, of course, does not provide us complete information about the company. Rather, it is achieved through participation in management, controlling the strategic development, finance, investment, etc. By the way, is now discussing the possibility of introducing representatives of creditors to senior positions in the company, "- said Dmitry in an interview published Wednesday in Kommersant . The head of VEB said that to refinance foreign debts of companies VEB spent a total of 10.58 billion dollars, extending loans to one bank and nine companies. Total to refinance foreign debts of Russian companies were allocated 50 billion dollars. "We have taken on the supervisory board of special document that codified the criteria for selection of borrowers, with him can be found at VEB. We ourselves have never experienced any claims regarding violations of the principle of equal treatment of borrowers, "- said Dmitriev. According to him," commercial banks have become heavily monetary liquidity: about $ 20 billion are non-interest bearing accounts with the Central Bank. " "Therefore, a number of major banks such as Sberbank, Gazprombank, VTB began to be viewed by borrowers as alternative institutions to refinance foreign debt. Other companies have found it possible to follow the path of debt restructuring through a dialogue with western creditors. And in this we see quite the right signal to the market "- said Dmitriev. Bank.ru portal based on RIAN.

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