VEB has set a goal in 2015 to halve the losses – Interfax

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Moscow. April 30th. INTERFAX.RU – Vnesheconombank expects in 2015 to halve the loss compared to last year, when it recorded a negative financial result of 250 billion rubles due to the increased cost of Ukrainian risks and “Olympic” construction, said the TV channel “ Russia 24 “head of state corporation Vladimir Dmitriev.

Dmitriev said that VEB, as well as the entire banking sector, in 2014, he worked in a worsening economic crisis , narrowing opportunities for borrowing due to sanctions, the growth of credit rates and the devaluation of the ruble.

In addition to the enormous costs of reserves affected by Vnesheconombank loss from revaluation of securities and foreign currency position revision. “The transaction related to entering the capital of the company” Sukhoi “, which was implemented in support of the Russian aircraft industry and in particular the Sukhoi Superjet, has also led to a negative revaluation of more than 15 billion rubles,” – said Dmitriev.

“Otfiksirovav loss for 2014, we, nevertheless, plan their activities so as to actively working with the credit portfolio quality and improve our work with bad debts, lower this result (loss) by half by the end of this year”, – he added.

State measures for recapitalization VEB in 2014, according to Dmitriev, created a “safety cushion confident, but we can not relax.”

Vnesheconombank performs the functions of the state management company (SMC) on trust management of pension savings approximate volume of 2 trillion rubles. “We are now actively engaged in the discussion of the future of our pension system, and, of course, for us it would be preferable if canceled in 2014 contributions to the funded part was returned to the pension system, in particular in the state management company,” – said Dmitriev.

If the proposals VEB will be heard and implemented, the GAM will be a year in my portfolio about 340 billion long-term money, which will be invested in the real sector of the Russian economy, he said. In previous years, due to such long resources VEB redeemed bonds of large Russian companies, including Russian Railways.

Dmitriev also said that the results of the investment of pension funds managed by VEB in the first quarter of 2015 will be significantly better than last year.