VEB Expects to Post $966 Million Net Income in 2010, RIA Says

VEB, Russia’s development bank, expects to post 2010 net income of about 30 billion rubles ($966 million), RIA Novosti said, citing comments Chairman Vladimir Dmitriev made to reporters in Moscow.

VEB borrowed more than $5 billion from foreign markets and issued 25 million rubles of bonds this year, the government said on its website.

To contact the reporter on this story: Anastasia Ustinova in St. Petersburg at austinova@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.