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

Dec. 7 (Bloomberg) -- 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

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