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Russian bank VEB needs to be recapitalized says PM: report
March 14, 2014 / 12:11 PM / 4 years ago

Russian bank VEB needs to be recapitalized says PM: report

MOSCOW (Reuters) - Russian state-owned development bank Vnesheconombank, or VEB, needs to be recapitalized in order to fund housebuilding projects, Russian Prime Minister Dmitry Medvedev said, according to RIA news agency.

“We have to decide about capitalization, the question only is in which form and how,” RIA quoted Medvedev saying.

Reporting by Elizabeth Piper, writing by Megan Davies, editing by Katya Golubkova

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