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Belvnesheconombank, VEB-Leasing to set up new leasing company in Belarus

Belarus-based OJSC Belvnesheconombank and Russian company VEB-Leasing JSC decided to jointly set up a new leasing company, OOO BelVEBLeasing.

Belvnesheconombank will have a 49% stake in the new Belarusian leasing company, the lender said March 2, adding that it already received the relevant consent of the Belarusian central bank to participate in the project.

Both Belvnesheconombank and VEB-Leasing are units of Russian state-owned development lender Vnesheconombank.