18 Mar 2013 18:04

VEB supervisory board approves limit increase for VTB, Sberbank, SME Bank - Dmitriev

GORKI. March 18 (Interfax) - The supervisory board of Vnesheconombank (VEB) has approved increasing the limits for several banks, VEB Chairman Vladimir Dmitriev said at a Monday briefing following a supervisory board meeting.

"We considered the matter of increasing the limits for several bank residents. These are VTB , SME Bank and Sberbank of Russia ," he said.

In addition, the supervisory board confirmed Ernst & Young as the auditor for VEB subsidiary Export Insurance Agency of Russia (EXIAR).