Banca Intesa willing to invest in Russian Far East

According to the chairman of Banka Intesa Russian Far East possesses great resource potential
Banca Intesa willing to invest in Russian Far East
02 September 16:51 2016 Print This Article

Banca Intesa, a subsidiary bank of the Italian Intesa Sanpaolo, one of the top banking groups in Europe, is interested in financing projects in the agricultural sector of Russia’s Far East, as well as other projects, the chairman of Banca Intesa Antonio Fallico told Sputnik newsagency on Friday.

According to Mr Fallico Russia’s Far East possesses great resource potential, which is very important for European investors.

“Banca Intesa, as well as the European bank, is very interested in financing the agricultural sector of Russia’s Far East. You know that a big Russia-China fund was established and many Italian and European companies participated in this process. And we are studying the finance options. Besides the agricultural sector we are interested in energy, transport and infrastructure spheres. It is the future,” Mr Fallico said on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok.

The Eastern Economic Forum was on Friday in the Russian city of Vladivostok. The two-days forum, which runs through Saturday, is expected to attract some 2,500 participants, from countries including China, Japan, South Korea, India, Vietnam, Australia, the United States and Singapore.

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