On 10 June 2009, Vnesheconombank (VEB) published information on its Supervisory Board's decision on amending the procedure for granting subordinated loans. This information is available on the VEB's website.

Under Federal Law No. 173-FZ "On Additional Measures for the Support of the Financial System of the Russian Federation," dated 13 October 2008, VEB is entitled to grant subordinated loans to Russian credit organisations which meet the criteria set by the Law and VEB's Supervisory Board.

According to the amended procedure for granting subordinated loans, borrowers are required to ensure on-lending of received funds to specifically listed sectors of the economy (notably, the list includes granting mortgage and car loans to individuals), for no less than one year at the rate not exceeding the Central Bank refinancing rate plus 3%.