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VTB develops cooperation with UralVagonZavod

16 November 2011

© RIA Novosti, Pavel Lisitsyn

JSC VTB Bank continues to develop cooperation with UralVagonZavod Corporation. In November, a group of core enterprises of the Sverdlovsk Region got a RUB 659.2 million bank guarantee to mature in January 2013. The guarantee will cover liabilities of UralVagonZavod under a state contract with the Russian Defense Ministry to supply military equipment.

Currently, the aggregate credit limit opened to UralVagonZavod by JSC VTB Bank amounts to RUB 15 million.

The largest defense enterprise in the Urals has been a customer of the Bank for more than 3 years.

For reference:

JSC UralVagonZavod is a multi-industry machine building corporation established in 1931. The Federal Property Management Agency is a 100% owner of the enterprise. Presently, UralVagonZavod produces about 100 items of products, including: military equipment, road construction machines, all-metal semi-cars, special purpose cars, railway tanks and many others.


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