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VTB Bank, JSC Academician M.F. Reshetnev Information Satellite Systems sign loan agreement

 
13 January 2012

© RIA Novosti, Aleksandr Kryazev

Krasnoyarsk branch of VTB Bank and JSC Academician M.F. Reshetnev Information Satellite Systems have signed a RUB 1.5 billion framework multicurrency loan agreement.

This banking product, being unique for the Krasnoyarsk financial market, will let the company make tranches in the required currency for various terms, depending on its actual needs during the overall validity period of one single contract.

The main goal of the agreement, whose validity period totals two years, is to back ISS’ current business activity.

Tatyana Bugaeva, Head of VTB Bank branch in Krasnoyarsk, says: “We have managed to design an individual product, which fully corresponds to the needs of the company. This is another good example of our readiness to search for the ultimate solutions for our clients”.


For reference:

JSC Academician M.F. Reshetnev Information Satellite Systems is one of the leading Russian space enterprises. The company owns the latest technology to perform a complete satellite manufacturing cycle, from design and development to manufacture of high performance spacecraft and satellite systems.

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