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VTB finances Russia’s leading defense enterprise Reductor-PM

19 July 2011

VTB finances Russia’s leading defense enterprise Reductor-PM.

VTB Bank has closed a RUB 150 million loan agreement with JSC Aviation gearboxes and transmissions - Perm Motors (Reductor-PM), the bank’s core partner in the Perm Territory. The agreement has been closed within the existing credit limit. The enterprise will channel the loan funds for measures aimed at raising the production volume growth and upgrading its equipment.

According to Valery Lukyanenko, Member of VTB Bank Management Board, VTB is actively financing the Perm Territory’s real sector of the economy, including the local defense enterprises. VTB provides the defense enterprises with a range of services of its product line: cash management services, lending, deposit transactions, trade finance transactions, and foreign trade activity service.

For reference:

JSC Reductor-PM is one of the global leaders in the production of helicopter gearboxes and transmissions. The helicopter units, produced by the firm, are used throughout the world. JSC Reductor-PM is a rapidly developing company.  

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