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VTB sponsors VEB Leasing

29 August 2013

VTB sponsors VEB Leasing.

VTB has opened a ten-year RUB 30 billion credit line for VEB Leasing, Russia’s largest leasing company.

To date, VEB Leasing has received the first loan instalment of RUB 5.78 billion to be repaid within five years.

VEB Leasing may use the loan for a variety of purposes, from funding its daily operations to refinancing its liabilities to other creditors.

"We are glad that VTB is in partnership with VEB Leasing for the long haul," said Yury Soloviev First Deputy President and Chairman of VTB Bank Management Board. "This agreement offers new opportunities for successful collaboration between our companies, both within the loan project and other agreements."

VEB Leasing was established in 2003. In July 2008, the company was incorporated with Vnesheconombank Group. The company’s priority areas include the leasing of aircraft, high-technology equipment, rolling stock, marine and river vessels, cars and industry-specific machinery.

Over the past years, VEB Leasing has remained Russia’s leading leasing company by worth of agreements and its leasing capacity. The company’s new business has brought RUB 96 billion over the first six months of this year. With its lease portfolio having reached RUB 587 billion, the company retains its top place in the ranking of Russian leasing companies, according to the Expert RA Rating Agency’s survey for the first half of 2013.


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