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VTB provides financing to VEB Leasing

 
15 May 2014

© photoexpress.ru

VTB Bank has issued a one-year, RUB 5 billion loan to VEB Leasing, a major Russian leasing company, to finance the company’s current operations.

The loan was issued as part of a multi-currency credit line (RUB, USD, EUR) for RUB 12 billion over three years that VTB opened for VEB Leasing in 2012.

In addition, VTB opened a second credit line to the company for RUB 30 billion in 2013.

 
 
 
 
«VTB and VEB Leasing have been working together since the beginning of 2012. VTB Group stands ready to provide VEB Leasing with the full range of financing and banking services necessary to support its growth».
Yuri Soloviev,
First Deputy President and Chairman of the VTB Bank Management Board

For reference:

VEB Leasing was established in 2003 and joined Vnesheconombank Group in July 2008. It specialises in leasing aircraft, high-tech equipment, rolling stock, marine and river vessels, automobiles and industrial machinery.

VEB Leasing is Russia’s premier leasing company. The company maintained its reputation as an industry leader in 2013, with RUB 207.2 billion in new business and a lease portfolio of RUB 609.2 billion, according to a survey by the Expert Rating Agency.


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