VTB Bank has extended a RUB 700 million loan to Khabarovsk-based Universal Leasing Company. The purpose of the loan is to provide financing to lessees. VTB has provided the company with credit totaling RUB 1 billion.
Universal Leasing Company is one of the largest regional leasing companies and one of the top 30 players on the national leasing market. It also tops the ranking in Russia’s Far East in terms of the volume of newly signed lease contracts.
«We plan to increase financing to the company because leasing is in stable demand on the market. Many companies use leasing as an effective way to renew their production assets.».
VTB Deputy President and Chairman of VTB Bank Management Board