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VTB finances Uralvagonzavod

17 July 2009

Striving to further develop cooperation with transport machine building enterprises, JSC VTB Bank lent RUB 3 billion to JSC Uralvagonzavod under the surety of FGUP Rosoboronexport, for 12 months. The loan shall be used to finance current activities of the company.

Besides, VTB decided to restructure for another three years the RUB 3 billion loan extended earlier to the company. The restructured loan is secured by a state guarantee.

To support the national real economy is a major objective of the Bank. In light of this, cooperation with the leading enterprises of the transport machine building industry lies in the core of the Bank’s business, especially given its strategic importance for the social and economic growth of Russia.

For reference:
JSC Uralvagonzavod is a multi-industrial machine building complex established in 1931. The Federal Property Management Agency is a 100% owner of the company. Presently, the company produces about 100 items of defense technical equipment, road building machines, metal semi-cars, special purpose cars, rail way tanks and many other  products.

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