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VTB finances OJSC Concern PVO Almaz-Antey

4 May 2010

VTB Bank has granted OJSC Concern PVO Almaz-Antey a RUB 3.5 billion facility to finance its current activities, including contractual obligations.

According to Valery Lukyanenko, Member of VTB Bank Management Board, “one of the most important features of the company’s business is its stability. VTB traditionally focuses on developing Russian defense industry complex, and we are glad to contribute to implementation of the current key tasks of PVO Almaz-Antei“.

For reference:
OJSC Concern PVO Almaz-Antey is one of the largest corporations of defense industry complex producing the anti-air and non-strategic anti-missile defense systems. The Concern is a deeply integrated structure of allied enterprises (over 50 companies), which entered the Concern in accordance with the list of companies, established by Order of the President No.412 as of 23.04.2002 and Enactment of the Russian Government No.480 as of 28.06.2002.

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