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VTB provides lending to Nizhny Novgorod Machine Building Plant

17 May 2010

VTB Bank Branch in Nizhny Novgorod has granted a RUB 3,127,707.500 loan to JSC Nizhny Novgorod Machine Building Plant for a 5-year term. 
The loan is aimed at refinancing the debt to the other bank. 

Alexei Nasonov, performing the duties of the Branch General Manager, said: “The Plant is a most promising VTB customer in the region and we will be enhancing our cooperation in the future”.

For reference:

JSC Nizhny Novgorod Machine Building Plant is one of the largest defense enterprises in Russia. The company if focused on military equipment (S-300 surface-to-air missile system, mortar launchers and artillery mounts), nuclear equipment (atomic power plants for ship propulsion and equipment for nuclear power plants), and civil industry products. OJSC "Concern PVO "Almaz-Antey" is a major shareholder of the Plant.

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