In June 2011, VTВ Bank lent RUB 800 million to OJSC KAMAZ for the term of 60 calendar days. The funds will be channeled into the ongoing operations.
Valery Lukyanenko, Member of VTB Bank Management Board, stressed that “KAMAZ and VTB Bank have been longstanding partners for many years and have enjoyed mutually beneficial partnership. KAMAZ has been provided many banking products and services required for day-to-day operations”.
KAMAZ Group of Companies is the largest automobile corporation of the Russian Federation. OJSC KAMAZ ranks 13th among the world’s top heavy truck manufacturers and 8th among the world’s diesel engine producers. The single production complex of KAMAZ Group embraces the whole technological cycle of truck production – from development, production, assembly of vehicles and auto components to marketing of finished products and service maintenance.
Currently, KAMAZ Group includes over 150 organizations located in Russia, the CIS and far abroad.