News and Press Releases

5 June 2012

OJSC VTB Leasing Signs Cooperation Agreement with China Exim Bank

On June 5, 2012 during the state visit to China by Vladimir Putin, President of Russian Federation, a Cooperation Agreement between OJSC VTB Leasing and China Exim Bank was signed. The term of the Agreement is five years.

On behalf of OJSC VTB Leasing the Agreement was signed by the General Director of the company, Mr. A.Yu.Konoplev; on behalf of China Exim Bank – by Mr. Li Ruogu, Chairman and President of the Bank.

In accordance with achieved agreements, China Exim Bank has established a credit limit on VTB Leasing in the amount of USD 250 million (or an equivalent in RMB). These funds are planned to be used for support of Russian companies acquiring machinery and equipment manufactured in China.

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OJSC VTB Leasing is a universal leasing company. VTB Leasing is the leader in the Russian leasing services market and firmly holds its strong competitive position in the main segments of the market.

VTB Leasing was established in June 2002. The sole shareholder of the company is JSC Bank VTB. The capital of OJSC VTB Leasing is 14.8 billion rubles.

Consolidated portfolio (aggregate amount of clients’ liabilities under leasing agreements less leasing payments already made) including transactions of OJSC VTB Leasing, its subsidiaries and LC TCL (Leasing company TransCreditLeasing) at year-end 2011 was 336.8 billion rubles.

China Exim Bank (Eximbank) is the export and import bank of China (The Export-Import Bank of China / China Exim Bank). It was founded in 1994 and owned by the Central Government of the People’s Republic of China.

China Exim Bank is one of the main avenues of financing exports and imports of mechanical and electronic products, complete sets of industrial equipment, high technologies and leading-edge technology products – as well as for the country’s foreign investment projects.

Presently the Bank has over ten branches and representative offices in China and three foreign representative offices in Johannesburg, Paris and Saint Petersburg. The Bank has established and maintains partnership relations with over 300 largest foreign banks in different countries of the world.

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