News and Press Releases

24 June 2008

OJSC VTB-Leasing Establishes a Regional Branch in Saha Republic (Yakutia)

On June 20-23, 2008 Mr. Vitaly Kipriyanov, Managing Director of the Regional Business Development department of OJSC VTB-Leasing, made a working visit to the city of Yakutsk. There jointly with the VTB Bank branch office the mission of VTB Leasing met with the largest companies of Saha Republic (Yakutia), including OJSC Yakutskenergo, OJSC Sahaenergo, OJSC Nizhne-Lenskoe, Vodokanal state-owned company, OJSC Sahaneftegazsbyt, OJSC Yakutcement and OJSC Yakutskgeofizika. Based on the results of the visit it was decided to establish in the nearest future a dedicated regional branch office of OJSC VTB-Leasing company in Yakutsk. Mr. Alexander Skripka, branch manager of JSC VTB Bank office in Yakutsk will function as director of the regional branch of VTB-Leasing. Currently leasing transactions with OJSC Yakutcement and OJSC Nizhne-Lenskoe were signed; business plan for 2008 envisages new leasing transactions (done under leasing contracts with new customers) for total amount exceeding 2 bn rubles.

The Board of Directors of OJSC VTB-Leasing has approved in 2007 the Conceptual approach to regional development. The Company’s network of regional offices in Russia (and network of subsidiaries in neighboring CIS countries) is developing according to this document.

OJSC VTB-Leasing is a leading company in the Russian leasing market. It offers a broad range of leasing services and operates both in Russia and in other countries. The objective of the regional branch in Yakutsk is to assist local dynamically growing companies in Saha Republic (Yakutia) to modernize their equipment and increase their competitiveness. This objective is achieved through providing those companies with an efficient and accessible method of acquisition and modernization of their fixed assets.

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