News and Press Releases

14 April 2011

VTB Group Strengthens Relationship with OOO Sibugol Company in Krasnoyarsk

On March 31, 2011 a joint project has been completed by Krasnoyarsk branch of JSC Bank VTB, Krasnoyarsk branch of OJSC VTB Leasing and OOO Sibugol company. The project’s objective was to acquire and lease out to OOO Sibugol 30 Scania tow trucks with trailers for the total amount of 175 million rubles in order to increase volumes of transportation of brown coal, including coal deliveries under the contract between Sibugol and OGK-4 (Berezovskaya GRES power plant). To finance Sibugol development program in addition to the leasing contracts Krasnoyarsk branch of JSC Bank VTB opened additional credit lines for Sibugol for the total amount of 83 million rubles.

Ms. Svetlana Balakhnina, deputy head of branch of JSC Bank VTB, commented:
“Financing of mining industry companies is one of the priority areas for Bank VTB in Krasnoyarsk. Structuring and execution of similar projects that involve subsidiary companies of Group VTB allow our Bank to maximize the efficiency of meeting the needs of our clients and allow us to provide comprehensive, full-scope services to our clients”.

Reference information:
OOO Sibugol mines brown coal (3B grade) in open-pit mines located in Balakhtino district of Krasnoyarsk region since 2008. Annual coal sales volumes steadily increase due to high quality of coal the company produces.

JSC Bank VTB and its subsidiary banks (Group VTB) are the leading Russian financial group providing a wide range of banking services in Russia and CIS countries.

Krasnoyarsk branch of JSC Bank VTB – one of the region’s leading lending institutions. Operates in the Krasnoyarsk market as a branch of Bank VTB since March 29, 1994. The branch office’s client list includes the larges companies in machine-building, defense and nuclear power industries, as well as in timber, construction, power generation, retail, telecommunications and utilities sectors.

OJSC VTB Leasing, established in 2002, is Russia’s largest leasing company offering a wide range of services, covering the whole territory of Russia and offering its services in foreign countries as well. VTB Leasing focuses on large and medium-sized transactions in such sectors as railroad transportation, aircraft and aviation equipment and specialized equipment, vehicles and machinery.

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