Promsvyazbank will finance RUB 16,7 billion worth of STLC's projects

State Transport Leasing Company (STLC) and Promsvyazbank signed on the loan for financing transactions worth a total of RUB 16.7 bln for a period of up to 8,5 years. Funds received under the loan agreement will be used to purchasing and further leasing of SSJ100 aircraft and universal low-sided cars.

“This year leasing market is showing double-digit growth – 42% in the first 9 months. The volume of limits opened by Promsvyazbank for financing leasing transactions just in the first 6 months exceeded RUB 30 bln. And we have no plans of slowing down. We are going to actively support the further development of this industry. For us it is one of the opportunities to implement the tasks set for the bank by the government, - says the Chairman of Promsvyazbank Petr Fradkov. – Promsvyazbank is one of the major banks that are a part of strategic enterprises actively involved in the support of key industries in the economics of Russian Federation. Therefore, our partnership with STLC perfectly lines up with our strategic goals.”

“One of the goals of STLC is to maximize the attraction of non-budgetary investments into the Russian transport sector. Thanks to the partnership with Promsvyazbank we can continue implementing the program with government co-financing for SSJ100 leasing, as well as grow our park of domestically produced innovative cars“. – says the CEO of STLC Sergey Khramagin.
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