01.06.10. Novikombank expands aerospace financing
- Ãðóçîâîé ñàìîëåò
Èë-96-400Ò
Continuing its track record of investment in the real sector, Novikombank is leading a gradual expansion of lending to the domestic high-tech manufacturing sector. May 2010 saw a USD30 million, 30-month Novikombank loan to Ilyushin Finance Co (IFC), subsidiary of United Aircraft Corporation (UAC).
The funds will be spent on aircraft manufacturing, including the production of the Il-96-400T cargo plane, the An-148-100 regional passenger aircraft at VASO (Voronezh) as well as the Tu-204 passenger plane at Aviastar-SP (Ulyanovsk).
Novikombank sees its cooperation with UAC and its constituent facilities as one of the leading avenues in its customer policy. Based on its long-term cooperation with UAC, the Bank has been playing an ever-increasing role in financing the aerospace industry – to the tune of RUB3 billion over 2009 and early 2010.
Among the Bank's partners are UAC, RSK MiG, Irkut Corporation, Sukhoi Civilian Aviation, TANTK Beriev, Taganrog Aviation, JSC Il, and others.
Novikombank's President Ilya Gubin says: “The Bank's cooperation with Ilyushin Finance Co., the leading Russian aviation-leasing company, ensures our direct participation in financially supporting Russia's aerospace industry, and allows us to play an active role in creating a portfolio of orders for plants producing aircraft, thus doing our part to increase domestic industrial manufacturing and GDP“.
For information purposes:
Novikombank was established in 1993. Today, it is a solid, rapidly growing financial institution offering a comprehensive range of banking services to its customers. The provision of finance to Russian industrial companies, including heavy-machinery, the automotive industry and technology-intensive manufacturers is among the Bank’s priorities. As of 1 April 2010, the Bank’s capital amounts to 5,9 billion roubles, with net assets of 42 billion roubles.
Ilyushin Finance Co. is Russia's leading leasing company. Its primary shareholders are OAK, Vnesheconombank, and the National Reserve Corporation Group. The company leases Russian-made aircraft: Tu-204-100 / Tu-204-300, An-148 and Il-96 passenger planes, and Il-96-400T and Tu-204S cargo planes. The company's major clients include The Administrative Department of the President of the Russian Federation, GTK Rossiya, Red Wings (Aviation), Polyot (Aviation), Vladivostok Avia (Aviation), Cubana De Aviacion, and Atlant-Soyuz (Aviation).
