07.06.10. Novikombank provides financing to JSC Klimov
In May 2010, as part of a long-term cooperative relationship with OBORONPROM, Novikombank provided a credit line of 280 million roubles to JSC Klimov, a member company of the United Engine-Building Corporation. The one year credit will be used to finance JSC Klimov’s involvement in the development of a new-generation engine for the latest medium-range helicopters of JSC Russian Helicopters.
Novikombank has been consistently developing its cooperation with OBORONPROM which includes JSC United Engine-Building Corporation and JSC Russian Helicopters. JSC Kamov, JSC Helicopter Service Company, JSC Chernyshev Moscow Machine-Building Enterprise, and a number of other companies are also among the Bank’s partners.
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.
JSC Klimov is a leading Russian developer of aircraft gas-turbine engines. It is a member company of the United Engine-Building Corporation which is a 100% subsidiary of OBORONPROM Corporation. The company is involved in the development, manufacture support and service maintenance of Mil and Kamov helicopter engines, and jet-engines for fighter aircraft.
