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30.06.10. Novikombank and Central Aerohydrodynamic Institute (TsAGI) have signed a strategic partnership plan

Ilya Gubin and Boris Aleshin

Novikombank President Ilya Gubin and TsAGI General director Boris Aleshin  have signed a Plan of Strategic Partnership for 2010–2014, which is an important milestone in the implementation of the current cooperation agreement between TsAGI and the Bank.

The Plan determines specific actions aimed at further development of cooperation and confirming TsAGI’s status as Novikombank’s strategic partner. This indicates that the volume of TsAGI’s transactions where the Bank is involved will constantly grow especially with regard to domestic and international payments, conversion operations and lending arrangements.

Novikombank is expected to become TsAGI’s primary partner in foreign trade settlements. The Plan also provides for higher financing, a wide range of investment projects, organisation of regional cooperation, and retail services to TsAGI’s management and employees.

Ilya Gubin noted: “TsAGI is definitely among the leaders in the high-tech industry. For us, our cooperation with TsAGI is a crucial milestone in the development strategy of Novikombank aimed at the expansion of our partnership with major clients from key industries.”

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.

Federal State Unitary Enterprise N.E.Zhukovsky Central Aerohydrodynamic Institute is the world’s largest centre of aviation science. TsAGI is involved in the successful development of national aviation and mechanical science. It’s been a partner of more than 50 leading aerospace companies and scientific centres in America, Europe and Asia in the field of theoretical and experimental research.

 

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