OREANDA-NEWS. March 22, 2007. URALSIB Leasing company signed a 2 years loan facility worth EURO 10,000,000 from VTB Bank (Deutschland) AG, Frankfurt am Main. The loan facility will help one of the Russian largest transportation companies to cover costs related to purchase of the rolling stocks and equipment, reported the press-centre of  URALSIB.

According to Elena Gushina, General Director, URALSIB Leasing Company, "the investments into railway transport under the leasing programmes are estimated today at 20% of the Russian leasing market. The Russian railway industry is investing in upgrading and modernizing its asset base. It is expected that by 2010 the freight services will double, and leasing becomes a very effective financial instrument of raising finance for adding and upgrading the rolling stocks".

URALSIB Leasing Company is part of URALSIB Financial Corporation and one of the largest and most diversified leasing companies in the Russian market. On January 1st, 2007, the Company's assets amounted to USD 760,558,511, net profit in 2006 reached USD 5,877,043. The company's authorized capital amounts to USD 105,325,830.