OREANDA-NEWS. February 27, 2009. Within the framework of Domestic Producer Support Program launched in January 2009 the Bank Finance and Credit resumed lending under the customer program called Railway Cars Lending, and provided UAH 300 million to implement lending program for purchasing railway cars manufactured by the OJSC Stakhanovsk Wagon Works.

According to Oleg Shapkin, Deputy Chairman of the Board, Bank Finance and Credit - `The Bank is ready to provide lending for corporate customers wishing to purchase railway cars from the wide range of products manufactured by the OJSC Stakhanovsk Wagon Works. I think it will result in a substantial increase of sales volumes of the enterprise and stimulate its further dynamic development`.

Eduard Misevra, Chairman of Supervisory Board, OJSC Stakhanovsk Wagon Works said - `Lending program for one of the largest domestic car production facilities will enable us to meet needs of those customers who experience a lack of circulating assets in 2009. According to our estimations, having this credit support of UAH 300 million from the Bank Finance and Credit the works will be able to not only retain but also to increase its market share by some groups of railway cars`.

Railway Cars Lending program was developed and launched in the bank in 2006.

Under the program terms and conditions a loan may be provided in UAH for the period of 3 years, customer`s own funds participation is a must. Purchased railway cars are taken as a collateral.