OREANDA-NEWS. October 20, 2009. OOO LSR.Management Company (a subsidiary of LSR Group) and OJSC Bank VTB North-West signed a loan agreement to open a revolving credit facility of RUR 2 billion for 18 months, reported the press-centre of LSR Group.
         
The total amount of financing obtained by LSR Group from OJSC Bank VTB North-West in the period from 18 September 2009 to 14 October 2009 is RUR 3.4 billion.

Note to Editors:
OJSC LSR Group  is a real estate and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction — from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects.

LSR Group has operations and offices in a number of cities in the Leningrad region, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany.
In 2007, the sales revenues of LSR Group (according to the IFRS) were RUR 35,858m, in 2008 – RUR 49,813m.

LSR Group is a public company, with its GDRs listed and traded on the London Stock Exchange and its shares listed and traded on MICEX and RTS.

In 2007, LSR Group was awarded ‘The Company of the Year’ National Award in the ‘Construction’ category.

OJSC Bank VTB North-West is one of the largest commercial banks in the North-West federal district and a member of VTB Group. The Bank’s priority business activity within VTB Group is a comprehensive package of products and services for large and medium size corporate clients of the North-West federal district and Kirov region. Bank has a mature branch network, as of October  1, 2009 the regional network comprises 35 points of sale, including 18 branches.