OREANDA-NEWS. November 18, 2011. JSC VTB Bank continues to develop cooperation with UralVagonZavod Corporation. In November, a group of core enterprises of the Sverdlovsk Region got a RUB 659.2 million bank guarantee to mature in January 2013. The guarantee will cover liabilities of UralVagonZavod under a state contract with the Russian Defense Ministry to supply military equipment, reported the press-centre of VTB Bank.

Currently, the aggregate credit limit opened to UralVagonZavod by JSC VTB Bank amounts to RUB 15 million.

The largest defense enterprise in the Urals has been a customer of the Bank for more than 3 years.

For reference:
JSC UralVagonZavod is a multi-industry machine building corporation established in 1931. The Federal Property Management Agency is a 100% owner of the enterprise. Presently, UralVagonZavod produces about 100 items of products, including: military equipment, road construction machines, all-metal semi-cars, special purpose cars, railway tanks and many others.