Novikombank has provided a loan to State Transport Leasing Company (STLC) for $100 million to finance the company’s current activities, its investment and other projects, says STLC.

STLC being the largest company in Russia, implements programs of national importance: the development program for the lease of Superjet 100 aircraft, the development program for the leasing of helicopters for sanitary aviation, the project for the localization of production of L-410 aircraft and other.

“Partnership with Russia’s largest leasing company is of high significance for the bank with its status of the domestic industry’s anchor bank”, noted Elena Georgieva, Chairman of the Management Board, Novikombank/

“Providing  funding for STLC projects Novikombank  contributes to the development of the country’s transport system, particularly through leasing of domestic aircrafts and water transport”, said Georgieva.

Sergey Khramagin, Director General of STLC emphasized that a loan agreement with Novikombank expands the opportunities of STLC in financing of the company’s key projects.