Russia's VTB Bank announced on Tuesday that it has opened a credit line of $194 million over three years for aircraft manufacturer Sukhoi to help finance the company's operations.
"Providing support for the aircraft manufacturing industry is one of VTB's priorities," Valeriy Lukyanenki, a member of the VTB Bank management board, said. "We have worked with Sukhoi for many years, and I am confident that the bank will continue to support Russia's crucial industrial enterprises."
Sukhoi, which is part of the United Aircraft Corp., has numerous aircraft design and production operations.
VTB Bank is part of the VTB Group, which provides a wide range of banking services and products in Russia, CIS, Europe, Asia, Africa, and the United States.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme
Alerts Sign-up