OREANDA-NEWS. On 18 July 2008 URALSIB Leasing company (URALSIB Leasing), one of the sub-holdings of the Financial Corporation URALSIB, announced that it has negotiated 3 bln rubles credit line from Sberbank.

The credit line will be used to finance leasing projects of the company. The cooperation with Sberbank, the biggest Russian financial institution, is an important stage in the development of the URALSIB Leasing company, which increased its volume of new business by 2.5 times to USD US 1.3 bln in 2007.