OREANDA-NEWS. May 15, 2009. In the nearest future KAMAZ will receive 1.5 billion roubles from Russia’s Sberbank with the terms of repayment till the end of the year.

The credit committee of Sberbank decided to give the line of credit on 14 May. However, the specialists of Sberbank and KAMAZ have been working on extension of the credit line during the last 2 months. The representatives of Sberbank studied the financial and economic situation at KAMAZ thoroughly and came to a conclusion that despite the crisis in 2009 KAMAZ will be able to fully perform all its credit commitments.

In its turn KAMAZ highly appreciates the decision of Russia’s Sberbank which is one of the company’s main creditors. It is noteworthy that the country’s largest bank supports the current financial and economic activities of KAMAZ which ensures its dynamic work in this difficult time.