OREANDA-NEWS. August 1, 2011. Within the framework of the International Business Development Programme, Novikombank organised financing for an equipment delivery (a hot galvanizing line), manufactured by INGENIA GMBH to leasing company LLC VSP-Leasing, Russia.

Austria’s Oberbank AG is providing funding via a letter of credit insured by OeKB for a 5-year term. The total credit amount is €6.5 million.

Novikombank intends to continue expanding cooperation with leasing companies by providing a full range of banking services.

As of July 11, 2011, Novikombank ‘s trade and structued financing portfolio was USD 60 million.