OREANDA-NEWS. September 12, 2011. SME Bank (Vnesheconombank Group), Novikombank and CSTS Dinamika have commenced financing of high-tech production of flight simulators. The agreement between Novikombank and CSTS Dinamika was signed at the International Aviation & Space Salon MAKS-2011 in Zhukovsky, reported the press-centre of SME Bank.    

The documents on cooperation were signed by Dmitry Golovanov, First Deputy Chairman of SME Bank, Ilya Gubin, President of Novikombank and Alexander Litvinenko, Director of CSTS Dinamika.

Novikombank is SME Bank’s partner under “Financing for Innovations and Modernization” Program. Pursuant to the agreement Novikombank is going to disburse the loan proceeds to CSTS Dinamika.  The total project cost is RUB 235 million, 150 million of which will be provided by SME Bank for 7 years. The project was initiated by CSTS Dinamika that has started the project using its own resources.

SME Bank Program “Financing for Innovations and Modernization” is designed for providing accessible and long-term resources to SMEs involved in innovative and modernization projects in various industries.