OREANDA-NEWS. September 15, 2011. Novikombank and the United Aircraft Corporation have signed a cooperation agreement.

The agreement defines the main objectives of the partnership between Novikombank and United Aircraft Corporation. Expansion is projected in several areas, including the range of banking services provided to the corporation, and the use of Novikombank loans to finance the ongoing operations and prospective investment projects of the United Aircraft Corporation and its subsidiaries.

Novikombank will also assist the Corporation in dealing with its ongoing and strategic tasks, particularly those related to the development of international and domestic accounts, the integration of modern financial management technologies and the improvement of the operational performance of the United Aircraft Corporation and its subsidiaries. Under the agreement, the bank will participate in projects to raise funds on domestic and international capital markets. Novikombank is already working actively with the Corporation and its subsidiaries.

In order to enhance the effectiveness of this partnership, Novikombank will create and integrate banking products tailored to the needs of the United Aircraft Corporation.

The agreement was signed by the President of United Aircraft Corporation, Mikhail Pogosyan, and the President of Novikombank, Ilya Gubin.

During the signing, Ilya Gubin noted: “It has always been our top priority to partner with companies in the military-industrial complex and mechanical engineering industry. Our partnership with the United Aircraft Corporation, one of the leading institutions in these industries, will give us new opportunities to expand our business and increase our financing of the real sector to bring about the innovative development of the Russian economy.”