OREANDA-NEWS. September 27, 2011. On the first day of the VIII International exhibition of arms, military equipment and ammunition, Russian Expo Arms, Nizhny Tagil - 2011, Novikombank, as the strategic partner of the exhibition, signed a partnership agreement with the Federal State Unitary Enterprise Chemical Plant "Planta".

Under the agreement, Novikombank will assist the plant in realising its current and strategic financial objectives by creating favourable financial conditions for the company, provide comprehensive banking services, including the "Client-Bank" electronic payment system, provide financing for ongoing operations, and facilitate the integration of modern financial management technology so as to improve the operational performance of the company.

Novikombank has been cooperating with the FSUE Chemical Plant "Planta" since March 2011. To date, the Bank has arranged financing for the plant to the amount of 100 million rubles for it to implement its state defense order, and has provided guarantees worth over 180 million roubles.

The signing of this agreement for Novikombank not only gives it further growth opportunities - partnering with the Federal State Unitary Enterprise Chemical Plant "Planta" has given Novikombank the opportunity to actively participate in the development of Russia's industrial potential and, thus, the entire Russian economy.