Nomos-Bank Opened Line of Credit for Perm Engine Company
OREANDA-NEWS. June 9, 2012. The
The purpose of the loan is to increase the company’s working capital.
Cooperation between JSC PEC and NOMOS-BANK began in
This deal is a major step in establishing a strategic partnership and cooperation between NOMOS-BANK and JSC Perm Engine Company,” said Valery Terenin, head of NOMOS-BANK’s branch in
Deputy Managing Director and Director for Economics and Finance for JSC Perm Engine Company, Dmitri Ovsyannikov said, "We chose NOMOS-BANK as a permanent partner because it offered a flexible credit policy which is optimal for our company. The list of loan products sold by NOMOS-BANK today is quite long. And Perm Engine Company, of course, is interested in the new financial solutions NOMOS-BANK offers. Our cooperation is developing in the direction of investment in production. The decision on the part of NOMOS-BANK to provide the credit limit for working capital has had a positive impact on the successful implementation of Perm Engine Company priority plans. We can safely say that we will work together in the future.”
JSC Perm Engine Company is a serial producer of aircraft engines for civil and military aircraft and industrial gas turbines for power generation and gas transportation.
PEC is part of United Engine Corporation’s Management Company which is a100% dedicated subsidiary of JSC United Industrial Corporation Oboronprom for managing engine assets.
JSC UIC Oboronprom is a diversified engineering group founded in 2002. Included in the company is the Russian Technologies company. Their main activities include helicopter production (JSC Russian Helicopters) and engine-building (JSC MC ODC ).