Sviaz-Bank to Give Loan to State Transport Leasing Company
OREANDA-NEWS. June 19, 2012. Sviaz-Bank has opened a credit line of 500 million rubles to the State Transport Leasing Company (STLC LLC), to be drawn down over a period of 3.5 years to finance the company’s leasing contracts, reported the press-centre of Sviaz-Bank.
“We are certain that our cooperation with the STLC will help us initiate efficient leasing programs for the transportation industry’s businesses. We are interested in long-term cooperation with the company,” said Sergey Volokhov, Vice Chairman of Sviaz-Bank’s Management Board.
The State Transport Leasing Company (STLC LLC) ranks among Russia’s top five leasing companies.
The company leases out many different types of machinery and equipment to businesses in all fields of the transportation industry and other industries of Russia’s economy. Since early 2009, the STLC has been implementing special-purpose leasing programs in support of the government’s policy to modernize enterprises in the road and utility complex and the transportation system in cities and regions.
The STLC has operations in all regions of the country. The Russian Federation is the company’s sole shareholder, with the Federal Ministry of Transport fulfilling the managerial role.