OREANDA-NEWS. February 11, 2013. VTB Bank has opened a credit line for VEB Leasing, a leader on the Russian market of leasing services, reported the press-centre of VTB. 

The loan totalling RUB 7 billion has been provided for three years in three currencies – Russian roubles, US dollars and euros – and will be used to finance the company’s current operations and to refinance its debts to other creditors.

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VEB Leasing OJSC was established in 2003 and became part of Vnesheconombank (VEB) Group in July 2008. It specialises in leasing high-tech equipment, rolling stock, aircraft, sea and river vessels, automobiles and special equipment.

Based on its performance in January-September 2012, VEB Leasing has maintained its leading position in the Russian leasing market in terms of new transactions (25% of the market) and its private loan portfolio. The company is also a leader in the leasing of railway, aviation and automobile transport.