Russian Helicopters and Novikombank sign financing agreement

Russian Helicopters and Novikombank sign financing agreement

26-Jul-2021 Source: Russian Helicopters

Russian Helicopters Holding (part of Rostec State Corporation) and Novikombank signed an agreement on the organization of financing projects for the serial production of civilian helicopters.

The agreement was signed by Elena Georgieva, Chairman of the Management Board of Novikombank, and Andrey Boginsky, General Director of Russian Helicopters.

“The support of Novikombank is of great importance to us. It gives us the opportunity to implement our strategic projects for the development of new helicopters and the modernization of serial machines. This is work for the future of the country’s aircraft building industry, the result of which will be the emergence of new competitive rotary-wing aircraft “, – said Andrey Boginsky, CEO of Russian Helicopters.

“Novikombank arranges financing for one of the world leaders in the helicopter industry – the Russian Helicopters holding. Understanding the industry and a high level of expertise allows us to participate in the implementation of large-scale programs. Our cooperation with the holding gives visible results in the form of the latest technology, which is in demand both in Russia and abroad, “commented Elena Georgieva, Chairman of the Management Board of Novikombank, curator of the Voronezh regional branch of SoyuzMash of Russia.

Novikombank has been cooperating with the Russian Helicopters holding since 2011, providing settlement, credit, investment and financial services. In 2019, the Russian Helicopters holding and Novikombank signed a strategic partnership agreement, according to which the bank will arrange financing for the creation and promotion of civilian helicopters. In particular, with the support of Novikombank, financing is organized for such significant projects of the Holding as the supply, repair, maintenance of the operation of the Ka-62, Ka-32, Ka-226 helicopters; Ansat, Mi-171A2, Mi-171, Mi-38 and other civilian products.

Especially for Russian Helicopters and the companies that are part of the holding, Novikombank ensures the development of unique credit and financial mechanisms, as well as the introduction of modern technologies for managing financial resources to improve the efficiency of its activities.

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