Alfa-Bank has agreed to settle with the “Uralvagonzavod”

Alfa-Bank has agreed to settle with the “Uralvagonzavod”


Moscow. July 18. Alfa-Bank expects to reach a settlement agreement on claims of “Uralvagonzavod” (UVZ), said CEO of Alfa-Bank Alexey Marey.

“We very sincerely hope so,” said the financier, answering questions of journalists.

Alfa-Bank is one of the largest creditors of UVZ. The litigation between Alfa-Bank on one side and UVZ and its subsidiaries” company “CHTZ-Uraltrak” and OOO “Technopark “Traktorozavodsky” (TPT, the lessee of the property “CHTZ-Uraltrac”) on the other began after “CHTZ-Uraltrac” is delayed by the loan from Alfa-Bank, the guarantor which are to UVZ and TPT. After that, the Bank demanded to return the entire loan, and in April 2015, the Bank has addressed in court with the claim about debt recovery on six loans, the amount of the claim subject to arrears and penalties was $ 6,054 billion and $39.7 million Later, Alfa Bank said the amount of the claim, having demanded to collect with Uralvagonzavod and its subsidiaries 7,346 billion and $30,203 million

“Uralvagonzavod” is a diversified machine-building complex, which produces about 100 types of products, in particular, military equipment, road-building machine, all-metal open wagons, specialized wagons and rail cars. The owner of 100% of the shares of the company is property management.