Novikombank has provided the “KAMAZ” financing capacity of 2 billion rubles.

KUBINKA /Moscow region/, August 22. /TASS/. Novikombank, and OJSC KAMAZ (a member of rostec Corporation), in the framework of international military-technical forum “Army-2017” have signed a loan agreement in the amount of 2 billion rubles. This was reported today TASS in the press service of the company.

“Funding will be directed on replenishment of working capital. The document was signed in the presence of the General Director of JSC “KAMAZ” Sergey Kogogin,” – said the press service.

According to the Chairman of the Board of Novikombank Elena Georgieva “development of cooperation with the leader of the domestic automotive industry is the next step in a plan to expand core business Bank and the funding target customers”.

“Army-2017” takes place in Kubinka near Moscow from 22 to 27 August. Total area of exhibition pavilions and open areas of the Convention and exhibition center “Patriot” more than 300 thousand sq. m. According FSMTC, this year the total number of members of the “Army-2017” will be more than 1000 and more than 75 foreign companies.