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Bank VTB N-W develops cooperation with LSR Group

22 Jan 2010 09:55

RNS Number : 9760F
Open Joint-Stock Company LSR Group
22 January 2010
 



 22 January 2010 

PRESS RELEASE

St. Petersburg

Bank VTB North-West develops cooperation with LSR Group

Bank VTB North-West took a decision to increase a credit limit for LSR Group from RUR 8 Bn to RUR 9 Bn. According to the Bank's management, LSR Group and its subsidiaries have been clients of the Bank for more than 15 years, and showed themselves as reliable partners with flawless credit history. 

Note to Editors:OJSC LSR Group  is a real estate and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction - from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects.  LSR Group has operations and offices in a number of cities in the Leningrad region, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany.  In 2007, the sales revenues of LSR Group (according to the IFRS-based financial statements) were RUR 35,858 million, in 2008 - RUR 49,813 million.LSR Group is a public company, with its GDRs listed and traded on the London Stock Exchange and its shares listed and traded on MICEX and RTS. In 2007, LSR Group was awarded 'The Company of the Year' National Award in the 'Construction' category.

OJSC Bank VTB North-West is a member of VTB Group. The Bank's priority business activity within VTB Group is a comprehensive package of products and services for large and medium size corporate clients of the North-West federal district and Kirov region. As of January 1, 2010 the regional network comprises 33 points of sale, including 17 branches.

For more details please contact:

LSR Group Press Service

Tel.: +7 812 314 10 44Fax: +7 812 458 83 72

E-mail: press@lsrgroup.ru

www.lsrgroup.ru

Bank VTB North-West Press ServiceTel.: +7 812 329 84 91

E-mail: pr@vtb-sz.ru www.vtb-sz.ru

This information is provided by RNS
The company news service from the London Stock Exchange
 
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21st Apr 20213:30 pmEQSLSR Group makes sixteenth coupon payment and redeems part of the nominal value on its Series 001P-02 bonds
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2nd Apr 202112:15 pmEQSLSR Group makes sixth coupon payment on its Series 001P-04 bonds
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26th Feb 20214:20 pmEQSLSR Group announces the Coupon Rate of 8.0% per annum for its exchange-traded Series 001P-06 bonds
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20th Feb 20216:03 amEQSLSR Group announces the Inclusion of its Series 001P-06 Bonds into Level 1 of the List of Securities Admitted to Trading at Moscow Exchange
28th Jan 202111:00 amEQSLSR Group makes fifth coupon payment on its Series 001P-05 bonds
25th Jan 20219:00 amEQSLSR Group reports its operating results for the 4Q and FY 2020
20th Jan 202111:00 amEQSLSR Group makes fifteenth coupon payment on its Series 001P-02 bonds
11th Jan 20219:00 amEQSLSR Group makes fifth coupon payment on its Series 001P-04 bonds
29th Dec 20209:00 amEQSLSR Group makes thirteenth coupon payment on its Series 001P-03 bonds
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28th Oct 202012:20 pmEQSLSR Group announces pricing of public irrevocable offer for its Series 001P-01 bonds
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