Bank ROSSIYA and Novostal-M Holding signed a cooperation agreement
ROSSIYA Bank and Novostal-M metallurgical Holding have signed a cooperation agreement within the framework of the St. Petersburg International Economic Forum (SPIEF-2025). The document was signed on June 20 by Alexander Shalenkov, Deputy Chairman of the Management Board of Bank ROSSIYA, and Ivan Demchenko, Chairman of the Management Board of Novostal-M Holding.
The agreement provides for the development of cooperation in the field of integrated banking services, financing of the holding's current activities and investment projects, provision of cash management and liquidity management services, participation of the regulator in the digital transformation of the holding, as well as cooperation within the framework of retail lending programs for Novostal-M employees.
"Bank ROSSIYA traditionally pays special attention to supporting the Russian industry. The signing of the agreement with Novostal-M Holding will be the next step in our cooperation and will further strengthen the company's position in the metallurgical industry. The holding retains the status of the largest exporter of wire rod and is one of the world leaders in this area," said Shalenkov.
He added that the financial support of the Bank will allow to increase production capacities and expand export supplies of products to international markets.
"The support of financial institutions is a key tool for accelerating business development, especially during periods of active investment phase. Joint cooperation with Bank ROSSIYA opens up new horizons for Novostal-M Holding, allowing us to implement ambitious plans to expand production capacities and strengthen our positions in international markets," Demchenko emphasized.
Earlier that day, Bank ROSSIYA and JSC TEK SPb agreed to jointly implement new projects in the field of heat supply.
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