Friday, 16 april 2010

BALC to equip an office building

BUSINESS ALLIANCE Group of Leasing Companies has signed two lease deals with Ostankino Brewery, which is one of the largest companies in the Russian food-and-beverage industry.

Under the terms of two 3-year contracts, BALC leased out elevators, manufactured by SCHINDLER Company, and a set of ventilation equipment. The total sum of the lease contracts exceeds RUB 30 million. Ostankino Brewery will use the leased assets for the development of its office building. The project was financed with a credit line from JSCB “DERZHAVA” Bank, which is a brand new financial partner of BALC.

It’s significant to note that the project for Ostankino Brewery was implemented under the terms and conditions of BALC’s new lease program designed for small and medium enterprises.

About Ostankino Brewery:
Ostankino Brewery was established in 1949 and is considered to be one of the largest companies in the Russian food-and-beverage industry. The brewery has a powerful malt-house (18 000 tons per year) which supplies either its own needs or needs of other Russian brewing plants. Ostankino Brewery produces a large variety of beer brands under traditional technology and from selected natural ingredients.

About DERZHAVA Bank:
JSCB “DERZHAVA” Bank (established in 1994) specializes in corporate banking for medium-sized enterprises and in private banking for wealthy customers and business owners. As of 01.01.2010 the Bank’s assets exceeds RUB 8.9 bn, capital exceeds RUB 1.12 bn and profit — RUB 281.5 m.