Annual Report 2014
  • banner1
  • banner2 The Bank further expanded its cooperation with Rosaviainvest LLC, owner of Pulkovo-3 Business Aviation Centre, the first St. Petersburg airport servicing business aviation aircrafts, and JetPort SPb LLC, a leading business aviation operator: some major transaction report forms were finalized and deposits were placed systematically throughout 2014. The next envisaged steps involve the use of the Bank’s financial products and funding. For the purposes of a large-scale equipment retrofit, in 2014 the Bank granted RUB 420 mln of loans to Avangard LLC, a company manufacturing a wide range of consumer products. The new equipment will support the complete production cycle and ensure high quality of products. Kanonersky Ship Repair Yard, Russia’s leading shipbuilding and repair enterprise, is regularly contracted to repair Princess Maria and Princess Anastasia passenger ferries and such world famous ships as Akademik Fyodorov, Sedov, and Admiral Vladimirsky. Obligations under major government contracts, which in 2014 involved the upgrade of AS-34 deep submergence rescue vehicle and reconstruction of the Professor Logachyov research vessel, are secured by the Bank’s guarantees.
  • banner3 A landmark transaction of 2014 was the funding arrangement for Baltiisky Flot LLC for the purposes of purchasing a tugboat from Damen Shipyards Gorinchem, the Netherlands, with cover provided by Atradius Export Credit Agency. The Bank issued two import documentary letters of credit with a total value of EUR 5.9 mln. The Lookman tugboat has already been delivered to the customer and is currently operating in the Baltic Sea. VAD CJSC is the largest road-building company of the North-Western Region. It is included into the list of strategic companies prepared by the Ministry of Economic Development. The company constructed the western and the southern sections of the ring road around St. Petersburg, one of the most technically complicated ones in terms of engineering. In 2014, the Bank’s guarantees secured the performance of VAD CJSC’s obligations under the contracts of construction and reconstruction of the M-10 Highway from St. Petersburg to the border of Finland and the A-121 St. Petersburg – Petrozavodsk Highway. Vysotsky Port located near St. Petersburg specializes in export shipments of Russian power generating coal using state-of-the-art equipment and cutting-edge technology. The series of loans provided to this company by the Bank in 2014 for the purposes of upgrading and purchasing new port facilities will enable it to continue increasing the port’s transshipment capacities.
  • banner4 Baltic Fuel Company, which has been successfully supplying vessels with high quality fuel for more than a decade, uses the Bank’s financial products to efficiently manage the foreign exchange risk associated with exporting oil products. In a highly unpredictable environment, forward transactions allow the company to secure its business from exchange rate fluctuations and more accurately predict future cash flows. The Bank is providing project finance services to LST Project LLC, the developer of a low-rise residential block just outside of St. Petersburg. The project comprises 10 residential blocks with a total area of 115 000 sq m and is divided into 5 phases, 2 houses in each, including the construction of a school and a day care centre. The neighbourhood is designed to house approximately 3 000 inhabitants. The Bank provides transaction banking services to Silmar, a fast growing group of transport logistics companies having its agencies in Valencia (Spain), La Spezia (Italy), and Guangzhou (China). The new Internet Bank ensured maximum convenience of account management and provided Silmar with high quality cash settlement services in its transactions with customers and suppliers throughout the world.
  • banner5
carousel bootstrap by v7.8