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There has been signed an agreement of cooperation within the framework of mortgage credit lending between UEC-Saturn PJSC and NOVIKOMBANK JSCB

Site news 26.08.2020

August 26, 2020, Rybinsk. – On August 25, 2020 during the International Military-Technical Forum “ARMY-2020” there was signed an agreement of cooperation within the scope of mortgage lending between UEC-Saturn PJSC (part of United Engine Corporation, a Rostec State Corporation company) and Joint-Stock Commercial Bank "NOVIKOMBANK".

UEC-Saturn and NOVIKONBANK established cooperation aimed at the organization and implementation of a set of actions providing for bank mortgage loans to employees in the currency of the Russian Federation for finished real estate or that under construction in accordance with NOVIKOMBANK's mortgage products.

The signed Agreement extends the mortgage lending program to employees of UEC-Saturn, SatIZ,  VolgAero, NIR, Branch of PJSC UEC-Saturn - ОМКB, ATO, Cleaning Company “Blesk”, RT-Pitanie (referred to hereinafter as the Company’s employees).

Viktor Polyakov, Deputy General Director - Managing Director of UEC-Saturn: "In order to create conditions for improvements in the housing of UEC-Saturn people under the enterprise's current housing policy the company provides money for the partial repayment of  interest on mortgage credits taken from partner banks. The implementation of this housing program project is targeted at supporting the company staff. UEC-Saturn's HR policy is based on all-round motivation for high-level professional competence, attitude to work, commitment to the enterprise's interests."

As part of the Agreement NOVIKOMBANK will help the Company’s employees to arrange and carry out mortgage deals for the purchase of finished real estate and that under construction using bank mortgage loans, will conduct joint and individual explanatory campaigns intended to raise employees' awareness of mortgage program terms as well as advise them on mortgage credit granting questions.

"Novikombank supports Rostec State Corporation's housing program within the long-term national policy that is to enhance housing affordability and the Bank's own social strategy. We offer our partners the most favorable lending terms as related to both interest rates and requirements for mortgagors. The agreement signed with UEC-Saturn today is an important milestone on our way to the objectives set," pointed out German Belous, Deputy Chairman of the Board of Novikombank.


NOVIKOMBANK JSCB is among the 20 biggest banks of Russia. It renders an entire range of banking services in all the segments of financial market. Financial backing of domestic production enterprises in high-technology  sectors, aviation and automotive industries is the Bank's top-priority line of activity. It is a professional player of security market and a participant of the deposit insurance system. The rating issued by ACRA to Novikombank is level А (RU) which is a high rating of creditworthiness and reliability. The creditworthiness rating assigned by Expert RA to the Bank is ruА- with a stable forecast. The rating from international agency Moody's is Ва3, a stable forecast. Novikombank is a member of Russia’s Mechanical Engineers Union.

PJSC "UEC-Saturn" is an engine-manufacturing company specialized in the design and development, production and after-market support of gas turbine engines for commercial aviation, power generation and gas compression as well as for ships and vessels.
UEC-Saturn is part of United Engine Corporation.

United Engine Corporation (JSC) (a Rostec State Corporation company) is an integrated organization specialized in the design and development, serial production and after-market support of engines for military and commercial aviation, space programs, the Navy as well as for the oil and gas industry and power generation.

Rostec State Corporation is one of the biggest industrial companies in Russia. It includes over 800 scientific and production enterprises in 60 regions of the country. The key areas of activity are aircraft industry, radio electronics, medical technologies, innovative materials etc. The Rostec portfolio spans such renowned brands as AVTOVAZ, KAMAZ, UAC, Russian Helicopters, UEC, Uralvagonzavod, Shvabe, Kalashnikov Concern and others. Rostec is fully engaged in the implementation of 12 national projects. The company is a key supplier of Smart City technologies, it deals with the digitalization of state management, industry, social sectors, devises development plans for 5G wireless communication technologies, industrial Internet of Things, big data and block-chain systems. Rostec is a partner of the world's leading manufacturers such as Boeing, Airbus, Daimler, Pirelli, Renault etc. The corporation's products are delivered to more than 100 countries. Almost a third of the company's receipts comes from the export of high-tech products.

UEC-Saturn PJSC press service 
Phone: (4855) – 328-898, 
E-mail: press@uec-saturn.ru      
www.uec-saturn.ru


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