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 44
Fax: +7 812 458 83 72

E-mail: press@lsrgroup.ru

www.lsrgroup.ru

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

E-mail: pr@vtb-sz.ru
www.vtb-sz.ru