Debt financing

Bank lending is one of the main finance resources for OR GROUP. The key financial partners of the Company are VTB Bank (PJSC), Promsvyazbank PJSC, Sberbank PJSC, Rosbank PJSC and Absolyut-Bank PJSC. At the end of 2020, 35% of the loan portfolio consisted of long-term liabilities, the other 65% were short-term liabilities. 

The Company uses the following financial instruments:

unsecured lending;  

long-term (partially secured) lending.

OR GROUP has a reputation for being a reliable borrower with a positive credit history, that is why the Company has long-term partnerships with the largest Russian banks being the leaders of the domestic banking market.

Due to IPO in 2017, Company’s credit ratings were upgraded and a weighted average interest rate on bank loans significantly decreased to 10.61% as of the end of 2017, to 9.88% as of the end 2018, to 8.98% as of the end 2019, to 7.6% as of the end 2020.