FESCO and LOCKO-Bank will cooperate in the financial sector

02 September 2021

FESCO Transportation Group (“FESCO”, the “Group”) and Joint stock company “LOCKO-Bank” (“LOCKO-Bank”) have agreed to cooperate in the financial sector.

The corresponding agreement of intent was signed by Leonid Zvyagintsev, Vice-president, Finances of FESCO and Elena Portnyagina, Deputy Chairman of the Management Board of LOCKO-Bank within the framework of the Eastern Economic Forum (EEF).

The companies plan to implement a number of projects in the field of corporate and personal services, providing consulting services on jointly implemented projects.

The parties also agreed to work out a possibility of providing the Group with various bank products and providing corporate loyalty programs to FESCO employees.

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Following decision of Khamovnichesky District Court of the city of Moscow and in response to numerous appeals from mass media, customers and partners FESCO Transportation Group (“FESCO”, the “Group”) deems it necessary to inform of the following.
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