RT-Finance

The RT-Finance management circuit will include banking structures in which the Corporation owns a stake, pension funds, and insurance subsidiaries. The purpose of the company is to consolidate specialized financial assets to improve their management efficiency, create synergy of financial, banking and insurance services.

History

2024: Red Wings Airline Management

On July 30, 2024, it became known that Red Wings Airlines came under the control of the structure of the Rostec state corporation. The functions of the sole executive body of Red Wings were transferred to the leasing company Aviakapital-Service, which is part of the RT-Finance holding. Read more here.

2016: Centralization of redistribution of finance "Rostec"

On November 22, 2016, the Rostec press service announced the creation of a centralized system for redistributing funds within the group in the state corporation. The project operates on the basis of RT-Finance.

As of November 1, 2016, the amount of funds raised by RT-Finance ~ 7.7 billion rubles. On a daily basis, operations are carried out to attract temporarily free funds to the pool and provide internal corporate financing.

The mechanism allows you to accumulate temporarily free funds of corporation organizations in RT-Finance accounts using loan agreements, redistribute them centrally between corporation organizations, and/or make a consolidated placement in highly reliable financial market instruments.

The purpose of the internal corporate financing project is to increase liquidity, solvency, financial stability of the group's organizations, reduce the cost and volume of external debt financing.

The main economic effect of intra-corporate financing operations is received by the Corporation's organizations: borrowers - in the form of savings from a decrease in interest rates on borrowed financing from the Corporation's Pool Leader, lenders - in the form of additional income from an increase in the rate of placement of temporarily free funds in the Corporation's Pool Leader. Andrey Sapelin, General Director of RT-Finance JSC

According to the company's statement, by November 2016, RT-Finance had concluded more than 340 agreements with the Corporation's organizations to attract temporarily free funds to the Corporation's pool and provide funding to the corporation's organizations.

The internal corporate cash management system created in the state corporation ensures the implementation of the instructions of the President of the Russian Federation and the directives of the Government of the Russian Federation on the creation of single treasuries in state-owned companies and state corporations in terms of centralizing the management of the group's financial flows and is the most effective way to use the temporarily free funds of the group's organizations.