JSC VTB Bank has set a RUB 1.9 bln credit limit for JSC Tatsroi.
Within the limit, RUB 100 mln has already been granted and RUB 740 mln will be provided by the end of November. The funds will be given for the term of three years to replenish the company’s working capital and finance the construction of two residential houses with the floor area of 19.5 thousand square meters in PK-2 district near Osinovo in the Zelenodolsky Region of Tatarstan.
«By financing a major player in the regional construction market we are participating in socially important projects. New schools, kindergartens, hospitals and health centers are being built, which means higher living standards of our citizens and steady economic development of Tatarstan,” said Kamil Yusupov, General Manager of the VTB Bank Branch in Tatarstan.
JSC Tatstroi is a leading construction corporation which comprises 18 production, industrial and service divisions annually building up to 200 thousand square meters of housing. At present, it employs 2900 workers and specialists. The company is actively involved in building sports facilities for Universiade-2013, civil and industrial construction projects.
The VTB Bank Branch in Tatarstan was established in 2002. Today, there are 19 outlets of VTB Group (including VTB Bank and VTB 24) in the Republic of Tatarstan. The Branch’s customer base exceeds 1500 corporate customers, with 700 of them representing large and medium-size business. Credit limits open by the Branch amount to RUB 100 billion.