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VTB Group grants loan to ALROSA

10 May 2012

VTB Group grants loan to ALROSA

VTB Group has granted a USD 150 million loan to JSC ALROSA, the world’s leading diamond miner. VTB Bank (Austria) AG, a VTB Group’s European sub-holding member, acted as a deal agent.

«This deal is another step in expanding cooperation between two strategic partners - VTB and ALROSA, which confirms VTB’s readiness to offer comprehensive and high-quality customer service»
Andrey Burlinov,
VTB Bank Senior Vice President

For reference:

JSC ALROSA is the largest diamond mining company in the world, which is ranked first by physical volumes and second – by the price of produced diamonds. In 2011 the company’s output amounted to 34.55 million carats. The company’s probable reserves make up about one third of the world’s diamond resources.


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