VTB Bank has issued a RUB 2 billion credit facility to FSUE GUSS Dalspetsstroy of Spetsstroy of Russia (Dalspetsstroy). Dalspetsstroy has a total credit limit with VTB Bank of RUB 5 billion.
Valery V. Lukyanenko, Member of VTB Bank Management Board, said: “Dalspetsstroy will use these funds to refinance its current loan portfolio and to finance its operating activities, including contracts with the Russian Space Agency and Defense Ministry”.
Dalspetsstroy has been a VTB Bank client since 2000. In addition to financing, it also uses services including settlement and cash services, currency control, foreign exchange transactions, guarantees and bank deposits.
FSUE GUSS Dalspetsstroy of Spetsstroy of Russia is the largest construction organization in the Far East region, with construction projects in the Khabarovsk, Primorsk and Kamchatka Territories, and in the Sakhalin and Amur regions. The projects include industrial and community infrastructure and facilities, thousands of kilometers of pipelines and roads, and about 2 million square meters of residential housing.