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VTB grants credit facility to X5 Retail Group

 
28 August 2012

VTB grants credit facility to X5 Retail Group @ RIAN

VTB Group has signed a RUB 9 billion 3.5-year credit facility agreement with X5 Retail Group N.V., Russia's largest retailer by revenue, to refinance the company’s current short-term debt. The new facility will help X5 Retail Group to diversify its current debt structure.

X5 Retail Group has been a VTB Bank client since 2008, utilizing a full range of banking products and services including short-term lending, settlement and cash services and collection services for its retail stores.

 
 
 
 
Yuri Soloviev, First Deputy President and Chairman of the VTB Bank Management Board
«VTB Group has a long partnership with X5 Retail Group».
Yuri Soloviev,
First Deputy President and Chairman of the VTB Bank Management Board

Yuri Soloviev, First Deputy President and Chairman of the VTB Bank Management Board, said: “VTB Group has a long partnership with X5 Retail Group, and this loan further underscores the strength of our relationship with Russia's largest retailer”.

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