VTB has opened a revolving credit line of RUB 1 billion for EFESk with maturity in 12 months. The company will use the loan to replenish its working capital.
VTB has been collaborating with EFESk since 2009. The bank provides the company various cash settlement services and different types of loans and bank guarantees.
EFESk builds energy facilities of various levels of complexity and also modernises and repairs energy supply systems.
EFESk is part of the EFESk Group of Companies, which consists of over 20 assets focused on the construction and modernisation of energy facilities and is also engaged in electricity transmission, distribution and sale. Established in 1998, the group is implementing a number of federal and regional targeted programmes to develop the electricity industry in Russia and abroad.