As part of its plan to expand cooperation with leading energy companies in the southern Urals, VTB Bank has signed an agreement with Chelyabenergosbyt to provide a 12-month credit line worth RUB 1 billion. The company explained that the company’s total credit portfolio would not increase.
«VTB is actively involved in supporting the real sector of the economy, including by issuing loans to leading energy companies. We plan to expand short-term cooperation with Chelyabenergosbyt by providing additional banking products.»
First Deputy President and Chairman of VTB Management Board
Chelyabenergosbyt was established on 31 January 2005 after the reorganisation of Chelyabenergo. Today it is one of the leading energy supply companies in the southern Urals. Its main activity is the purchase of electricity on the wholesale market and selling it to retail clients.
In the Chelyabinsk Region the company acts as a guaranteed supplier and delivers electricity to all municipal entities. The company’s client database includes over 39,000 legal entities and 1.3 million private individuals.