VTB Bank has opened a RUB 3 billion, 12-month credit line for International Grain Company (“IGC”). The company plans to use the funds for development and to finance its day-to-day activities.
First Deputy President and Chairman of VTB Bank Management Board Yuri Soloviev said: “International Grain Company is one of Russia’s largest grain traders; it not only supplies domestic customers, but also exports grain worldwide. I hope that our collaboration with International Grain Company will become a long-term and comprehensive relationship.”
IGC CEO Yury Ognev said: “This is our first time collaborating with VTB. I am certain that this partnership with a major international financial group will open new opportunities for our company and will help us to enter new markets.”