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VTB extends credit to SELF

 
10 June 2014

© photoexpress.ru

VTB has extended a RUB 1.5 billion two-year credit line to SELF, one of the leading construction companies in Altai Territory. About RUB 1 billion of this total has been provided in the form of bank guarantees.

The proceeds will go towards financing the company’s day-to-day operations, including the construction of a cultural and recreation centre in Barnaul. VTB first worked with SELF in 2012, offering cash management services, as well as financing opportunities.

 
 
 
 
«VTB is very interested in cause-related projects aimed at improving people’s quality of life. It is very satisfying that, with VTB’s financial support, a new state-of-the-art centre will be welcoming Barnaul’s best performance groups by the end of 2014».
Mikhail Oseevskiy,
Deputy President and Chairman of VTB Bank Management Board

For reference:

SELF is one of the largest construction companies in the Altai Territory. Established in 1996, the company focuses on commercial and residential building construction, redevelopment projects and infrastructure development. The company is active primarily in Barnaul, Novosibirsk and Belokurikha.

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