VTB Bank and water utility St Petersburg Vodokanal will sign a loan agreement based on an online request for quotation. VTB will allocate a RUB 2 billion
St Petersburg Vodokanal provides water and sewage services to millions of city residents and to tens of thousands of companies.
"The housing and utilities sector is one of the most socially important parts of the economy. This is our first big contract with St Petersburg Vodokanal recently. We will be happy to offer it access to the entire range of our financial services. We hope that our financial assistance to one of the largest companies in St Petersburg will help it boost efficiency and technological safety and improve the quality of its services," said Denis Bortnikov, Member of VTB Bank Management Board.