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VTB to finance Srednevolzhskaya Gas Company (SVGK)

 
20 August 2015

VTB to finance Srednevolzhskaya Gas Company (SVGK).

VTB Bank Samara has approved a two-year RUB 950 million credit line for Srednevolzhskaya Gas Company (SVGK).

Commenting on the deal, Deputy President and Chairman of VTB Bank Management Board, Mikhail Oseevskiy, said, «The Samara Region is one of the country’s largest centres of economic development, where the business community, officials and the banking sector are focused on achieving the region’s full potential. By providing financial support to local companies, VTB Bank is contributing to this goal. I hope that our partnership with Samara Region’s major gas company will help it find new sources of growth.»

For reference:

Srednevolzhskaya Gas Company (SVGK) distributes and transports gas to industrial and residential customers. It is also involved in the maintenance of gas distribution systems and other facilities in the Samara Region. One of the largest and oldest gas companies in Russia, SVGK has branches across the entire Samara Region. Constantly improving its main activities, the company sees it as a priority to expand and develop the range of its gas distribution management services.

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