VTB Bank has signed a 1.9-billion-rouble loan agreement with Chelny-Broiler, a leading poultry producer in the Russian Republic of Tatarstan. The seven-year loan will finance the construction of a poultry processing plant.
“This year, VTB has significantly increased the volume of its investment in agriculture. As part of the import substitution programme and with our support, agricultural enterprises are actively developing new areas of business while also expanding and modernising production. I am confident that implementing these projects will help boost the country’s agricultural production,” Deputy President and Chairman of VTB Bank Management Board Mikhail Oseevskiy said.