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VTB lends to Russian Technologies

29 December 2009

VTB Bank has opened a two-year RUB 600 million credit facility for Russian Technologies State Corporation. The funds have been granted to finance the corporation’s current activities and expenses specified in the Federal Law “On Russian Technologies State Corporation” within its normal economic activity.

VTB has been actively developing cooperation with Russian Technologies, Russia’s leading state corporation, in particular, in implementing the Russian Government instructions to provide financial support to the Military and Industrial Complex. Currently, the Bank has opened a total limit of RUB 85 billion for member companies of Russian Technologies.

“VTB, having developed a sustained leadership in the state corporation market, and having gained considerable experience through operating with backbone companies, is striving to implement the Bank's comprehensive approach and meet customer demands at all stages of their development, offering the widest range of banking products and services”, Valery Lukyanenko, Member of VTB Management Board, said.

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