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VTB to assist with metro construction in Yekaterinburg

 
4 March 2010

VTB Branch in Yekaterinburg and OJSC Metrostroy Underground Construction Technologies signed a RUB 100 bln Loan Agreement for a 2-year period. The funds are to be used to execute state orders related to the construction of new first priority stations of the Yekaterinburg metro. The underwriter of the obligations is municipal entity “The City of Yekaterinburg”.

In total, the Bank intends to allocate over RUB 400 mln for the construction, thus contributing to implementation of the socially important project within the schedule set by the Yekaterinburg administration.

For reference:

VTB Group is a leading Russian financial group with a strong expertise gained in Russia and the CIS, and operating in more than 20 countries around the world. The Russian Government is VTB majority shareholder, with a 85.5% stake. The share of other shareholders in VTB Charter is 14.5%, and the share of holders of VTB global depositary receipts is 7.01%. VTB offers a wide range of services in corporate, retail and investment banking in Russia, some other CIS states and a number of countries in Western Europe, Asia and Africa. As of the 2009 results, VTB Group was the second largest financial group in Russia by assets (RUB 3,583.8 billion) and by customer accounts (RUB 1,518.4 billion). VTB regional network comprises 949 outlets in Russia, the CIS and Europe. In 2008, VTB launched its investment banking arm, which operates from Moscow, London, Singapore and Dubai offices.

VTB Branch in Yekaterinburg was established in 1999. VTB sub- offices successfully operate in the Sverdlovsk region, in particular, in Yekaterinburg, Nizhny Tagil, Serov and Novouralsk.

OJSC Metrostroy Underground Construction Technologies was founded in March 2003. Today, it is a general contractor of the Yekaterinburg metro.

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