VTB Group has announced the completion of a joint project of VTB Bank Krasnoyarsk branch, VTB Leasing Krasnoyarsk representative office, and Sibugol Limited Liability Company. Under the project, Sibugol leased 30 Scania tractor-trailer vehicles for a total amount of RUB 172 million to increase transportation of brown coal, in particular, under a coal supply contract with OGK-4 (Berezovskaya GRES). Sibugol and VTB Bank Krasnoyarsk branch also entered into loan agreements for a total amount of RUB 83 million to finance contract expenses.
“Financing extraction industries is a priority business line for VTB Bank. Joint projects with VTB Group subsidiaries allow us to provide a full range of services for our customers to satisfy their current needs to the fullest extent", Svetlana Balakhnina, Deputy Branch Manager of VTB Bank Krasnoyarsk Branch, said.
Sibugol Limited Liability Companyhas been engaged in open-pit mining of brown coal (Russian 3B grade) in Balakhtinskiy District of the Krasnoyarsk Territory since 2008. High quality of produced coal allows the company to annually increase its sales.