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VTB lends to GRINN Corporation

16 May 2011

VTB Bank has decided to expand a credit limit for CJSC GRINN Corporation up to RUB 7 billion. The funds will be channeled into ongoing operations and implementation of 5-year term investment projects.

"VTB Bank is focused on cooperation with the largest companies in various sectors of economy. GRINN Corporation is the market leader of the Central Federal District running interregional network of food hypermarkets operating under Liniya brand. The Bank and GRINN Corporation have been partners for 10 years, and we expect to continue our further mutually beneficial cooperation”, said Nikolay Ustinov, Senior Vice President of VTB Bank.

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