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VTB expands cooperation with Mosvodokanal

20 June 2011

© RIA Novosti, Roman Galkin

Under expansion of cooperation with infrastructure companies of the Moscow Region, VTB Bank has taken part in the open auction announced by Mosvodokanal Moscow State Unitary Enterprise and won a right to sign a RUB 1.5 billion loan agreement.

VTB and Mosvodokanal are long-standing partners. Since 2008, the enterprise has been provided with loans under Master Facility Agreement.

Valery Lukyanenko, member of VTB Management Board said, “currently VTB is the main partner bank of Mosvodokanal. Over the years of cooperation the Bank has lent RUB 4 billion to Mosvodokanal”.

For reference:

Mosvodokanal Moscow State Unitary Enterprise is the largest Russian utility monopoly providing water supply and disposal services to Moscow and Moscow vicinity. Mosvodokanal supplies drinking water to over 13 million residents of the Moscow Region, which is about 10% of the country’s population.

Moscow City Government represented by the Moscow City Property Department is the sole shareholder of the enterprise. The credit rating of Standart&Poor`s is “ВВВ-/А-3/ruААА”, stable outlook.

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