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VTB expands relationship with PSKOVVTORMET

29 June 2015


VTB has established a one-year credit limit of RUB 600 million for PSKOVVTORMET, a leading scrap metal company in the Pskov and Leningrad regions.

The loan will be provided as a renewable tranche denominated in roubles and US dollars, and will be used to purchase scrap metal for resale in Belarus and other European countries.

Since 2011 VTB has provided PSKOVVTORMET with loan, settlement and cash and currency control services and the use of its client-bank system.

PSKOVVTORMET was established in 1993 on the basis of the Vtorchermet regional government-owned production and procurement enterprise, and consists of 12 production and procurement sections in St Petersburg, Pskov, Velikiye Luki, Ostrov, Nevel, Pustoshka, Porkhov and the village of Sushchevo in the Bezhanitsy District.


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