VTB Bank has provided Krastsvetmet with a nine-month guarantee for the return of a VAT refund worth 2.9 billion roubles.
VTB’s engagement with the company dates back to 2001. The bank provides it with settlement and cash services, loans, and conversion and guarantee operations.
“We are looking to to expand our involvement with leading Russian companies in all areas of financial and banking service provision. I am sure that this deal will help the company effectively meet its targets,” First Deputy President and Chairman of VTB Bank Management Board Yuri Soloviev said.