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IDGC of Centre is expanding cooperation with VTB Bank

8 October 2013

IDGC of Centre and VTB Bank have signed loan agreements for a total amount of 7.2 billion rubles for a period of five to six years. Borrowed funds are intended for credit financing of production and business and investment activities of the company, as well as the refinancing of its debt.

Transactions were committed as a result of the victory of VTB in the company’s public auctions for the right to provide credit resources.

Deputy General Director for Economy and Finance of IDGC of Centre Sergey Rumyantsev noted the years of good and fruitful cooperation, trust and mutually beneficial relationship between the companies.

First Deputy Chairman of the Management Board of VTB Bank Yury Solovyev stressed that the bank and IDGC of Centre during the collaboration developed a stable successful relationship, which we highly appreciate. The bank is ready to continue to participate in open competitions of the company, offering favourable conditions for cooperation.

Branches of the bank in cities such as Belgorod, Smolensk, Voronezh, Kursk, Tver service operational business of the company and its divisions.

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