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VTB Bank Opens RUB 2 Billion Credit Line For Avtovaz OAO-Interfax


Thursday, 21 Feb 2013 03:57am EST 

Interfax reported that VTB bank has opened a credit line of RUB 2 billion for Avtovaz OAO and it plans in the near future to provide further EUR 30 million, said Member of the VTB's Management Board, Mr. Valery Luikyanenko at a press-conference. The parties intend to sign credit agreements, under which EUR 30 million is to be used for the modernization of the production. In 2012 VTB bank has provided Avtovaz OAO with credits in various currencies of RUB 3 billion. 

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