The FINANCIAL - VTB Bank issues a RUB 1.23 billion loan to the Kirovsky Zavod Group

VTB Bank issues a RUB 1.23 billion loan to the Kirovsky Zavod Group

26/10/2012 03:46 (207 Day 14:42 minutes ago)

The FINANCIAL -- In the third quarter of 2012, VTB Bank issued RUB 1.23 billion (US$ 38.9 million) worth of loans to companies of the Kirovsky Zavod group for financing of working capital.

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As VTB Bank reported, the credit limit that the bank set for the group in August 2012 will remain in effect until the end of 2015.

Within that limit, VTB issued RUB1.1 billion (US$ 35.35 million) to the Petrostal metals plant and RUB130 million (US$ 4.18 million) to the Kirov Energomash engineering plant in the third quarter of 2012.

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