The FINANCIAL — VTB Bank has approved a credit limit of 1.750 billion roubles (USD56.8 million) for the Perm-based group of companies Novomet.
As VTB Bank reported, the first tranche of 250 million roubles (USD8.12 million) has been transferred to the client within this credit limit for a period of three years.
Yuri Soloviev, First Deputy President and Chairman of the Bank’s Management Board, said: "Working with the oil and gas sector is a key priority for VTB. I hope that our cooperation with Novomet, a leading producer of equipment for the oil and gas industry, will be long-lasting and mutually beneficial".
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