VTB opens a credit line for Sokol plant

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VTB opens a credit line for Sokol plant

VTB has opened a credit line for Sokol aviation plant with a total available amount of $82,12 million (2.6 billion rubles) and the maturity date of December 31st 2015, press-service of VTB reports. AEX.ru

The funds will be used for maintenance of the enterprise’s activity in the area of state contract implementation tied up with the Russian Ministry of Defense. The state guarantee of Russian Federation is the cover of this contract.

According to Valery Lukyanenko, member of the board of VTB, “Sokol is one of the most prospective customers for VTB in the region and we plan to expand our cooperation in future».