VTB Bank has granted a loan of Nizhny Novgorod Vodokanal in the amount of 650 million rubles

VTB Bank has granted a loan of Nizhny Novgorod Vodokanal in the amount of 650 million rubles


“VTB throughout Russia actively supports projects in the sphere of housing and communal services. In Nizhny Novgorod our cooperation with the enterprises of this sector develops especially dynamically,” said Deputy President and Chairman of the management Board of VTB Bank Mikhail Oseevsky, commenting on the deal.

MOSCOW, Dec 15./strong>. Bank VTB has opened a credit line for OJSC “Nizhny Novgorod Vodokanal” in the amount of 650 mln roubles for 7 years, the borrowed funds will be used to support the implemented enterprise programme “Modernization”, the press service of the Bank.

OJSC “Nizhny Novgorod Vodokanal” is one of the largest enterprises of the Russian Federation in the field of water supply and sanitation, which operates and maintains the water and sewer network, located on an area of 41 thousand hectares with a population of 1.3 million people. The length of the water supply and sewage networks is more than 3 thousand kilometers.

“VTB throughout Russia actively supports projects in the sphere of housing and communal services. In Nizhny Novgorod our cooperation with the enterprises of this sector develops especially dynamically. Supporting this socially significant project, we contribute in providing a comfortable life of Russians”, — said the Deputy President and Chairman of the management Board of VTB Bank Mikhail Oseevsky, commenting on the deal.

In turn, the General Director of JSC “Nizhny Novgorod Vodokanal” Alexander Popov reminded that with VTB Bank, the company is actively working with 2013. “Thanks to the constructive approach, a professional team of financial partner and confidence in the management of our company, we had the opportunity to attract credit resources to continue the implementation of the program “Modernization”, — said Popov, whose words are in the press release of the Bank.