Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

VTB Bank to issue 100 billion Ruble loan to Rosneft
22.06.2012 12:05
VTB Bank to issue 100 billion Ruble loan to Rosneft

VTB Bank and Rosneft, Russia’s largest oil company, signed a strategic partnership agreement on corporate finance and investment banking services during a meeting at the St. Petersburg International Economic Forum.

The agreement was signed on behalf of VTB Bank by Andrey Kostin, President and Chairman of the Management Board, and on behalf of Rosneft by  President and Chairman of the Management Board.

In addition to closer ties in corporate finance and investment banking, under the agreement VTB Bank will make available to Rosneft a RUB 100 billion 5-year credit facility to finance the company’s regional projects.

During the signing ceremony Andrey Kostin said: “VTB’s partnership with Rosneft is based on long-term and mutually beneficial cooperation. Financing the leader of Russia’s oil industry is a good example of the support that VTB provides to the real sector of the Russian economy”.

Rosneft is a leader of Russian oil industry and one of the world’s top publicly traded oil and gas companies. The company is primarily engaged in exploration and production of oil and gas, production of petroleum products and petrochemicals, and marketing of outputs. Rosneft has been included in the Russian Government’s List of Strategic Enterprises and Organizations. The company’s major shareholder (75.16%) is OJSC ROSNEFTEGAZ, which is 100% owned by the state.

Author: Irina Fomina

Tags: Russian banks Russian oil companies    

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Festivals in Saint Petersburg  Mercedes-Benz Fashion Week Russia  US sanctions  Russian tourism  the Urals region  Andreapol  Crocus City Hall  Russian economy  Stolby  Educational Tourism  Irkutsk  stowaways  Semikarakorsk  Samara  environment  Moscow  fashion designer  Bright People   Michael Barclay de Tolly  Pergamon Altar  Russian scientists  Russian places of interest  Archeological Finds  Russia-France  accommodation in Russia  Quasicrystals  Skolkovo  Butovskaya Line  Exhibitions in Moscow  bus tickets Russia FIFA  Russian Desman   Buryatia  Russian Cinema  ASNARO  Yekaterinburg Architecture  St. Petersburg  Russian business  Russian science  Russian souvenirs  Beloretsk  Periodic Table  Wooden Architecture  Barnaul  Russian media  Film Festivals  Russian brands  obituary  Darwin Museum  religion  universities ranking 

Travel Blogs
Top Traveling Sites