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



TAGS:
Moscow  Yandex  Leningrad Region  Stay Home Online Events  Moscow Theatres  Moscow State University  Amber Room  Peter and Paul Cathedral  Alexey Navalny  Moscow Tourist Attractions  Feminism  Muzeon Arts Park  Netherlands  IT  Russian business  Dulag 100  Russian opera  Spacecrafts  coronavirus  Russian boxer  pritest actions  Russian academy of sciences  Film Festivals  active holidays in Russia  St. Petersburg  Russian Cinema  Russian tourism  holiday  Russian scientists  Mercedes-Benz Fashion Week Russia  Sculpture  Russian economy  Olympic champions  New Opera Theatre  Nordic Yards  Exhibitions in Moscow  Sochi Olympics  Russian art  Maxim Kuzmin  Volgograd  Bukva-Grad  Fridman  Nikolay Petrov  Russian science  spa tourism  obituary  Moscow hotels  Pushking Fine Arts Museum  La Traviata  Russian sportsmen 


Travel Blogs
Top Traveling Sites