VTB issued Russian Railways 30 billion rubles of a loan

VTB Bank provided a Russian Railway OJSC of a credit line in the amount of 30 billion rubles for a period of two years. Funds will be aimed at conducting the current activities of the company.

In mid -October last year, VTB opened a credit line for 80 billion rubles for Russian Railways. For how long this financing was allocated, it was not reported.

In mid -August last year, the first cargo company announced its intention to attract bank loans for 5 billion rubles to pay the dividends of the mother company - Russian Railways. The board of directors of the largest railway operator in Russia intended to apply for a loan to VTB, reports BFM.ru.

VTB VTB VTB Andrei Burlinov said that the bank welcomes the “active position of Russian Railways to increase the scale of the transport business and deep integration into the Euro-Asian transport system”, and intends to provide it with “the whole range of financial services in the company's presence markets”.

Recall that in November the government decided to increase the size of state subsidies for Russian Railways in Sochi and Moscow to 60.8 billion rubles. The company will receive them as a contribution to the authorized capital.

In the published project, the order of the Cabinet of Ministers expected that 34.9 billion rubles would go to create objects of transport infrastructure of the 2014 Olympic Winter Games in Sochi, 25.9 billion rubles - to develop the transport complex of the Moscow region.

Russian Railways are one of the largest transport systems in the world. The company was established by the Government of the Russian Federation in September 2003. The only shareholder is the Russian Federation.

VTB is a system -forming Russian bank that built an international financial group. The VTB group has an international network unique for Russian banks, which has more than 30 banks and financial companies in 19 countries. VTB provides its customers with comprehensive service in the CIS countries, Europe, Asia and Africa. In the Russian banking market, the VTB group ranks second in all basic indicators.