OREANDA-NEWS. On April 07, 2009 Striving to develop cooperation with Russian enterprises of electric power industry, JSC VTB Bank has set a RUB 2.5 billion to JSC The Fifth Power Generation Company of the wholesale market (OGK-5) for a period up to 2012, reported the press-centre of VTB.  

The limit will allow the company to use a wide range of VTB opportunities for financing current needs through various instruments accepted in the international banking practice. In particular, the limit envisages lending in order to replenish working capital, as well as to repair and modernize fixed assets. Besides, the Bank will provide OGK-5 with settlement and cash services, and a number of specialized bank products such as Customer Settlement Centre and Electronic Banking, meeting the demand of companies having multibranch and holding structure. 
 
VTB considers lending to OGK-5, a backbone Russian enterprises, as a further step to enhance sustainable development of electric power enterprises in Russia.