OREANDA-NEWS. April 15, 2011. JSC VTB Bank Branch in Stavropol opened a RUB 290 credit line to the Russkaya Column Convoy construction company for the period up to the end of this December, reported the press-centre of VTB Group.

The funds will be used to build defence facilities under the company’s state contracts with the Russian Defence Ministry. In particular, the company plans to build cantonments and houses for servicemen.

The Company has been a customer of JSC VTB Bank since 2008 using its cash and settlement services, being a member of the Bank-Customer System, raising loans and placing deposits with the Bank. Cooperation with JSC VTB Bank allows the company to gradually develop and have guaranteed funding to duly meet its obligations.

This year the company plans to expand its business relations with the Bank by borrowing from the Bank’s Branch in Stavropol to finance housing construction for servicemen of the Vladikavkaz garrison.

Forreference:
The Russkaya Column Convoy Limited Liability Company is one of the largest construction companies of the Stavropol Region. It is engaged in building and assembling operations under state contracts with the Russian Defence Ministry, as well as under municipal and private contracts .Having huge material and technical resources, numerous construction equipment and machinery, the company operates in many regions of the North-Caucasian Federal Constituent, and in South Ossetia and Abkhazia.