OREANDA-NEWS. September 09, 2013. VTB has opened a ten-year RUB 30 billion credit line for VEB Leasing, Russia’s largest leasing company.

To date, VEB Leasing has received the first loan installment of RUB 5.78 billion to be repaid within five years.

VEB Leasing may use the loan for a variety of purposes, from funding its daily operations to refinancing its liabilities to other creditors.

"We are glad that VTB is in partnership with VEB Leasing for the long haul," said Yury Soloviev First Deputy President and Chairman of VTB Bank Management Board. "This agreement offers new opportunities for successful collaboration between our companies, both within the loan project and other agreements."